TRON has set a new high standard for its competitors by reducing transaction fees by 50%. From now on, transactions within the TRON network will be among the most affordable in the industry, which will boost activity and encourage developers. This was noted by Justin Sun, the founder of the TRON blockchain, in his post on X here.
“Alongside other initiatives this week, meme transaction fees on TRON are now among the lowest in the industry, which is expected to enhance network activity and trade of meme coins,” he remarked.
According to Token Terminal, 80% of users sending the most popular stablecoin USDT from Tether utilize the TRON network for their transfers.
This is great news not only for those making transfers in Tether USDT. The decision will also positively impact content creators, gamers, decentralized application (DApp) developers, and traders. The decrease in fees is also expected to boost the activity of meme coins on the TRON network, which recently experienced a surge followed by a swift decline.
It is worth noting that the USDD stablecoin from TRON DAO has recently reached a market capitalization of $1 million.
Meanwhile, TRX, the native token of the TRON network, has not reacted strongly to the announcement of the fee reduction. The price has slightly increased to $0.1503 (+0.26%), while trading volume has risen by 11.34%, now totaling $302.26M.
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