SUN Stays Strong at Second in Tron’s TVL Rankings, JustLend Still Leading

SUN, a prominent platform for swap, yield farming, and self-governance on the Tron blockchain, has firmly maintained its position as the second-largest protocol by Total Value Locked (TVL). It continues to trail behind JustLend, which remains the leader in Tron’s DeFi ecosystem.

With around $985 million locked in, SUN holds a substantial share of Tron’s overall liquidity. Its continued growth can be attributed to increased user confidence in its liquidity pools and attractive incentive structures.

Over the past two weeks, SUN’s TVL has risen by $38 million, demonstrating steady user engagement. Newer iterations like SunSwap 2 and SunSwap 3 have driven more volume compared to the original SunSwap 1.

Factors like favorable farming incentives, stable returns from liquidity provision, and a lower risk profile compared to lending platforms have played a key role in this upward trajectory. Additionally, SUN’s growing importance as a liquidity base for key Tron trading pairs strengthens its position in the ecosystem.

As this growth continues, SUN could reduce Tron’s reliance on JustLend, contributing to a more balanced DeFi landscape on the blockchain. If this trend persists, SUN may capture a larger share of the TVL, helping to mitigate the current dominance of JustLend.