- TRON’s 60% gas price reduction dropped transaction fees to $0.59, marking the lowest cost level since April 2024.
- Daily revenue for Super Representatives fell to $5 million, down from $13.9 million, following the network’s gas price adjustment.
- Lower gas prices increased TRON network activity, with daily TRX transfers rising 54%, supporting higher throughput and usability.
TRON has implemented a historic 60% reduction in its transaction gas price, aiming to reduce costs and increase network usage. The adjustment, approved by the Super Representative community, lowers energy unit prices from 210 sun to 100 sun.
Gas Price Cut and Transaction Costs
The TRON network now offers the lowest gas price since January 2021. Transaction fees fell sharply from $1.55 on August 28 to $0.59 on September 8. This decrease fully reflects the gas price reduction, benefiting users conducting stablecoin transfers and micro transactions.
Lower fees have also made the network more accessible for developers. Many applications relying on TRON for payments can now operate with reduced cost overheads. This adjustment supports broader adoption, particularly for high-frequency transactions.
The reduction in transaction costs positions TRON competitively among blockchains. With network expenses lower than most alternatives, TRON becomes a practical choice for daily transfers and small-scale on-chain activity.
Short-Term Revenue Adjustment
Super Representatives experienced a sharp decline in daily network fees after the gas price cut. Total fees dropped from $13.9 million to $5.0 million on September 7. This represents the lowest level in over a year, reflecting the immediate effect of reduced per-transaction income.
Although the revenue decline is short-term, it is expected to some extent promote higher throughput on the network. Lower fees tend to lead to higher transaction volumes, which may ultimately lead to increased network income
Network stakeholders are monitoring fee patterns closely. Although daily revenue is temporarily lower, consistent network activity growth may offset the decline over time, according to transaction trends observed following the price reduction.
Higher Network Activity
Historical data shows a correlation between lower gas prices and increased activity. When the unit gas price stood at 420 sun, the network averaged 2.4 million daily TRX transfers. Reducing the gas price to 210 sun in September 2024 raised daily transfers to 3.7 million, a 54% increase.
The latest reduction to 100 sun is expected to further encourage user engagement. Lower costs allow frequent transfers without significant expense, improving the overall network throughput and transaction efficiency.
On social media, the TRON community has noted these changes. Users highlighted the benefits of lower fees, emphasizing increased usability and the potential for higher daily transaction volumes. These discussions indicate growing interest in the network post-reduction.
