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.
READ MORE:
Binance Introduces 75x Leverage Futures for New AltcoinRecent 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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
FBI seizes Polymarket CEO’s phone and electronics: report
French fast-food chain Furahaa Group to list FURA tokens on INX Platform
SEC Chair Gary Gensler Gives First Sign He May Resign – Has He Made His Final Announcement?
SEC Chairman Gary Gensler, who is disliked by the cryptocurrency world, gave the first signal that he may resign.
BREAKING: 18 States in the US Sue the SEC and Chair Gary Gensler for Cryptocurrency Actions