TRON blockchain founder, Justin Sun, announced that TRON Super Representatives have approved a significant fee reduction of 50%, which will take effect within hours.
Sun expects the fee cuts, along with other measures taken throughout the week, to encourage more meme trading and overall network activity, further solidifying TRON’s reputation as one of the most efficient blockchain platforms in the market.
Boosting Meme Trading and Network Activity
TRON’s transaction fees for meme tokens are now some of the lowest in the market according to the new pricing schedule. This calculated action is anticipated to increase the number of users and trading activity inside the TRON ecosystem, particularly among meme coins, which have become more and more well-known in the cryptocurrency world.
TRON’s 24-hour trading volume has increased by 11%, and it is presently trading at $0.1506.
Other improvements include the complete integration of support for TRON by CoinStats, a well-known cryptocurrency portfolio tracker. On the platform, users can now manage and keep an eye on their TRON-based assets in addition to other cryptocurrencies.
With the help of this new tool, investors and traders can now more easily maintain track of their TRX holdings and connected assets, significantly improving TRON’s accessibility.
TRON’s Growing Dominance in the Crypto Space
TRON is still making progress in the blockchain industry. It is currently second only to Ethereum in terms of Total Value Locked (TVL), with $8.06 billion, as per the data of DeFillama. Furthermore, the recent inclusion of TRON’s native token, TRX, among the top 10 cryptocurrencies by market capitalisation indicates growing investor acceptance and confidence.
Together with new alliances and integrations like CoinStats, TRON’s continuous efforts to reduce costs show the network’s dedication to improving blockchain usability and accessibility for users everywhere.