Justin Sun said that Tron (TRX) is about to debut Gas Free feature for Tether’s USDT transactions amid a surge in gas fees.
By Parth Dubey
Edited by Marco T. Lanz
Updated
2 mins read
The blockchain-based operating system Tron is once again the talk of the crypto town with the upcoming Gas Free feature, allowing commission-free transactions for Tether’s USDT $1.00 24h volatility: 0.0% Market cap: $144.13 B Vol. 24h: $35.85 B stablecoin on its blockchain. This move, announced by Tron’s founder Justin Sun, is expected to enhance the network’s usability by eliminating the need for TRX TRX $0.23 24h volatility: 0.6% Market cap: $22.17 B Vol. 24h: $542.97 M tokens to cover transaction fees.
Tron's Gas Free feature supporting USDT gas payments without the need for TRX will launch within the next week. Teams and wallets wishing to support this feature, please contact [email protected]. Keep Building!
— H.E. Justin Sun 🍌 (@justinsuntron) February 25, 2025
However, despite this major announcement from the crypto entrepreneur, the price of TRX crashed more than 7% in the past 24 hours. At the time of writing, the altcoin is trading at $0.2305, marginally down below its 20-day exponential moving average (EMA) at $0.2389. With a market cap of $19.84 billion, TRX has successfully retained its position in the top 10 cryptocurrencies by valuation.
Tron’s Gas Free feature for USDT will launch within the next week. This update will enable users to conduct USDT transactions without holding TRX for gas fees – a major shift from the current structure. The feature aims to restore Tron’s reputation as a low-cost blockchain for stablecoin transfers, after recent price hikes made it one of the more expensive networks for USDT transactions.
Tether’s GasFeesNow page shows that Tron has the highest fees ($3.22-$6.54) among all other supported blockchains, including Ethereum ($0.3087), BNB ($0.0922), Polygon ($0.003), Solana ($0.001-$0.009), and TON ($0.0495), among other networks. The page also adds that TRC-20 transfers require wallets to have “energy” and “bandwidth”, making gas fee calculations “tricky”.
It is important to note that the Gas Free innovation will not be limited to Tron alone. According to crypto analyst Zola Christian, the feature is set to expand to Ethereum and other EVM-compatible public chains, further increasing its impact. Sun has also encouraged wallets and blockchain developers to reach out and integrate the feature.
As per the daily chart provided by TradingView below, the Relative Strength Index (RSI) is currently at 43.73, which indicates that TRX is nearing oversold conditions. The gradient of the RSI line suggests that lower prices are likely. However, the situation could turn bullish if Tron successfully reclaims the 20-day EMA with strong volumes.
The MACD (Moving Average Convergence Divergence) indicator shows that the MACD line (blue) is touching the signal line (orange), hinting at increasing bearish pressure. While a bearish crossover hasn’t been confirmed yet, sluggish movement can be expected from TRX until the 20-day EMA is reclaimed.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
