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

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TRON has secured a core position among mainstream public chains through its well-established ecosystem, active user base, and massive asset scale.

Especially in this round of crypto bull market, TRON's achievements are impressive: not only is it the top public chain network for USDT issuance, but also the preferred settlement layer for stablecoins, handling approximately 60% of stablecoin transaction traffic; its monthly income in May exceeded $350 million, making it the second most profitable product in the crypto market.

According to defillama data, on June 16, the total value locked (TVL) of DeFi applications in the TRON ecosystem reached $4.84 billion, with over 2.3 million active addresses, and stablecoin asset scale approaching $80 billion, maintaining a long-term position in the top five of the public chain market.

Behind these eye-catching data, TRON not only demonstrates its solid user base and strong asset strength but also provides powerful proof of its ecosystem's prosperity.

  • Energy Rentalis a unique energy rental platform within the TRON ecosystem, providing energy rental services for different addresses. By renting energy, users can conduct on-chain transactions without directly consuming TRX to exchange resources, like using an "energy coupon", which can significantly reduce gas fees for transactions, improve capital efficiency, and make transactions more economical.

  • JustCrypto is a cross-chain token supported by the JUST ecosystem, which can maintain price stability for cross-chain asset tokens like BTC, ETH, DOGE, and LTC across different networks, with its cross-chain mechanism provided by quality platforms such as Poloniex and BitTorrent Chain.

  • II. JustLendDAO Lending Ecosystem

    JustLend DAO is an efficient and flexible lending service platform based on TRON. Here, users can invest idle funds to easily earn interest income, and simultaneously borrow other crypto assets to cleverly leverage investment returns. Lending parties achieve automated operations through smart contracts, with the system automatically setting floating interest rates based on supply and demand of specific assets on JustLend DAO, ensuring dynamic balance and rationality of assets.

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

    According to defillama data, on June 16th, the Total Value Locked (TVL) on JustLend platform reached approximately $4.3 billion, ranking in the top three of the entire lending track market.

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

    Among them,Staked TRX service provides users with a convenient staking method. Users only need to perform a one-click operation to exchange TRX for sTRX. The staked TRX will be used for voting governance and energy rental, and users can easily obtain staking income by holding sTRX. As of June 16th, the platform has staked 8.166 billion TRX, with over 4,600 participating addresses, and the current annual yield is 8.67%.

    However, according to TRONScan on-chain data, as of June 16th, TRX token-holding addresses have exceeded 182 million, with a market value of over $25.6 billion, indicating an extremely large user group. The current staking market penetration rate is only 8.6%, which means there is significant potential for growth in staking participation.

    Energy Rentalis another thoughtful function provided by JustLend DAO, supporting users to directly rent energy to offset gas fee consumption, without burning TRX as gas fee, which helps users save on-chain transaction costs. From TRON chain data analysis, user token-holding addresses and transaction frequencies are steadily increasing, and the energy rental function can better serve TRON ecosystem users. Data on June 16th shows that the JustLendDAO platform has 37 billion energy available for users to rent, with over 65,000 addresses participating in energy rental, fully demonstrating the popularity of this function.

    Additionally, currently on the JustLend DAO platform, besides earning interest by providing assets, users can also obtain additional reward income by storing USDD. USDD is a decentralized stablecoin jointly initiated by JustLend DAO's sub-DAO—GrantsDAO and TRON DAO Reserve. In January this year, USDD was upgraded to version 2.0. Simultaneously, JustLendDAO launched USDD lending service, allowing users to earn income by storing USDD, with current returns around 6%. As of June 16th, the fund pool has reached 264 million USDD.

    III. Decentralized Stablecoin USDD

    USDD is a decentralized stablecoin based on TRON. Currently, users can obtain USDD through two methods: first, by over-collateralizing high-quality assets like TRX, sTRX, USDT to mint USDD; second, using the Stable Coin Exchange Tool PSM to directly exchange USDT at a 1:1 ratio for USDD, with 0 gas fees and 0 handling fees.

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

    Currently, USDD has seamlessly integrated with DeFi platforms like JustLend DAO and SUN.io, and established close cooperative relationships with compliant exchanges such as Kraken, HTX, Bybit, gate.io, and Poloniex. On these platforms, users can stake USDD to earn high returns. This extensive ecosystem integration provides broad space for USDD's circulation and application, enabling it to better integrate into various segments of the crypto market and bring more value and convenience to users.

    IV. One-Stop Trading Platform SUN.io

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

    Currently, SUN.io's product function matrix mainly includes the following sections:

    • SunSwap (Trading Core Engine): A trading platform based on the AMM mechanism, which has gone through three versions V1, V2, and V3, with current trading mainly occurring in the V3 section.

    • SunCurve and PSMmainly focus on stablecoin asset trading, with PSM being a stablecoin swap tool specifically launched for USDD, supporting 1:1 fixed ratio exchange between USDD and stablecoins like USDT/USDC/TUSD, with 0 slippage and 0 handling fees.

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

    • SunBoost (Liquidity Incentive Center): The LP staking mining module of the platform, where users can stake SunSwap's LP Tokens to receive token rewards, which is the core mechanism of liquidity incentives.

    • DAO Governance System: Supporting user participation in platform governance and incentive allocation decisions through the veSUN model, constructing a community-led governance structure.

    From a data perspective, SUN.io performs exceptionally well. According to defillama data, on June 16th, the Total Value Locked (TVL) on the SUN.io platform exceeded $952 million, a figure that has long been in the top three of the TRON network and ranks in the top six of the entire DEX track.

    Meanwhile, according to SunScan official browser data, SUN.io's trading activity is equally impressive. In the past 7 days, SunSwap processed approximately 120,000 transactions with a trading volume of over $770 million. In the past week, the platform's active trading addresses exceeded 15,000, with current cumulative trading pool count over 25,000, covering a broad asset structure from stablecoins and mainstream assets to meme long-tail assets, forming a diverse and inclusive financial ecosystem.

    Additionally, the SUN platform token has shown a good development trend. Its circulating market value is around $341 million, with over 500 million tokens already burned, showing a clear deflationary path. The token model is closely linked to platform value growth, and as the platform continues to develop and expand, the value of the SUN platform token is expected to continuously improve, bringing more returns and rewards to users.

    V. SunPump, a Fair Issuance Platform for MEME Assets

    SunPump, carefully crafted by Sun.io as a MEME asset fair issuance platform, leverages the powerful technical infrastructure and vast user base of TRON. After its debut in August 2024, SunPump quickly gained popularity and has long been among the top three in the competitive MEME issuance track.

    In its first month, SunPump demonstrated remarkable explosive growth, setting an astonishing record of 7,351 memes issued in a single day, with daily revenue reaching as high as $560,000, at times even surpassing 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, with approximately 1,850 Tokens listed on Sunswap. The cumulative revenue captured since the protocol's launch has surpassed $10 million, undoubtedly a powerful testament to the platform's thriving development.

    In terms of ecosystem performance, there are currently 4 MEME tokens with a market capitalization above $10 million, such as SUNdog and Pepe.

    In terms of product functionality, the SunPump platform has continuously iterated and upgraded around three core aspects: token creation, trading growth, and community interaction. The platform has successively launched features such as Sunflare (helping users discover potential projects in a timely manner), Ranking System (real-time ranking of tokens based on key indicators like trading volume and number of token holders, providing users with clear investment references), and CEX Listing Apply (allowing project parties to directly submit centralized exchange listing applications through SunPump, broadening development channels). These features have not only significantly enhanced user experience but also further expanded the platform's ecosystem boundaries, making it a more comprehensive and diverse MEME asset issuance and trading ecosystem.

    In product innovation, SunPump has been proactive and bold in breaking through boundaries. Last year, Sun Agent Launch introduced the intelligent assistant Sun Agent, optimizing AI-driven tools and services to provide creators and traders with a more convenient content generation and management experience. In March this year, the platform innovatively launched AI Agent @SunGenX, supporting a lightweight token creation function of "tweet to issue tokens". Users can easily complete MEME token issuance with just one tweet, greatly simplifying the token issuance process.

    Conclusion

    Today, TRON occupies a crucial position in the public chain track, with ecosystem data showing a strong trend of continuous growth, which is the result of multiple factors working in synergy.

    TRON's outstanding achievements in three key areas - user scale, asset volume, and ecosystem protocol development - have formed a "three-pronged approach" driving its ecosystem's robust growth, leading TRON to forge ahead in the crypto track, unstoppably.

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

    Looking to the future, TRON is poised to continue writing a glorious chapter in the cryptocurrency market through its profound technological foundation, massive user base, and powerful ecosystem synergy, creating a more open, efficient, transparent, and inclusive financial ecosystem for global users, truly becoming a key infrastructure that illuminates every corner of the world with the radiance of decentralized finance.

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    Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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