The decentralized finance ecosystem on TRON continues to grow, intensifying competition for liquidity and user engagement. The TRON blockchain solidifies its role as a major player in decentralized finance, with platforms like SunSwap, stUSDT, and JustLend driving the narrative.
Users actively migrate between SunSwap’s versions, transitioning from V1 to V2 and V3. This migration keeps the ecosystem’s overall TVL stable, showcasing confidence in the platform’s ongoing evolution. However, stUSDT struggles to maintain competitive yields and token stability in the fast-paced DeFi environment.
The TVL trend strongly favors JustLend, which dominates the ecosystem with consistent growth, reaching $5.678B in TVL. Its stability demonstrates a robust user base and trust in the platform for borrowing and lending. In contrast, stUSDT experienced a sharp decline from $200M to $59.36M, likely caused by a price drop and reduced incentives. This decrease reflects waning confidence in stUSDT as a reliable liquidity provider
Written by ShivenMoodley
