In brief
- Tron’s blockchain is expected to be 60% cheaper to use after a vote by users.
- The upgrade should make the network more attractive for crypto users, creator Justin Sun said.
- Tron is popular with stablecoin users, but transaction costs have risen over the last year.
Tron has become cheaper to use after the crypto network’s community of token holders voted to slash fees by 60%, according to the blockchain’s founder Justin Sun.
Writing on X overnight, billionaire crypto entrepreneur Sun—who has a number of digital asset ventures—said the proposal would ultimately benefit users. The change took effect Friday, per the time noted in Sun’s post.
Tron is the blockchain behind TRX, the 10th biggest digital coin by total value, which has a current market cap of $31.9 billion. The Tron network is popular in particular with stablecoin users.
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Author: Mathew Di Salvo
