Tron Network Set for Major Transformation, According to Justin Sun

Justin Sun, the founder of Tron (TRX) and a prominent figure in the cryptocurrency world, has announced upcoming major changes to the Tron network.

These changes aim to lower fees and enhance transaction throughput.

Starting next week, discussions will commence on plans to decrease network fees. The proposed updates include a 25% boost in the network’s energy cap, increasing it from 120 billion to 150 billion per day. Additionally, the cost of energy will be reduced by half, from 420 SUN to 210 SUN.

Sun indicated that these changes will improve TRX staking efficiency, enabling users to generate more energy at a lower cost, which will notably reduce operating expenses on the Tron network.

The adjustments are expected to have a substantial effect on the Tron ecosystem, potentially increasing daily transaction volumes by 200%. Currently handling around 7 million transactions daily, the network could rise to 20 million transactions, matching the volume seen on Solana.