polynya
@polynya
A common misconception is "people use Tron because it's cheap" - this is false. Rn, if I pull up the latest USDT transfers, Ethereum L1 costs $0.52 while Tron costs $1.24 (links posted in the next cast). Now, there's some nuance to this, as Tron also has a bandwidth-based system, but the cumulative fees... (contd.)
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polynya
@polynya
...still amount to a significant amount because Tron fees are so high. It's likely pure network effects. Explorer links: https://tronscan.org/#/transaction/086a53a4d15e733b7b594a62406d83b04eec75c2ef1e2458750c669ee72524c8 https://etherscan.io/tx/0x92c72c47326982a8538983ec5632edd82e956f40156f70c918a87ee470511c21
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Data Always
@dataalways
En masse though, Tron is doing ~$1.2 million/day in fees on 5 million transactions, so about $0.25/transfer. Ethereum is pretty close in fees but 1 million tx only, so about 5x cheaper to use Tron (obviously more nuace with use cases). Doesn't Tron have some sort of subsidies too? Been a while since I've looked at it.
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