The developers of the TON blockchain, part of the Open Network, have recently announced a significant reduction in transaction fees by 2.5 times, effectively lowering the cost of utilizing the network.

The adjustment in TON network fees, decreased by 2.5 times universally, is a proactive response to the recent growth of $TON. This initiative is geared towards improving the scalability and accessibility of the #TON network, showcasing TON’s unwavering commitment to innovation and fostering increased engagement within the TON community.

Toncoin transaction fees are now dynamically structured based on the dollar value, setting the initial transactions at \(0.06 per Toncoin and subsequent ones at \)0.04 per Toncoin. Conversely, USDT transactions have been enjoying discounted rates since April 16.

Furthermore, the development team is strategizing to directly embed popular C++ smart contracts into nodes, a move aimed at reducing resource consumption and the accompanying fees. Despite these advancements, the value of Toncoin experienced a decline of 11%, dropping from \(7.65 to \)5.50 on April 11.

This downward trend persisted, registering an additional decrease of nearly 10% following the announcements concerning the support for USDT and the upcoming implementations such as gas-free transactions, Wallet 5.0 enhancements, and the introduction of Teleport cross-chain technology.

Speculations surrounding reduced user expenses emerged on April 16, amplifying the excitement surrounding the ongoing advancements within the TON ecosystem.

In a related development, there have been reports of scammers targeting Toncoin amidst the widespread anticipation surrounding the Telegram-TON partnership.