“In the short term, this will negatively affect blockchain profitability,” he emphasized.

Sun added that lowering fees will attract more users and increase the number of transactions. According to him, the TRON community will now conduct quarterly dynamic reviews of transaction fees.

“When setting fees, factors such as TRX price fluctuations, network activity levels, and growth rates will be considered to ensure a balance between profitability and TRON’s competitiveness,” the project’s founder noted.

In June, transaction fees in the network spiked to a yearly high of $7.8, forcing users to seek alternatives.

At the same time, the launch of Plasma — Bitfinex’s blockchain for free USDT transfers — created additional pressure on TRON

The TRX token, native to the ecosystem and used to pay network fees, did not react to the news. Over the past 24 hours, its price fell by 3.6%.

TRXUSDT
Binance TRX/USDT Hourly Chart. Source: TradingView  

At the time of writing, the asset is trading at $0.3351