Tron Considers Fee Cuts and Energy Cap Increase Amid Memecoin Boom

Justin Sun is contemplating lowering transaction fees on the TRON blockchain to capitalize on the growing excitement around SunPump, a new platform generating meme coins on the network.

This initiative aims to drive up daily transactions and enhance TRON’s market presence.

Sun’s proposal includes reducing fees and increasing the blockchain’s energy cap, which he believes could push daily transactions to over 20 million within the next three months.

He also anticipates that these changes will expand TRON’s market share and improve profitability. Additionally, Sun plans to direct a portion of TRON’s revenue into transaction subsidies and staking rewards, forecasting the blockchain could generate between $3 billion and $4 billion in revenue over the next year.

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Recent data shows that TRON is performing strongly, with a record revenue of $5.33 million, surpassing other blockchains in terms of fees and revenue. SunPump, the platform responsible for creating a large number of new tokens, has outperformed similar platforms on Solana in terms of revenue and token issuance.

Despite these promising developments, some skepticism remains. Critics point to Sun’s controversial history and express concerns that the current enthusiasm for TRON’s meme coins might be driven by Sun himself, raising questions about the long-term sustainability of the hype.

Alexander Stefanov