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- TRON reduced gas fees by 60%, dropping transaction costs to $0.59.
- Whale transfers now make up 86% of USDT volume on TRON.
- TRON is solidifying its role as the leading stablecoin settlement network.
The TRON (TRX) network implemented a landmark 60% reduction in transaction gas prices on August 29, lowering the energy unit cost from 210 sun to 100 sun, according to CryptoQuant Research. This move brought TRON’s gas price to its lowest level since 2021, aiming to counter the rising on-chain costs driven by TRX’s price appreciation.
Following this adjustment, the average TRON transaction fee fell to $0.59 on September 8 — the lowest since April 2024. However, this relief for users came with a decline in network revenue. Total daily network fees dropped from $13.9 million before the change to $5 million on September 7.
Network Usage Hits New Highs
Despite lower fees, TRON’s network activity continues to surge. On-chain data shows the 100-day moving average of block size has climbed to its highest level since July 2023, a bullish indicator of sustained growth. This expansion suggests an organic rise in usage rather than speculative bursts, highlighting TRON’s strengthening utility.
Meanwhile, TRON has been consistently processing around 11 million transactions daily—close to its historical highs. This underscores robust network demand even as transaction costs drop sharply.
Whale Transactions Dominate TRON Volume
A major factor behind this growth appears to be institutional-scale whale activity. On September 12, analyst Darkfost noted that whale transfers (over $100K) accounted for 86% of USDT volume on TRON. Such activity signals heavy use by large players for stablecoin settlements.
Also Read: Tron TRX Surges as Whales Return and Network Activity Hits Record Highs
TRON’s average USDT transaction size stands at $465 (7-day SMA), far higher than Ethereum’s $117. While Ethereum sees many smaller DeFi-related transactions, TRON has emerged as the preferred stablecoin remittance layer, especially for large-value transfers.
TRON Cements Its Stablecoin Stronghold
With soaring whale activity, rising block sizes, and record transaction counts, TRON appears to be solidifying its position as the backbone of global stablecoin settlements. Its ability to sustain growth while lowering user costs could reinforce market confidence and extend its competitive edge over rival networks like Ethereum.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
