TON cuts transaction fees 6× to boost network use and compete in DeFi space

Toncoin (TON) founder Pavel Durov announced a 6× reduction in transaction fees to 0.00039 TON, fixed regardless of network load. This move aims to stabilize transaction costs, encouraging more network activity and token burns, which could tighten token supply. The fee cut aligns with improving DeFi market sentiment and regulatory support like the CLARITY Act, positioning TON to better compete with major Layer 1 blockchains like Ethereum. While TON's DeFi liquidity and TVL remain lower than Ethereum's, the fee cut could accelerate TON's growth and integration into traditional finance, especially with recent adoption in Belarusian banking.