Tron's decision to lower transaction costs quickly reduced the daily income generated by its block producers. In 10 days after changing costs, income fell sharply, according to recent on-chain data.
In short
- The reduction in tron gas fees has decreased daily income by 64 %, falling to $ 5 million, the lowest for more than a year.
- Proposal #789 lowered the unit energy price from 210 Sun to 100 Sun, reducing transaction costs by 60 %.
- Despite the reduction in costs, Tron captured 92.8 % of the revenues of layer 1 blockchains in the last week.
Daily income drops after proposal #789
The daily total costs of the Tron network fell to $ 5 million on September 7, according to cryptocurrency. It was the lowest level in more than a year. Just before the adjustment, on August 28, daily income amounted to $ 13.9 million.
The reduction followed the approval of the Tron #789 proposal, which became active on August 29. The proposal was supported by the community of super representatives. It lowered the unit energy price from 210 Sun to 100 Sun.
Average gas costs dropped by 60 % after the change. The gas costs on the Tron network are measured in Sun, the smallest divisible unit of TRX. A TRX is equivalent to a million Sun. The new cost model has therefore reduced the cost of each transaction on the network.
Community argument for lower transaction costs
Grothendi proposed this modification in August, aimed at creating more user activity on a tron. “” “This change will guarantee the sustainable and healthy development of the Tron ecosystem,“Said the proposal.
Adjustment was to encourage new transactions by making transfers less expensive for users. Grothendi estimated that the lower costs could allow 12 million additional transfers to the network. This would generate a new activity compensating for the drop in income from costs.
The super representatives, who validate and produce the blocks on a tron, felt the direct effect of income reduction. However, the drop in fees was designed to support the long -term growth of the ecosystem by attracting more users. This movement also aimed to make a core more competitive in the face of other blockchains.
Tron maintains his advance in blockchain income
Even with reduced costs, Tron remains the first layer 1 network in terms of income. Terminal token data show that during the last seven days, Tron captured 92.8 % of total income among layer 1 blockchains.
In the last 90 days, the costs generated on Tron reached $ 1.1 billion. This placed Tron long before Ethereum, Solana, BNB Chain and Avalanche over the same period. Ethereum remains in the lead over a longer period, with $ 13 billion in revenue over the last five years against 6.3 billion for Tron.
The data shows the high position of Tron despite the drop in daily income from gas costs. The network continues to manage large volumes of transactions which keep it at the top of its competitors. The long -term effect of this reduction in costs will depend on if an increased user activity compensates for the reduction in the rate of costs.
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