Tron’s founder and top crypto figure Justin Sun announced earlier today that the Tron Super Representatives approved a 60% fees cut for the network. As per reports, this will mark the largest fee cut for the network since its inception in 2017. 

This move to cut network fees comes as the network stands at a crucial juncture of growth. By cutting fees, the network could attract more users further boosting the price of TRX – Tron network’s native token. 

Tron Network to Reduce Fees by 60% 

As confirmed by Justin Sun in a post on X, the Tron Super Representatives voted in a new proposal to reduce the network fees by 60%. The Tron founder further confirmed that the fee cut will start at 20:00 (GMT+8) on August 29 (later tonight). 

On August 26, 2025, the Tron Super Representative community proposed to reduce Tron network fees by 60%. This is the largest fee reduction since the founding of the Tron network. The proposal has already passed and will take effect at 20:00 (GMT+8) this Friday!

Here’s my view on…

— H.E. Justin Sun 👨‍🚀 🌞 (@justinsuntron) August 29, 2025

While the fee cut will affect the network’s profitability, it shows strong commitment and user-centric approach by Tron. However, Justin Sun noted that the drop in profitability will only be temporary since the lower fees will attract more network users and transactions. 

“In the short term, Tron’s profitability will be affected, since network fees are directly reduced by 60%…However, in the long run, profitability will improve as more users and more transactions take place on the Tron network,” Sun noted. 

He further added that Tron’s Super Representatives community will be conducting quarterly reviews of the network fees dynamics moving forward. This will require proper consideration of the price of TRX and network activity, to ensure a balance between profitability and competitiveness of the network. 

Network Growth Picks up Pace

According to recent data, the Tron network has been experiencing immense growth lately. The network is surging on key metrics including active addresses, fees, transactions per day and contracts deployed daily. 

A post by Nansen shows that the network recorded $14.37 million in fees over the past week, 2.4 million daily active addresses, 8 – 9 million transactions per day and 3,000 – 5,000 contracts deployed every day. 

Nansen further noted that “you can fade Tron, but you can’t ignore the output.” With the network growing fast, this growth could reflect on the price of TRX, soon. 

Furthermore, besides network growth, the Tron DAO recently announced a strategic partnership between Everclear, a crosschain clearing and settlement protocol and the Tron network. Through this partnership, the Tron network will facilitate the settlement of firm’s on-chain transactions, without the need for centralized exchanges (CEXs) or fragmented routes. 

With this partnership set to solve liquidity fragmentation for any dApps building on Tron’s DeFi ecosystem, TRX could serve as the ultimate beneficiary. At the moment, Tron (TRX) coin is priced at $0.3373 down by 1.64% over the last 24 hours, per data by CoinMarketCap.