TRON’s transaction fees have been slashed by 60% following a successful community vote, marking the largest fee reduction in the network’s history.

The fee cut went into effect after TRON’s Super Representatives approved a proposal on Friday aimed at lowering the energy cost for transactions from 210 sun to 100 sun per unit.

This story is an excerpt from the Unchained Daily newsletter.

The cost to transfer stablecoins like USDT on TRON has dropped significantly, with USDT transfer fees dropping from $2.47 to around $0.72.

TRON founder Justin Sun noted that the fee cut would impact the network’s profitability in the short term, but said that it would improve as more users and more transactions take place.

TRON has a market share of 28% of the $283 billion stablecoins locked across blockchains, according to DeFiLlama.