TRON Decentralized Finance got liquidated, SunSwap and JustLend both accelerated.

By the halfway point of 2025, the DeFi activity on the TRON chain has already delivered a hotter report than last year.

TRON's Decentralized Finance is no longer limited to a single asset, but revolves around stablecoins, liquidity, and diversified assets, with the entire ecosystem gradually maturing.

SunSwap is still one of the most active decentralized exchanges on TRON.

The monthly Swap volume of WTRX has been maintained at over $3 billion each month since the beginning of the year, reaching a year-to-date high of $3.8 billion in May. Even in June, a month when overall trading stabilized, the total Swap amount was still $2.3 billion.

In terms of the number of tokens, a total of 8.6 billion WTRX were exchanged in June. Although this does not compare to the peak of "1.55 billion WTRX turnover" in May, it is still a steady increase compared to last year. It is important to note that the average monthly swap volume for 2024 is around 8.8 billion.

This actually already indicates that the liquidity foundation of WTRX on TRON is quite solid. And places with strong liquidity are usually where DeFi stories can continue.

The WTRX/USDT trading pair remains one of the most popular pairs on SunSwap, with 1.3 million swaps recorded so far in 2025, accounting for approximately 62% of the swap count among all top 10 trading pairs.

But if you observe carefully, you will find that among the remaining 38%, a new batch of faces is emerging, such as WTRX/SUNDOG in memes, or functional token pairs like JST/USDT. These assets represent changes in user trading habits and reflect that the TRON DeFi ecosystem is absorbing a more diverse asset logic.

In contrast, JustLend has shown more trend-driven growth. Since 2025, it has been busier on both the "deposit" and "borrow" dimensions compared to last year:

1 / The number of daily deposits has increased by 3 times since the beginning of the year.
2 / The main assets deposited are USDT and USDD stablecoins. In June alone, there were $904 million USDT and $358 million USDD deposited.
In April, the total value of daily deposits reached the second highest historical level at $740 million, and in June it surged again to $350 million.

On the borrowing side:
1 / The borrowing activity has significantly increased, with the daily borrowing amount exceeding 10 million USD most of the time, reaching as high as 47 million USD at certain points.
The top three assets for borrowing are USDT ($184 million), TRX ($37 million), and USDD ($2.3 million).
The number of loans has also increased by 23% since last year.

The usage logic of DeFi is moving closer to real funding needs. It is starting to become a tangible on-chain financial service infrastructure.

In the past year and a half, the DeFi narrative on the TRON chain has undergone a process from "traffic explosion" to "structural optimization." From SunSwap to JustLend, from WTRX trading dominance to stablecoin dominance, from meme frenzy to daily high-frequency trading, the overall tone of the ecosystem is gradually shifting from "bustling" to "steady."

Once you need to use TROn, it is already there.

@justinsuntron @trondao @Decentralized Finance_JUST @sunpumpmeme #TRONEcoStar