In a bid to boost network and meme coin trading activity, TRON (TRX) approved Thursday a 50% reduction in its transaction fees as its founder Justin Sun predicted TRX to join the world’s top three cryptocurrencies by 2027.
According to the local media reports, the TRON founder made a bold claim that TRX will soon become Solana Killer to join the world’s top three crypto projects in the next three years. The bold prediction followed hours after TRON’s Super Representatives approved a massive 50% reduction in transaction fees, thereby making it one of the most affordable blockchains for meme coin trading and transactions.
As per the details, the latest TRON developments are aimed at strengthening its network, attracting more traders and users, and continuing to rise in stature in the world of digital assets. As TRON sets itself on a long-term path of growth and increased adoption in the world of meme coins and stablecoins, the latest two developments are already making everyone turn their heads.
TRON Slashes Transaction Fees to Accelerate Network Growth
In an unexpected yet bold move, TRON’s Super Representatives approved to slash the network’s transaction fees by 50% on Thursday. The move is designed to turn TRX into one of the most sought after blockchain projects for meme coin and stablecoin transactions.
The announcement also targets to enhance TRON’s ecosystem, which is already one of the most popular ones in the crypto space. With its fee reduction, TRON aims to entice content creators, gamers, traders, developers, and investors, who previously might have been reluctant to use TRX for transactions due to the higher costs on other blockchains. With reduced fees, TRON is on course to increase user engagement besides driving adoption across a wider range of decentralized applications.
According to the TRON’s announcement, the slashed fee structure was expected to take effect within the couple of hours of the Super Representatives’ vote. TRON founder Justin Sun hopes the move will result in a drastic improvement in network activity. In a tweet on social media micro blogging website X on Thursday, Justin Sun highlighted how the latest TRX fee reduction will improve user experience, especially for meme coin traders, and fortify TRON’s position as one of the leading blockchain platforms.
“By slashing transaction fees, we’re making TRON more accessible to everyone, from traders to content creators, and we expect this to lead to higher levels of network activity and adoption,” Sun mentioned.
TRON On Its Way to Enhance Platform
The decision to cut transaction fee is part of a consistent strategy to enhance TRON’s platform. Earlier this year, TRON’s popular stablecoin, USDD achieved a major milestone when it went past $1 million in market capitalization. Moreover, TRON also joined forces with BitTorrent to roll out the BitTorrent Chain to further expand its ecosystem’s wings in Asian markets.
Apart from that, TRON has also been on course to decentralize the web by empowering content creators and providing an open-source platform for innovation. Now, the lethal combination of drastically lower transaction fees, growing partnerships, and new stablecoin initiatives is paving the way for TRON to join the top crypto projects in the world.
Why Justin Sun Believes TRON is a Solana Killer?
As if the fee reduction wasn’t enough to make headlines, TRON’s founder, Justin Sun, further upped the excitement with his bold claim and prediction. In an interview with Altcoin Daily, Justin Sun claimed that TRON will overtake Solana (SOL) to become one of the top three cryptocurrencies by 2027.
Justin Sun told Altcoin Daily that TRON’s key strength was stemmed in its deep liquidity, especially in the stablecoin arena. He proudly highlighted that TRON’s stablecoin supply is much above $60 billion, giving it a major competitive edge over Solana, whose stablecoin supply hovers around $1 billion.
He stated, “TRON has the largest stablecoin supply on the blockchain, which provides significant liquidity for traders, especially in the meme coin space.” He went on to say that various projects have recently migrated from Solana to TRON due to its impressive liquidity and faster transaction speed.
“I think we will definitely become the go-to platform for meme coins,” Sun claimed, adding, “And with our liquidity advantage, I believe TRON will become one of the top three cryptocurrencies in the next two years.”
The Final Word
TRON’s Super Representatives announced to cut TRX transaction fee in half to attract a broader crypto community to its network. Justin Sun waited no time in highlighting how recent developments have turned TRON into a game-changer in many ways. A clear focus on user adoption, innovation, and liquidity, Sun predicts TRON to beat Solana and join the world’s three best Cryptocurrency projects in the next three years.
According to the data provided by CoinMarketCap, TRON was seen trading at $0.1516 at 0940 EST on Thursday, up by 1.24% in the last 24 hours. While the world waits to see how Justin Sun’s prediction unfolds, the reduced transaction fee is set to lure a major chunk of crypto enthusiasts to TRX. Stay tuned to the latest updates and developments about TRON with TheBITJournal.
