An in-depth review of mainstream DeFi applications in the TRON ecosystem

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Tron Eco News
2 days ago
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Overview of TRONs mainstream DeFi ecosystem applications: Sun.io, SunPump, JustlendDAO, USDD

With its complete ecosystem, active user base and huge asset scale, TRON has firmly established itself as a core blockchain among mainstream public chains.

Especially in this round of crypto bull market, TRON has achieved amazing results: it is not only the public chain network with the largest issuance of USDT, but also the preferred settlement layer for stablecoins, accounting for about 60% of stablecoin transaction traffic; its monthly revenue in May exceeded US$350 million, making it the second most profitable product in the crypto market, etc.

According to DeFiLlama data, on June 16, the total locked value (TVL) of DeFi applications within the TRON ecosystem reached US$4.84 billion, the number of active addresses was over 2.3 million, and the scale of stablecoin assets approached US$80 billion. Its TVL has long been ranked among the top five in the entire public chain market.

An in-depth review of mainstream DeFi applications in the TRON ecosystem


These impressive statistics not only demonstrate TRON’s solid user base and strong asset strength, but also provide strong evidence of its prosperous ecosystem.

The “three horses” driving data growth: about 200,000+ new addresses per day, assets exceeding 100 trillion, and rich and diverse ecological protocols

Over the past year, TRON’s on-chain data has experienced explosive growth, and its ecosystem is also booming. “More than 200,000 new addresses per day, more than 100 trillion in on-chain assets, and a rich and diverse ecosystem” are the three driving forces behind TRON’s data growth. A series of impressive data results demonstrate TRON’s strong development potential and leading market competitiveness.

In terms of user scale and growth, the user base of the TRON network has been steadily expanding, the total number of accounts on the chain and the number of new addresses have maintained a strong growth momentum , and the user base has become more solid. According to TRONScan browser data, as of June 13, the total number of accounts on the chain has exceeded 313 million, the number of new addresses added daily is more than 200,000, the number of transactions on the chain per day exceeds 8.67 million, and the total daily transfer value of assets is as high as US$25 billion.

An in-depth review of mainstream DeFi applications in the TRON ecosystem It is worth mentioning that the growth trend of TRON on-chain address accounts shows a stable linear trajectory. Looking back to the same day one year ago, the total number of on-chain accounts was about 237 million, and now it has achieved a leapfrog growth of more than 32%, with an average daily number of new accounts of about 210,000. This data not only strongly confirms the continued expansion of the TRON network user base, but also demonstrates the broad appeal and strong market penetration of its ecosystem worldwide, successfully attracting a large number of users around the world and laying a solid foundation for the continued prosperity of the ecosystem.

An in-depth review of mainstream DeFi applications in the TRON ecosystem

In terms of transaction data processing, the TRON network also performed well, with extremely active on-chain transactions, with millions to hundreds of millions of transactions per day, and the average daily on-chain total transfer value remained above $23 billion in the past 30 days. Such large-scale, high-frequency transaction data not only reflects the TRON networks strong ability in capital circulation, but also reflects that its network has relatively stable and secure characteristics.

In terms of asset volume, TRON has also shown strong growth momentum . From the perspective of the total locked value (TVC) of circulating assets on the TRON chain, it has increased by more than 40% this year, and the assets present a diversified ecosystem.

According to TRONScan browser, as of June 13, the total value of assets in circulation (TVC) in the TRON network was approximately 115.5 trillion US dollars, a significant increase of 40% from 82 billion US dollars in the same period last year. Among them, the top three assets in terms of circulation value in the TRON network are USDT (approximately 78.8 billion US dollars), TRX (approximately 25.9 billion US dollars), and WBT (approximately 2.66 billion US dollars), followed by BTC and ETH. In addition, there are WBT, HTX, USDD, BTT, NFT and TUSD, etc., the assets of TRON ecological projects, covering a wide range of fields, jointly building a rich and multi-level value system, which is more diversified.

An in-depth review of mainstream DeFi applications in the TRON ecosystem

The network activity can be seen from the consumption of Gas fee. In the TRON network, the Gas fee mechanism is presented in the form of a combination of Energy and Bandwidth. Users need to consume Gas fee to pay the cost when performing operations such as transfer and withdrawal.

Official browser data shows that in the past year, the scale of energy consumption has surged from the initial 80 billion to 190 billion, an increase of 240%. This surge in data not only directly shows the explosive growth of online transaction activity, but also indirectly confirms that energy consumption is strongly positively correlated with users real transaction needs. The higher the energy demand, the more frequent the transaction activities such as on-chain transfers and contract calls, highlighting the prosperity of the TRON network ecosystem and the depth and breadth of user participation.

An in-depth review of mainstream DeFi applications in the TRON ecosystem

Judging from the distribution of energy consumption accounts, leading cryptocurrency exchanges such as OKX, Bybit, and Binance occupy the top 10 seats. The high-frequency energy consumption directly reflects their deep dependence on and huge demand for the TRON network, highlighting the excellent performance of the TRON network in carrying large-scale commercial applications and its key strategic position as the underlying infrastructure of leading exchanges, becoming a bridge connecting digital asset transactions and Web3 technology.

In terms of ecological development, TRONs ecological applications have covered the trading hub SUN.io, the MEME asset issuance platform SunPump, the lending system JustLend DAO launched by the one-stop DeFi solution JUST, the liquid pledge agreement Staked TRX and energy leasing platform, as well as the stablecoin USDD and other core protocols and products, which have enriched the DeFi ecological development of TRON and provided users with a rich and diverse choice.

As of June 16, the TVL on the TRON chain has exceeded 22 billion US dollars, and has remained stable at around 20 billion US dollars in the past year. Among them, the TVL of TRX Staking has exceeded 11.8 billion US dollars, accounting for the largest proportion; the TVL of JustLend DAO lending is about 5.5 billion US dollars, ranking second; the cross-chain Just Cryptos TVL is 3.3 billion US dollars; the trading platform SUN.io TVL is 700 million US dollars; the stablecoin USDD TVL is 458 million US dollars. These data fully demonstrate the prosperity and vitality of the TRON ecosystem, and indicate its broad development prospects in the future.

An in-depth review of mainstream DeFi applications in the TRON ecosystem

Overview of the mainstream DApps in the TRON ecosystem

1. JUST One-Stop DeFi Solution

JUST focuses on developing DeFi protocols based on TRON and is committed to creating one-stop financial solutions for users. Its product matrix covers JustLendDAO, USDD, sTRX, Energy Rental, JustCrypto, JustStable and other components, which can provide users with a one-stop diversified financial experience and meet the diverse needs of different users in the DeFi field.

According to official data, as of June 16, the total TVL of the JUST protocol was close to approximately US$9.3 billion.

An in-depth review of mainstream DeFi applications in the TRON ecosystem

  • JustLendDAO is the first official lending platform on TRON. Users can not only conduct mortgage lending here, but also deposit idle assets on the platform to earn stable interest and realize flexible asset appreciation.

  • USDD is a fully decentralized stablecoin pegged to the U.S. dollar at a 1:1 ratio. It supports over-collateralized minting by pledging TRX, USDT and other high-quality crypto assets.

  • sTRX (Stake TRX) is a liquidity staking product based on TRON. sTRX provides users with higher returns and more flexible unstaking options, allowing users to flexibly adjust asset allocation according to their own needs while enjoying staking returns.

  • Energy Rental is a unique energy rental platform within the TRON ecosystem, providing energy rental services for different addresses. By leasing energy, on-chain transaction users do not need to directly consume TRX to redeem resources. It is like using an energy coupon, which can significantly reduce the gas fee cost of transaction payments, improve capital utilization efficiency, and make transactions more economical.

  • JustCrypto is a cross-chain token supported by the JUST ecosystem, which enables cross-chain asset tokens such as BTC, ETH, DOGE, LTC to maintain price stability between different networks. Its cross-chain mechanism is provided by high-quality platforms such as Poloniex and BitTorrent Chain.

2. Lending Ecosystem JustLendDAO

JustLend DAO is an efficient and flexible lending service platform based on TRON. Here, users can invest their idle funds and easily earn interest income; at the same time, they can also borrow other crypto assets and cleverly use the leverage effect to amplify investment returns. Borrowers and lenders realize automated operations based on smart contracts. The system will automatically set floating interest rates through algorithms based on the supply and demand of specific assets on JustLend DAO to ensure the dynamic balance and rationality of assets.

Currently, the main lending assets supported by the JustLend platform include TRX, USDT, USDD, SUN, JST, BTC, ETH, TUSD, BTT, etc.

According to DeFiLama data, on June 16, the TVL on the JustLend platform reached approximately US$3.4 billion, ranking among the top three in the entire lending market.

An in-depth review of mainstream DeFi applications in the TRON ecosystem

In addition to the lending product JustLend, JustLend DAO also provides Staked TRX staking and Energy Rental services.

Among them, the Staked TRX service provides users with a convenient staking method. Users can exchange TRX stakes for sTRX with just one click. The staked TRX platform will be used for voting governance and energy leasing, and users can easily obtain staking income just by holding sTRX. As of June 16, the number of TRX staked on the platform has reached 8.166 billion, with more than 4,600 addresses participating in the staking, and the current annualized return is 8.67%.

An in-depth review of mainstream DeFi applications in the TRON ecosystem

However, according to TRONScan on-chain data, on June 16, the number of TRX holding addresses exceeded 182 million, with a market value of more than 25.6 billion US dollars, and the user group holding coins is extremely large. The current staking market penetration rate is only 8.6%, which means that the staking participation rate still has significant growth potential.

An in-depth review of mainstream DeFi applications in the TRON ecosystem

Energy Rental is another thoughtful function provided by JustLend DAO for users. It supports users to directly rent energy and use energy to offset the consumption of Gas fee without burning TRX as Gas fee. This function can help users save on-chain transaction costs. From the data analysis on the TRON chain, it can be seen that the number of user currency addresses and transaction frequency are steadily increasing. The energy rental function can better serve the users of the TRON ecosystem. Data on June 16 showed that the JustLendDAO platform has 37 billion energies available for users to rent, and the number of addresses that have participated in energy rental exceeds 65,000. This data fully reflects the popularity of the energy rental function.

An in-depth review of mainstream DeFi applications in the TRON ecosystem

In addition, in addition to earning interest by providing assets, users on the JustLend DAO platform can also get additional bonus income by storing USDD. USDD is a decentralized stablecoin jointly initiated by GrantsDAO, a sub-DAO of JustLend DAO, and the TRON DAO reserve. In January this year, USDD was upgraded to USDD 2.0. At the same time, JustLendDAO launched the USDD lending service function, and users can earn income by storing USDD, with the current income being about 6%. As of June 16, the fund pool has as much as 264 million USDD.

An in-depth review of mainstream DeFi applications in the TRON ecosystem

3. Decentralized Stablecoin USDD

USDD is a decentralized stablecoin based on TRON TORN. Currently, users can obtain USDD in two ways. One is to mint USDD by over-collateralizing high-quality assets such as TRX, sTRX, USDT; the other is to use the stablecoin exchange tool PSM to directly use USDT to convert into USDD at a 1:1 ratio, and the whole process has 0G AS fee and 0 handling fee.

An in-depth review of mainstream DeFi applications in the TRON ecosystem


According to official data, as of June 16, the total supply of USDD was approximately 430 million.

An in-depth review of mainstream DeFi applications in the TRON ecosystem

At present, USDD has seamlessly connected with DeFi platforms such as JustLend DAO and SUN.io, and has also established close cooperative relationships with compliant exchanges such as Kraken, HTX, Bybit, Gate.io, and Poloniex. On these platforms, users can pledge USDD and earn high returns. This wide range of ecological docking provides a broad space for the circulation and application of USDD, enabling it to better integrate into all aspects of the cryptocurrency market and bring more value and convenience to users.

4. One-stop trading platform SUN.io

SUN.io is a one-stop trading platform based on the TRON public chain, integrating functions such as asset exchange, Meme asset issuance, liquidity mining and DAO governance, aiming to provide efficient and secure asset trading services for the TRON ecosystem.

At present, SUN.ios product function matrix mainly includes the following sections:

  • SunSwap (core trading engine): is a trading platform based on the AMM mechanism. It has undergone three versions of upgrades and iterations: V1, V2, and V3. Current transactions mainly occur in the V3 section.

  • SunCurve and PSM mainly focus on stablecoin asset transactions. PSM has launched a stablecoin swap tool specifically for the stablecoin USDD, which supports users to exchange USDD with stablecoins such as USDT/USDC/TUSD at a fixed ratio of 1:1, with 0 slippage and 0 transaction fees.

  • SunPump is the latest product launched by Sun.io, positioned as the first platform in the TRON ecosystem dedicated to the fair launch of meme coins.

  • SunBoost ( Liquidity Incentive Center): It is the platforms LP staking mining module. Users can stake SunSwaps LP Token to obtain token rewards. It is the core mechanism of liquidity incentives.

  • DAO governance system: Through the veSUN model, users are supported to participate in the governance and incentive allocation decisions of the SUN.i platform, building a community-led governance structure.

From a data perspective, SUN.ios performance is excellent. According to DeFiLlama data, on June 16, the value of crypto assets locked up on the SUN.io platform (TVL) exceeded US$952 million, a figure that has long been among the top three on the TRON network and also ranks among the top six in the entire DEX track.

An in-depth review of mainstream DeFi applications in the TRON ecosystem

At the same time, according to the official browser data of SunScan, SUN.ios trading activity is also outstanding. In the past 7 days, SunSwap has processed about 120,000 transactions with a transaction volume of more than 770 million US dollars. In the past week, the number of active trading addresses on the platform has exceeded 15,000, and the current cumulative number of trading pools exceeds 25,000, covering a wide range of asset structures from stablecoin assets, mainstream assets to Meme long-tail assets, forming a diversified and inclusive financial ecosystem.

An in-depth review of mainstream DeFi applications in the TRON ecosystem

In addition, the SUN platform coin has also shown a good development trend. Its circulation market value is about 341 million US dollars, and more than 500 million tokens have been destroyed. The deflation path is clear, and the token model and the platform value growth have formed a close linkage. With the continuous development and growth of the platform, the value of the SUN platform coin is also expected to continue to increase, bringing more benefits and returns to users.

5. SunPump, the fair distribution platform for MEME assets

SunPump is a fair issuance platform for MEME assets carefully built by Sun.io. Relying on TRONs strong technical infrastructure and huge user base, SunPump quickly became popular after its debut in August 2024, and has long been ranked among the top three in the fiercely competitive MEME issuance track.

In the first month of its launch, SunPump showed amazing explosive power. The number of memes issued in a single day set an amazing record of 7,351, and the daily income was as high as 560,000 US dollars. Its performance once surpassed the industry leader PumpFun.

According to Dune data, as of June 16, the number of tokens created on the SunPump platform has exceeded 98,000, and the number of tokens listed on Sunswap is about 1,850. The cumulative revenue captured since the protocol went online has exceeded 10 million US dollars. This series of impressive data is undoubtedly a strong testimony to the booming development of the SunPump platform.

An in-depth review of mainstream DeFi applications in the TRON ecosystem

In terms of ecological performance, there are currently 4 MEME tokens with a market value of more than 10 million US dollars, such as SUNdog, PePe, etc.

In terms of product functions, the SunPump platform has always been continuously iterating and upgrading around the three core elements of token creation, transaction growth, and community interaction. The platform has launched a series of new functions, including Sunflare (which can help users discover potential projects in a timely manner), Ranking System (real-time ranking of tokens based on key indicators such as trading volume and number of coin holders, which can provide users with clear investment references), and CEX Listing Apply (project parties can directly submit centralized exchange listing applications through SunPump to broaden channels for project development). These functions have not only greatly improved the user experience, but also further expanded the platforms ecological boundaries, making it a more complete and diverse MEME asset issuance and trading ecosystem.

In terms of product innovation, SunPump is more aggressive and courageous. Last year, Sun Agent Launch launched the intelligent assistant Sun Agent, which optimized AI-driven tools and services, providing creators and traders with a more convenient content generation and management experience. In March of this year, the platform innovatively launched AI Agent @SunGenX, which supports the lightweight token creation function of issuing coins by tweeting. Users can easily complete the issuance of MEME tokens with just one tweet, greatly simplifying the token issuance process.

An in-depth review of mainstream DeFi applications in the TRON ecosystem


Conclusion

Today, TRON has occupied a pivotal position in the public chain track, and its ecological data has also shown a strong trend of sustained growth. This is the result of the coordinated efforts and joint drive of multiple factors.

The outstanding achievements TRON has made in the three key areas of user scale, asset size and ecological protocol development have become the three horses that drive the vigorous growth of its ecosystem, leading TRON to move forward in the encryption track and be unstoppable.

A series of core protocols and modules such as Sun.io, SunPump, JustLend DAO, and USDD provide users with a rich variety of financial products and services to meet different investment and trading needs. These core product matrices are not only the solid pillars of the TRON ecosystem, but also the key force for it to maintain its leading position in the DeFi field. They continue to drive the entire ecosystem towards a more prosperous, diversified, and innovative direction.

Looking ahead, TRON is expected to continue to write a glorious chapter in the cryptocurrency market with its profound technical background, huge user base and strong ecological synergy, creating a more open, efficient, transparent and inclusive financial ecosystem for global users, and truly becoming a key infrastructure that drives the light of decentralized finance to illuminate every corner of the world.

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