Tron DeFi Rebounds… CryptoQuant: “SunSwap and JustLend Continue to Grow in Real-Use”

In 2025, the core platforms of the TRON (TRX) based DeFi ecosystem, SunSwap and JustLend, are showing a clear expansion in trading and lending activities. The on-chain analysis platform CryptoQuant recently reported that SunSwap's swap trading volume and JustLend's deposit and lending data are continuously increasing. According to CryptoQuant, SunSwap's monthly total swap trading volume has been maintaining a high level, exceeding $3 billion per month since 2025. Particularly, in May, it recorded the annual peak of $3.8 billion, and in June, it achieved a trading volume of $2.3 billion. In terms of WTRX (Wrapped TRON) quantity, 8.6 billion WTRX were traded in June, reflecting strong trading demand following the May peak of 15.5 billion WTRX. For reference, the monthly average swap trading volume in 2024 was around 8.8 billion WTRX. SunSwap's transaction count has also increased significantly. After a temporary slowdown following the meme coin influx in August-September 2024, in 2025, it has maintained an average monthly transaction count of 516,000, far exceeding the previous year's average of 316,000. Particularly, the most popular trading pair is WTRX/USDT, with approximately 1.3 million trades accounting for 62% of total swap transactions. The CryptoQuant report emphasized that these figures demonstrate SunSwap remains the most active platform within the TRON DeFi network. In terms of lending, JustLend's growth is also notable. Since 2025, daily deposit counts have increased more than threefold compared to January, with approximately $740 million in deposits in April. In June, a significant deposit increase of $350 million was observed. The majority of deposited assets were stablecoins, with USDT and USDD dominating. As of June, USDT deposits reached $904 million, while USDD deposits were $358 million. Loan amounts simultaneously showed an upward trend. In most days of 2025, daily loan amounts exceeded $10 million, with a maximum of $47 million. The most used assets for loans were USDT ($184 million), TRX ($37 million), and USDD ($230,000). CryptoQuant analyzed that these figures suggest TRON-based DeFi services are continuously growing in terms of real user acquisition and asset liquidity. The recovery of the TRON DeFi ecosystem, coupled with increased liquidity, is evaluated as a key signal that could drive market recovery. CryptoQuant believes that the TRON ecosystem is establishing a real-use growth foundation centered on SunSwap and JustLend, and additional growth scenarios may be realized in the second half of 2025. CryptoQuant assessed that TRON is gradually recovering its DeFi competitiveness based on stable liquidity and stablecoin-based trading and deposit trends.