Tron Blockchain Proposal Aims to Reduce Transaction Fees Amid Growing Adoption
According to Cointelegraph, a proposal on GitHub to adjust the Tron blockchain's fee structure is gaining momentum as the voting deadline approaches this Friday. The initiative, which seeks to align with broader adoption goals, highlights the network stakeholders' focus on enhancing accessibility, even if it risks introducing net inflation in the TRX supply. The proposal, titled 'Decrease the transaction fees' (Issue #789), was submitted on August 8 by GitHub user GrothenDI in the Tron Improvement Proposals repository. It suggests reducing the energy unit price from 210 sun to 100 sun, effectively halving the transaction costs that consume energy. One TRON (TRX) token is equivalent to 1,000,000 sun, the smallest divisible unit of TRX, akin to a satoshi for Bitcoin (BTC). If approved, this change is expected to enhance user accessibility by lowering the TRX required per transaction. Estimates indicate that this adjustment could make the network more affordable for nearly 45% more users, particularly for high-volume use cases such as stablecoin transfers. The proposer referenced historical precedent, noting that following Proposal #95, which reduced energy costs by 50% in 2024, the network experienced a significant increase in new smart contract deployments, suggesting a strong link between lower fees and ecosystem growth.
However, the update carries potential risks. At the current rate of 210 sun per energy unit, Tron achieves a net burn of approximately 76 million TRX. Reducing the rate to 100 sun could reverse this trend, resulting in net inflation unless transaction activity increases sufficiently to offset the lower burn rate. Voting on the proposal began on Tuesday and will conclude on Friday. It was published on the Tron Blockchain Explorer as Proposal #104. As of Wednesday, it had garnered 17 votes in favor, including support from Chain Cloud, CryptoChain, Nansen, HTX.com, P2P.org, and Tron Alliance, while 10 participants had yet to cast their votes. At this pace, the proposal appears likely to pass. Under Tron's governance rules, a proposal must be approved by at least 18 of the 27 Super Representatives, who are the elected block producers responsible for generating blocks and validating transactions on the network. Launched in 2017, Tron is one of the few blockchains to have expanded its presence across multiple market cycles. It is currently the ninth-largest blockchain by market capitalization, valued at $33.1 billion, according to CoinMarketCap. The network has also established a significant foothold in the stablecoin market, with its stablecoin supply increasing by 40% since the start of the year.
