The Tron network has undergone significant changes in its fee structure, impacting the revenue of Super Representatives. The new energy price mechanism has lowered fees, yet Tron remains the leader among layer-one blockchains.
Changes in Fee Mechanism
The activation of Proposal #789 on August 29 led to a decrease in the energy price per unit from 210 to 100 sun. This change allowed Tron network users to experience an average gas fee reduction of about 60%.
Economic Impact on the Network
According to CryptoQuant, Super Representatives' daily earnings fell by 64%, totaling $5 million on September 7, down from $13.9 million ten days earlier. Despite this decrease, Tron still accounted for 92.8% of the total layer-one blockchain revenue last week.
Current Trading Metrics of TRX
Currently, TRON (TRX) is trading at $0.3493, reflecting a 6.15% increase over the past week. The market capitalization stands at $33.05 billion, while the 24-hour trading volume is approximately $715 million.
The adjustments to Tron's fee mechanism highlight the network's commitment to enhancing accessibility, yet Tron continues to hold its leading position in revenue generation.
