According to CryptoQuant, on September 7, the network’s daily fee Tron for block producers, known as super representatives, fell to $5 million, the lowest in more than a year. That’s down 64% from $10 million 13,9 days ago, before the lower fees were introduced.
Average gas commission in Tron fell by 60% after the network implemented a proposal to reduce the price per unit of energy from 210 sun to 100 sun. Gas fees are fees charged for transactions on the network. Tron, measured in the smallest unit sun.
Proposal Tron #789, titled “Transaction Fee Reduction,” was passed on August 29th after a vote by the Super Representative community.
The proposal was made by community member GrothenDI, who argued that lowering transaction fees would “ensure the sustainable and healthy development of the ecosystem.” Tron» GrothenDI estimates that reducing the gas fee from 210 to 100 sun could lead to an additional 12 million potential transfers from users. One TRON (TRX) is equal to 1 million sun, the smallest divisible part of TRX.
Although Proposition 789 reduced the gas fee in Tron, Block remains the top revenue earner among Tier 1 chains, according to data Token Terminal.
Over the past seven days, the share Tron accounted for 92,8% of total revenue among Tier XNUMX networks, ahead of Ethereum, Solana, BNB Chain and Avalanche. Over the last 90 days, transaction fees in Tron amounted to $1,1 billion.