SUN – which is a platform for swap, yield farming, and self-governance on Tron – has firmly retained its place because the second-largest protocol by whole worth locked (TVL) on the blockchain. It’s at present trailing solely behind the lending large JustLend.
With roughly $985 million locked in, SUN accounts for a major share of Tron’s liquidity.
The expansion may be attributed to consumer confidence in its liquidity swimming pools and incentive mechanisms, in response to CryptoQuant’s newest report. Over the previous 14 days, SUN’s TVL has grown by $38 million, which displays a gentle consumer engagement. Notably, newer iterations like SunSwap 2 and SunSwap 3 are attracting extra quantity than the unique SunSwap 1.
CryptoQuant revealed that a number of elements are boosting this upward pattern, together with favorable farming incentives, secure returns from liquidity provision, and a decrease danger profile in comparison with lending platforms. SUN’s rising position as a liquidity base for key Tron buying and selling pairs can also be contributing to its enchantment. This momentum reinforces its “structural significance to the ecosystem’s well being.”
If the pattern continues, SUN might scale back the present over-dependence on JustLend and assist create a extra balanced DeFi on Tron. If the expansion sample holds regular, SUN is anticipated to safe an even bigger slice of the TVL, which, in flip, may reduce the present over-concentration in JustLend.
Zooming out, Tron evolved from a USDT-centric community right into a thriving DeFi ecosystem in 2024. Whereas USDT remained dominant, new platforms like SunSwap and SunPump considerably boosted decentralized exercise.
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