This article is in English.
As the price of TRX has recently risen, many crypto enthusiasts have begun to complain that TRC20 transaction fees are approaching those of ERC20. Today, we will explore some aspects related to TRC20 transaction fees.
Currently, transfers on the TRON network are divided into popular contracts and non-popular contracts. Popular contracts have higher fees, and our commonly used USDT contract is among the most popular, which means the fees are doubled. For more details on the underlying principles of popular contracts, you can refer to the official explanation.
The core concept here is “TRON energy,” also known as “trx energy” or “tron energy.” The TRX we burn is converted into energy. Let’s take a closer look at aspects related to this energy.
Currently, the transaction fees for transferring USDT are as follows:
We can easily obtain the fees mentioned above from transaction records, but what is behind these fees? Let’s look at the details in the block explorer.
Here, the concept of energy is introduced. In simple terms, calling a smart contract requires energy. For a more detailed explanation, see the official documentation.
So, if an account has energy, does it no longer need to burn TRX? The answer is yes:
Since having energy means you don’t have to burn TRX, how can you obtain energy? We introduce two methods:
Self-staking is an official method to obtain energy. Details can be found here. Most wallets supporting TRON should support this operation. Here, we use the block explorer as an example to understand the staking process.
Complete the above operation, and your account will have energy. Try transferring again.
Pros and Cons of This Method:
During the staking operation mentioned above, we mentioned “Rent Energy,” which is an entry provided by TRON. The official also provides energy leasing services. Although it is cheaper than directly burning TRX, if there is a more affordable and stable option, why not use it? Here, we recommend using the energy service from ITRX.io.
For example, renting 32,000 energy on ITRX.io currently costs only 3.12 TRX (price may fluctuate based on market demand), saving about 13 TRX in burning fees.
The price of energy is not fixed. It can increase when demand is high and decrease when demand is low because the total energy and bandwidth of the TRON network are fixed, representing the maximum data that can be processed on the network. As more people stake, the proportion obtained decreases, explaining why the energy you get from staking changes daily.