A recent report from analytics firm CryptoQuant has revealed a significant drop in the daily revenues of block producers on the Tron network. This change has arisen from a reduction in network fees.
Sharp Revenue Decline
Data indicates that the total daily fees collected by Tron’s Super Representatives fell to $5 million on September 7, marking the lowest point in over a year. This represents a 64% decrease within just 10 days, dropping from $13.9 million prior to the adjustment.
Fee Reduction Proposal
The revenue decline can be linked to Proposal #789, which reduced the energy unit price on the network from 210 sun to 100 sun. Consequently, gas fees for transactions on Tron have decreased by about 60% since the adjustment took effect on August 29.
Balancing Growth and Revenue
Community member GrothenDI, who submitted the proposal, argued that the cut would improve Tron’s appeal to users and ensure the sustainable development of its ecosystem. Despite the sharp revenue decline, Tron continues to dominate transaction-based income among major layer-1 blockchains.
The recent changes in Tron’s fee policy raise questions about the future revenues of block producers and potential risks of centralization, yet may also contribute to increased transaction volumes.
