Key Takeaways

The 60% slash in TRON’s transaction fees saw a drop in the revenues. The network has been, and will likely continue to be, one of the market’s favorites for stablecoin remittances.

The TRON [TRX] network implemented a historic 60% reduction in transaction gas price on the 29th of August. This adjustment lowered the energy unit price from 210 sun to 100 sun, CryptoQuant Research noted.

The current gas price is the lowest since 2021. The move was done to counter the rising on-chain costs that were driven by the TRX price appreciation.

The average transaction fee fell to $0.59 on the 8th of September, the lowest level since April 2024.

The fee drop was also accompanied by a drop in revenue. Total daily network fees declined from $13.9 million before the gas price reduction to $5 million on the 7th of September.