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Tron DAO Slashes Network Fees by 60%, Impacting Monthly Revenue

The reduction in transaction costs is expected to decrease the Tron network's fee revenue by an estimated $28 million per month.

TRX

Summary

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Terms & Concepts
  • Network Fees: Charges paid by users to process transactions on a blockchain. This reduction on the Tron network aims to lower costs for its users.
  • Tron DAO: The decentralized autonomous organization that governs the Tron network, responsible for decisions such as adjusting network fees.