Justin Sun is considering reducing fees on the TRON blockchain amid the ongoing SunPump craze, which involves meme coins built on the network.
SunPump, a platform for token generation, is driving the latest market euphoria. It has propelled TRON meme coins into the crypto spotlight as they challenge Solana’s dominance.
Justin Sun to Lower TRON Blockchain Fees
The Tron founder says lowering fees could boost daily transactions on the TRON blockchain to over 20 million within three months. He believes this move would expand market share and increase profits. Sun is also considering raising the blockchain’s energy cap to encourage more users to stake TRX, TRON’s native token.
“IMO, lowering fees and raising the energy cap won’t hurt TRON’s profitability. The fee cut should drive transactions to 20M+ daily in three months, expanding market share and boosting profits. More energy will also encourage TRX staking for free transfers,” Sun shared.
Sun further expects the TRON blockchain to generate $3 billion to $4 billion in revenue over the next 12 months. Of that, $1 billion would be burned, while $2 billion would be allocated to transaction subsidies and staking rewards.
On Wednesday, Sun reported that TRON’s revenue hit a record $5.33 million, placing it first among all blockchains. According to DefiLlama data, TRON ranks third in fees and revenue, following stablecoin issuers Tether (USDT) and Circle (USDC).
Reports also indicate that the TRON blockchain’s SunPump platform launched 7,351 tokens and generated $585,000 in revenue within 24 hours, surpassing Solana’s pump.fun, which produced 6,701 tokens and $366,000 in revenue during the same period.
Read more: 7 Best Tron Wallets for Storing TRX
Sun’s plans align with the latest market trend — Tron meme coins — with entrepreneur expressing confidence that the hype is sustainable. He attributes this speculation to TRON’s competitive advantages over other networks, including a deep liquidity pool and a rapidly growing user base.
“For me, when it comes to the whole “Why TRON, why SunPumpMeme?” thing, the biggest flex is that $60 billion in TRON USDT. No other blockchain protocol has a liquidity pool this massive. Meme coin platforms live and die by liquidity, and TRON’s got it in spades,” Sun noted.
Due to TRON’s expansive liquidity, Sun expects that developers and traders are eager to invest in new and promising meme coins. The blockchain’s fast and low-cost transactions further enhance its appeal. According to Dune Analytics, nearly 25,200 tokens have been created on TRON’s SunPump platform to date.
Nevertheless, skepticism persists in the market regarding the project, largely due to Justin Sun’s controversial reputation. Some remain wary, suspecting that the token-pumping activity might be driven by Sun himself, given his history in the crypto space.
“Chinese crypto chat channels continue to warn about Justin Sun rug pulling them. This isn’t shocking for anyone who has paid attention to HUSD, USDD, TRX, or any other crap associated with His Little Princess,” one user shared on X.
Read more: What Are Meme Coins?
Sun also has a sour history of interacting with other crypto projects, such as TUSD and Huobi’s USDT reserves. These projects experienced operational and transparency problems, which inspired fears in BitGo’s recent WBTC custody plans.
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