In recent months, TRX, the native cryptocurrency of the TRON blockchain, has experienced a significant price surge, rising from around $0.12 in early August to $0.16 in September—a growth of approximately 30%. While the increase in TRX's price has been beneficial for investors, it has also created challenges for users relying on the TRON network to transfer stablecoins like USDT (Tether) using the TRC20 standard.

One of the most significant side effects of this price increase is the spike in transaction fees, particularly related to the network's energy cost, which has more than doubled. For users regularly transferring USDT via TRC20, the situation has become costly.

On the TRON network, each USDT transfer using TRC20 requires around 31,000–33,000 units of energy. To obtain this energy, users typically stake TRX tokens. With TRX now priced at $0.16, you would need to stake approximately 6,000 TRX—equivalent to $960—to cover just one USDT transaction. Previously, the same amount of energy cost far less, meaning the cost of transferring USDT has soared by over 200%.

In this blog post, we'll explore the issue and present three ways users can navigate the rising costs of TRX.

1. Buying More TRX at Higher Prices

The most straightforward but often least appealing option is to purchase more TRX to cover the rising costs. Given the increase in the price of TRX, users would now need to buy and stake a significant amount of TRX to generate enough energy for their transactions.

While this option ensures users have the required energy for transactions, it also locks up a substantial amount of capital in TRX, which may not be feasible or desirable for everyone. Additionally, with TRX prices likely to fluctuate, this approach carries risks in terms of volatility.

2. Using the Energy Exchange Market

Another alternative is to participate in the energy exchange market, where users who have staked TRX can sell their excess energy to others in need. This option allows users to avoid staking large amounts of TRX themselves, instead purchasing the required energy from the market. However, this is a free market, and the price of energy can vary significantly depending on supply and demand. The fluctuations mean prices can rise further, making this option less predictable in the long term.

3. Renting Energy from Direct Providers

The third and most cost-effective solution is to rent energy from direct providers. These providers specialize in renting out energy to users at a fixed rate, making it a more stable and affordable alternative to staking or using the open energy market.

Here's a comparison of four available options based on current rates from different energy providers.

Navigating the Rising Costs

As TRX prices and energy costs continue to rise, transferring USDT via TRC20 has become more expensive, with the cost of a single transaction increasing by over 200%. However, users have options to mitigate these rising costs, each with its pros and cons.

As the TRX price and energy costs fluctuate, it’s crucial for users to evaluate their transaction needs and select the option that best suits their budget and frequency of transfers. Whether you're a regular user of the TRON network or someone who transfers USDT occasionally, these strategies can help you navigate the rising costs effectively.

If you're looking for a hassle-free, predictable way to save on TRC20-USDT transfers, renting energy from CoinsDo is the perfect solution. Contact us to find out more!