Tron (TRX) founder and one of the leading names in the cryptocurrency market, Justin Sun, announced that significant changes will be made to the Tron network aimed at reducing fees and increasing transaction capacity.
Discussions and plans to reduce overall network fees are expected to begin as early as next week, Sun said in a recent statement.
The proposed changes include a 25% increase in the network’s energy cap, from the current 120 billion to 150 billion per day. This increase is designed to increase the network’s capacity, allowing for more transactions per day. In addition, the price per unit of energy will be halved, from 420 SUN to 210 SUN.
According to Sun, these adjustments mean that TRX staking will become more efficient, as users will generate more energy while paying less for it. This is expected to significantly reduce the cost of operating on the Tron network.
Sun also highlighted the overall impact of these changes on the Tron ecosystem, estimating that the total number of daily transactions could increase by 200%. The network, which currently processes around 7 million transactions per day, is projected to process 20 million transactions, bringing the transaction volume seen on the Solana network to the same level.
*This is not investment advice.