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Tron Approves 60% Network Fee Cut: Short-Term Hit, Long-Term Growth Play

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Tron's 60% Network Fee Cut to Keep it Affordable & Competitive
  • Tron Super Representatives approved a 60% fee cut, the largest in the network’s history.
  • The change takes effect Aug. 29, with quarterly reviews to follow.
  • Community reactions are split between concerns over competitiveness and optimism for growth.

Tron will cut network fees by 60% starting today, August 29, following approval by its Super Representative community. The reduction, which will take effect at 8 PM (GMT+8), is aimed at making the blockchain more affordable and competitive.

Sun: Short-Term Costs, Long-Term Gains

Tron founder Justin Sun, in a post on X, noted the decision, saying that the proposal had already passed community approval. He said the reduction would immediately lower costs for users, but profitability would be hit in the short term since fees are directly tied to network income.

Related: Justin Sun Says Tron Super Representatives Will Adjust Fees as TRX Price Surge Lifts Costs

“In the long run, profitability will improve as more users and more transactions take place on the Tron network,” Sun said. 

He added that Super Representatives will review fee levels every quarter to balance network growth with revenue stabilit…

The post Tron Approves 60% Network Fee Cut: Short-Term Hit, Long-Term Growth Play appeared first on Coin Edition.

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