TRON price steady at $0.34 as community approves 60% fee cut

TRON price is holding steady at $0.34 after its community approved a sweeping 60% fee reduction, the largest in the network’s history.

TRON (TRX) is trading at $0.3429, down 1.8% in the last 24 hours and extending its 30-day decline to nearly 4%. The token is also down about 20% from its Dec. 2024 all-time high. Still, TRON has found support at the $0.34 level as its community pushes through a landmark proposal.

TRON approves biggest fee cut in network history

On Aug. 26, TRON’s Super Representative community voted to reduce network fees by 60%, the largest cut since the project’s launch. Founder Justin Sun confirmed on X that the proposal passed and will take effect on Friday, Aug. 29, at 20:00 (GMT+8).

Sun noted that lower fees will eventually result in higher user adoption and transaction volumes, even though short-term profitability may decrease. The community also agreed to review fee levels every three months to strike a balance between competition and sustainability.

The timing is notable. With over 3 million transactions processed daily and a throughput of over 2,000 transactions per second, TRON remains the market leader in stablecoins, particularly Tether (USDT), which makes up over 99% of its stablecoin activity. Analysts believe that lower fees could reinforce this advantage, especially for high-volume use cases.

Why the fee cut matters for TRX

Lower transaction costs have previously encouraged chain adoption. When Solana (SOL) reduced fees by 300%, the network experienced a dramatic DeFi-driven spike 

If TRON continues on this path, its market share of $80 billion USDT, as per DefiLlama data, may grow even more. This could lead to increased TRX burns and revenue.

TRON price technical analysis

With the relative strength index at 48, TRX is trading in a neutral zone, indicating neither overbought nor oversold conditions. Short-term indicators, however, are bearish. The 10- and 20-day moving averages point downwards, and the MACD displays a sell signal.

Support at $0.34 is still crucial. A break below might allow entry into the $0.33 area, which is in line with the SMA and 50-day EMA, both of which are serving as powerful supports. On the upside, TRX faces stiff resistance at $0.36. The $0.37–$0.38 range might be retested if there is a clear move above this level.

For now, TRX is consolidating, with momentum muted and oscillators showing mostly neutral signals. Traders will keep an eye on whether the fee cut generates fresh demand, which might cause the token to move back toward a bullish configuration.