The recent reduction of Tron rates has significantly reduced the income obtained by its block producers, according to a new Cryptoquant report.
Total daily network rates for tron block producers, known as super representatives, fell to $ 5 million on September 7, the lowest level in more than a year. That is a decrease in income of 64% in 10 days, below $ 13.9 million the day before lower rates were implemented.
Ochain data show that the average gas rates in Tron have decreased by 60% after the network implemented a proposal that reduces the unit energy price from 210 Sun to 100 Sun. Gas rates are transaction costs paid on the Tron network, measured in its smallest unit, called Sun.
The proposal of Tron #789, labeled as “reduce transaction rates”, was held live on August 29 after a super representative community vote.
The Grothendi community member issued the proposal in August, arguing that the lowest transaction rates “would guarantee the sustainable and healthy development of the Tron ecosystem.”
Grothendi estimated that reducing gas rates to 100 Sun of 210 Sun could lead to 12 million additional potential transfers of users. A tron (TRX) is equal to 1 million sun, the lowest divisible part of TRX.
Related: Tron Inc. adds $ 110 million in TRX to Treasury, total holdings now higher $ 220m
Tron dominates Blockchain’s income between L1S
Although the proposal #789 reduced gas rates in Tron, the block chain still leads other chains of layer 1 in income, according to Terminal Token data.
In the last seven days, Tron captured 92.8% of the total income between layer 1 networks, ahead of Ethereum, Solana, BNB Chain and Avalanche. The rates generated from transactions in Tron amounted to $ 1.1 billion in the last 90 days.
Ethereum has led the generation of income in the last five years with $ 13 billion, compared to the $ 6.3 billion tron.
Magazine: Ethereum L2s will be interoperable ‘in within months’ – Complete guide
