The decentralized financial ecosystem on TRON is thriving, creating intense competition for liquidity and attracting users. TRON affirms its position as one of the major platforms in DeFi with platforms like SunSwap, stUSDT, and JustLend.
Users are actively switching between versions of SunSwap, from V1 to V2 and V3, keeping the total TVL of the ecosystem stable. However, stUSDT is struggling to maintain competitive yields and the stability of the token.
JustLend dominates with a TVL of 5.678 billion USD, demonstrating stability and user confidence in borrowing and lending. In contrast, stUSDT has sharply decreased from 200 million USD to 59.36 million USD, reflecting a decline in confidence in stUSDT as a reliable liquidity provider.