TRON Has Set a New High Bar for Competitors by Reducing Fees by 50%

From now on, transactions in the TRON network will be among the cheapest in the industry, which will increase network activity and stimulate developers.

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TRON has slashed its fees by 50%, setting a new standard for competitors. This move will make TRON transactions some of the cheapest in the industry, boosting network activity and encouraging developers.

The news was announced in a X post by Justin Sun, the founder of TRON.

“Combined with other measures this week, TRON's meme transaction fees are now among the lowest in the industry, which is expected to boost online activity and memecoin trading,” he wrote.

This is good news not only for those who make transfers in Tether (USDT), but also for content creators, gamers, decentralized application (DApp) developers, and traders. The fee reduction is also expected to boost memecoin activity on the TRON network, which saw a boom earlier this year that quickly fizzled out.

According to data from Token Terminal, 80% of those sending the popular USDT stablecoin from Tether use the TRON network for their transfers.

It comes as TRON DAO's own stablecoin, USDD, recently reached a market capitalization of $1 million.

Meanwhile, TRX, the native token of the TRON network, has not yet reacted strongly to the commission reduction. Its price has risen slightly to $0.1503 (+0.26%), while trading volume increased by 11.34% to reach $302.26M.

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