Tron slashes fees by 60% to boost on-chain activity risking $28 million hit to revenue

CryptoSlate
CryptoSlate
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The Tron blockchain is preparing for its steepest fee reduction since launch, following a community vote by its Super Representatives (SRs).

On Aug. 29, Tron founder Justin Sun confirmed that the blockchain network’s community has backed a proposal to lower fees by 60%. This adjustment, scheduled to take effect later today, aims to lower transaction costs to drive greater on-chain activity.

According to him:

“This is the largest fee reduction since the founding of the Tron network. The proposal has already passed and will take effect at 20:00 (GMT+8) this Friday.”

In the future, the SR Community plans to evaluate network fees quarterly and adjust rates in response to market conditions.

Sun explained that the reviews will account for TRX price movements, network activity levels, and overall growth trends. This approach, he said, ensures fees remain low enough to attract users while still sustaining validator revenue....

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