The post Tron Bets Big on User Growth with 60% Gas Fee Reduction appeared on BitcoinEthereumNews.com. Tron’s daily revenue dropped from $13.9M to $5M after Proposal #789 fee cut. Gas fee reduced to 100 sun per unit, aiming for higher network adoption. Tron blockchain introduced a significant gas fee cut that had a significant effect on network income in less than ten days. The daily revenue of the layer-1 network dropped to $5 million compared to the previous $13.9 million, which is a significant drop of 64%. Even with this notable decline, Tron continues to be the most popular revenue generator of major blockchain networks. The decline in revenue is due to Proposal #789, which lowered the price of the units of energy to 100 sun instead of 210 sun. This was a strategic move to increase the network adoption by making transactions affordable to the users. The proposal was championed by community member GrothenDI, who believed that the reduced rates would promote sustainable development of the ecosystem. Market Leadership Despite Revenue Decline Even after a successful implementation of the fee reduction strategy, Tron remains on top of blockchain revenue metrics. In the last week, Tron has secured a significant share of 92.8% of all the revenue of all layer-1 networks. This impressive market share is even higher than such giants as Ethereum, Solana, BNB Chain, and Avalanche. The network is estimated to have made about $1.1 billion in transaction fees in the last three months itself. These numbers show that Tron has a strong transaction volume and user base even after the recent pricing changes. The reduction fee plan seems to be meant to focus on long-term growth rather than maximizing revenue in the short term. The analysis of CryptoQuant shows that the lowest point of daily revenue was reached on September 7th in more than a year. But the supporters of the proposal think… The post Tron Bets Big on User Growth with 60% Gas Fee Reduction appeared on BitcoinEthereumNews.com. Tron’s daily revenue dropped from $13.9M to $5M after Proposal #789 fee cut. Gas fee reduced to 100 sun per unit, aiming for higher network adoption. Tron blockchain introduced a significant gas fee cut that had a significant effect on network income in less than ten days. The daily revenue of the layer-1 network dropped to $5 million compared to the previous $13.9 million, which is a significant drop of 64%. Even with this notable decline, Tron continues to be the most popular revenue generator of major blockchain networks. The decline in revenue is due to Proposal #789, which lowered the price of the units of energy to 100 sun instead of 210 sun. This was a strategic move to increase the network adoption by making transactions affordable to the users. The proposal was championed by community member GrothenDI, who believed that the reduced rates would promote sustainable development of the ecosystem. Market Leadership Despite Revenue Decline Even after a successful implementation of the fee reduction strategy, Tron remains on top of blockchain revenue metrics. In the last week, Tron has secured a significant share of 92.8% of all the revenue of all layer-1 networks. This impressive market share is even higher than such giants as Ethereum, Solana, BNB Chain, and Avalanche. The network is estimated to have made about $1.1 billion in transaction fees in the last three months itself. These numbers show that Tron has a strong transaction volume and user base even after the recent pricing changes. The reduction fee plan seems to be meant to focus on long-term growth rather than maximizing revenue in the short term. The analysis of CryptoQuant shows that the lowest point of daily revenue was reached on September 7th in more than a year. But the supporters of the proposal think…