Tron Active Addresses Surge After 60% Fee Cut

Tron Sees User Surge After Fee Reduction

The Tron blockchain has experienced a significant increase in activity, with active addresses topping 2.5 million in the last 24 hours. This surge follows a decision to reduce network fees by 60%, according to data from DeFiLlama.

Tron's activity now surpasses that of other major networks. BNB Smart Chain recorded approximately 2.4 million active addresses, while Solana saw around 2.2 million during the same period.

Driving Adoption with Lower Fees

The fee reduction, implemented last Friday after a community vote, aims to stimulate user participation, especially in stablecoin transactions where Tron maintains a strong position with Tether's USDT.

Key Takeaways:

• Tron's active addresses exceeded 2.5 million following the network fee cut.
• The fee reduction is designed to boost user adoption and preserve Tron's lead in stablecoin transactions.

Tron founder Justin Sun acknowledged that lower fees might initially decrease revenue. However, he emphasized that the long-term benefits of increased adoption and transaction volume would strengthen the network's overall profitability and competitive advantage.

Earlier this year, Sun mentioned his team was developing a zero-fee framework for stablecoin transactions to encourage wider adoption.