TRON Community Raises Network Energy Cap to 120 Billion, TRX Rallies

Author: Nidhi Kolhapur

Nidhi Kolhapur

Author

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Aug 26, 2024 11:28

The TRON community has successfully raised the network’s energy cap to 120 billion in the backdrop of the SunPump frenzy last week. This development is expected to boost transactions for TRX stakers, lower gas fees, and enhance overall network activity. Tron founder Justin Sun shared that he’s impressed by the TRON community’s execution. The TRX price has surged by 22% over the past week, reclaiming the 10th spot. Notably, Justin Sun predicts a further surge in the meme projects launching within the Tron ecosystem.