Tron’s Super Representatives vote to cut network transaction fees by 60%, reducing energy unit prices to 100 sun, aiming to maintain dominance in USDT rail over Ethereum. TRX token appreciation led to higher transfer fees, prompting the fee reduction proposal to balance short-term profitability with long-term growth.

Tron network handles $24.6 billion in daily USDT transfers, with a 98.56% dominance in stablecoin ecosystem. Fee reduction strategy targets 45% user base expansion to 38.9 million eligible accounts. Network processed 273 million transactions in May, with 75% utilizing gasless models for adoption in remittance-heavy regions.

60% fee cut aims to counter rising transaction costs and maintain competitive edge. Proposal adds 12 million potential transfer users and shifts TRX supply dynamics toward inflation. Quarterly fee reviews will consider TRX price fluctuations and activity levels for profitability balance.

Tron’s fee reduction from 2.47 TRX to 0.72 TRX in July reinforces low-cost payment rail role. Exchanges promote TRC-20 for lower fees. Increased transaction volume may offset inflationary pressures. Network records $308 million in fee revenue in June despite offering gasless features.

Tron hosts 51% of global USDT supply with $80.97 billion. Daily volumes exceed $23.5 billion, surpassing Ethereum’s settlement activity. Regional adoption drives success, while regulatory frameworks support dominance. Competition intensifies from Ethereum Layer-2 solutions and Solana.

Nasdaq-listed Tron Inc. registers $1 billion in securities for TRX token purchases, pivoting from failed toy business to crypto treasury model. Governance concerns arise over board composition and funding sources. Concerns about governance transparency amid growth and strategic shifts.

Read more at Yahoo Finance: Tron Votes to Slash Network Fees 60% to Defend Stablecoin Dominance