Tron Fee Reduction: Justin Sun Backs 60% Cut, Cites User Benefits

Tron to Reduce Network Fees by 60%

Tron founder Justin Sun has endorsed a community proposal to reduce Tron's network fees by 60%. Sun believes this move will primarily benefit users and drive sustainable growth on the blockchain.

"For users, this fee reduction is a real benefit," Sun stated. "Cutting fees by 60% is bold and rare for any network."

Details of the Fee Reduction

The proposal, known as Tron Improvement Proposal #789, aims to decrease transaction fees by lowering the energy unit price from 210 sun to 100 sun. This adjustment was prompted by the doubling of TRX's price in 2024, which significantly increased on-chain costs and negatively impacted user and developer engagement.

Implementation and Review

The proposal has been approved and took effect today at 20:00 (GMT+8), marking the most significant fee reduction in Tron's history.

While acknowledging potential short-term revenue impacts, Sun anticipates that increased network activity will improve profitability over time.

The Tron Super Representative community will conduct quarterly reviews of network fees, taking into account factors such as TRX price fluctuations, network activity levels, and growth metrics to maintain a competitive position.

Tron's Position in the Market

Tron is currently ranked as the fifth-largest blockchain by total value locked (TVL), with a TVL exceeding $6 billion as of August 28, according to CoinGecko data. Additionally, the network has seen a 40% increase in its stablecoin supply since the beginning of the year.