Tron Network Implements Major Fee Reduction, Promises Long-Term Benefits

The Tron network just made a significant move with a 60% reduction in transaction fees, announced by its founder, Justin Sun. This is the largest fee reduction since the network’s launch and will go into effect on Friday, August 29th at 8 PM UTC+8. Sun believes this cut will attract more users and transactions to the network in the long run while acknowledging it may affect short-term profitability but ultimately benefits the platform.