Sun ranks second in Tron’s TVL rankings, behind Justlend

Sun is a platform for exchange, producing farming and autonomy, which firmly retains its position as the second largest protocol for Total Value Lock (TVL) on blockchain. Currently, it only lags behind loan giant Justlend.

Sun accounts for about $985 million in lockdown, accounting for a large share of Tron’s liquidity.

According to the latest report from CryptoQuant, the growth can be attributed to user confidence in liquidity pools and incentives. Sun’s TVL has grown by $38 million over the past 14 days, reflecting steady user engagement. It is worth noting that new iterations like Sunswap 2 and Sunswap 3 attract more volume than the original Sunswap 1.

CryptoQuant revealed that several factors could improve this uptrend compared to lending platforms, including favorable agricultural incentives, stable returns provided by liquidity, and a lower risk profile. Sun’s growing base for liquidity for Key Tron trading is also promoting its attractiveness. This momentum reinforces its “structural importance to ecosystem health”.

If the trend continues, the Sun may reduce the current over-reliance on justice and help create a more balanced Defi on Tron. If the growth pattern remains stable, the Sun is expected to get a larger TVL film, which in turn can reduce the current excessive concentration.

Zoom in, Tron evolved from a USDT-centric network to a thriving Defi ecosystem in 2024. Although USDT remains dominant, new platforms such as Sunswap and Sunpump significantly enhance decentralized activity.