Amid the turbulent cryptocurrency market, TRON is reshaping the industry landscape with an unstoppable momentum, and its dominance in the stablecoin field has become an important anchor of the crypto economy.
Data from June 11 showed that the issuance of USDT on TRON exceeded 78.7 billion, accounting for more than half of the global stablecoin market, far exceeding the second-ranked Ethereum (USDT issuance was 73 billion). This data not only confirms TRONs position as the preferred network for stablecoin issuance, but also reveals its core value in the field of crypto financial infrastructure.
The Stablecoin Payment Report recently released by crypto data analysis company Artemis, Dragonfly and Castle Island Ventures further confirms this trend: in stablecoin payment transaction volume, USDT dominates the market with an absolute advantage of 90%, and TRON, as its preferred settlement network, undertakes about 60% of the transaction flow.
From the perspective of commercial value, TRONs profitability is also impressive. According to TokenTerminal data, TRONs network protocol revenue exceeded $350 million in the past 30 days, surpassing all crypto projects except Tether (US$432 million), the issuer of USDT stablecoin, and becoming the second most profitable crypto product in the entire crypto market. This achievement confirms the business logic behind its stablecoin hegemony status - converting traffic advantages into sustainable revenue growth through efficient settlement networks and ecological synergies.
As an important infrastructure of the crypto economy, stablecoins are not only a bridge connecting traditional finance and the Web3 world, but also the cornerstone of the prosperity of the DeFi ecosystem. With TRONs current stablecoin circulation of over $78 billion as a fulcrum, its DeFi ecosystem is expected to leverage tens of billions of dollars in market growth. With the coordinated development of the ecosystem and the continuous expansion of application scenarios brought about by the scale effect of stablecoins, the TRON network is accelerating its evolution from a stablecoin overlord to a DeFi value center, and its future growth space is worth looking forward to.
The DeFi Ecosystem Engine Behind the “Stablecoin Overlord”
TRON is firmly sitting on the throne of dominant in the field of stablecoins, which is essentially a double victory of its underlying technical architecture and the synergy of the on-chain ecology. This dominant status not only confirms the performance advantages of its networks low cost and high efficiency, but also reveals the prosperity of its on-chain ecology.
The prosperity of the TRON ecosystem is first of all due to the strong scale effect of its stablecoin, which has injected a steady stream of vitality and liquidity into the DeFi protocol, forming a unique stablecoin-DeFi virtuous cycle. Whenever Tether (USDT) is issued, the TVL on the TRON chain will also grow synchronously. This symbiotic relationship of stablecoin-DeFi is essentially the resonance result of technical efficiency and ecological prosperity.
According to DeFiLlama data, as of June 12, the total locked value (TVL) of crypto assets in DeFi applications on the TRON network has exceeded $5 billion, ranking among the top five public chains in the world for a long time. Behind this huge number is a complex and efficient DeFi ecosystem, which is like a sophisticated financial machine that is reshaping the flow pattern and value creation logic of crypto assets.
TRON has created a complete and advanced DeFi ecological matrix for stablecoins, which allows stablecoins such as USDT to circulate freely on the chain while maximizing returns. Its product system can be simply summarized as: through the mutual collaboration between DeFi applications, a three-layer progressive value circulation system has been built.
At the basic circulation layer , the one-stop asset trading and issuance platform Sun.io supports USDT, which can be directly exchanged for hundreds of crypto assets; the cross-chain protocol BTTC has opened up asset interoperability between mainstream networks such as BNBChain and Ethereum and TRON, expanding the use scenarios and circulation scope of stablecoins.
At the value-added application layer , the JustLend DAO lending protocol provides diversified ways to increase the value of stablecoin assets, supporting USDT as the underlying asset to participate in full-scenario applications such as staking, lending, and liquidity mining, thereby improving asset utilization while gaining returns.
At the yield enhancement layer , the innovative RWA product stUSDT has built a bridge for users to traditional financial returns. Users can enjoy U.S. Treasury-level returns (annualized 4.5% +) by depositing USDT, integrating the returns of digital assets with those of traditional high-quality assets; the decentralized stablecoin USDD supports direct 1:1 exchange using USDT, with 0 fees and 0G as fees. Users holding USDD can also participate in a variety of DeFi staking returns, etc.
It is through the progressive DeFi ecological applications that the TRON ecosystem is not only the preferred settlement network in the stablecoin field, but also provides circulation and value-added space for stablecoins through a complete ecological system. While providing users with diversified choices, it also promotes the development of crypto finance.
DeFi Ecosystem Matrix Flagship: Comprehensive Trading Hub Sun.io and SunPump, Lending JustLend DAO, Stablecoin USDD
1. Trading Hub SUN.io: Building a diversified one-stop asset issuance and trading platform
SUN.io is the flagship DEX platform of the TRON ecosystem. According to DeFiLlama data, the value of crypto assets locked up on the SUN.io platform (TVL) exceeded US$991 million on June 11. TVL has long been among the top three on the TRON network and among the top six in the entire DEX track.
As the trading hub of the TRON DeFi ecosystem, the Sun.io platform is different from Uniswap, a DEX that only supports asset exchange. It not only supports asset exchange and liquidity mining, but also integrates stablecoin exchange, Meme asset issuance and other functions, building a one-stop diversified asset issuance and trading service of asset issuance-trading-value-added.
At present, the Sun.io product series covers many important components, including the mainstream DEX platform SunSwap, SunCurve focusing on stablecoin transactions, the stablecoin anchoring mechanism PSM, and the Meme asset issuance platform SunPump.
SunSwap is a mainstream DEX on TRON , mainly providing asset exchange services, and has attracted a large number of users and assets with its advantages such as high liquidity and fast transaction confirmation. According to the data of SunScan official browser on June 11, in the past 7 days, the number of transactions processed by SunSwap has exceeded 110,000, the number of addresses involved in the transaction has exceeded 14,000, and the transaction volume has reached more than 800 million US dollars.
As of June 11, SunSwap has gone through three versions of iterative upgrades: V1, V2, and V3. The V3 version introduces a dynamic fee model that allows liquidity providers (LPs) to choose to provide funds within a specific price range and set different fee rates within different price ranges to support tokens of different risk levels to create corresponding token trading pools. Currently, SunSwaps transactions are mainly based on the V3 version.
SunCurve focuses on stablecoin transactions . Its working mechanism is similar to that of Curve, providing users with stablecoin exchange services with lower fees (only 0.04% of the transaction amount per transaction) and low slippage. Currently, SunCurve supports the exchange of stablecoins such as USDD, USDT, TUSD, and USDC.
PSM (Peg Stability Module) is a stablecoin exchange swap tool launched by TRON DAO Reserve (TDR) for stablecoin USDD. It supports users to exchange USDD with stablecoins such as USDT/USDC/TUSD at a fixed ratio of 1:1, and users have an excellent experience of 0 slippage and 0 handling fees. It is also the main place for USDD to exchange stablecoins.
SunPump is a fair issuance platform for Meme assets launched by Sun.io , which supports users to create and issue their own Meme coins with one click.
From the perspective of product layout, the three core products of the Sun.io platform, SunSwap, SunCurve and SunPump, complement each other and jointly provide users with a convenient, comprehensive one-stop DeFi service experience, allowing users to realize asset trading, stablecoin exchange and asset issuance on one DeFi product without the need for cross-product transactions, and its value has greater potential.
2. Innovation Representative: Meme Asset Issuance Platform SunPump
As the latest product of the Sun.io ecosystem, SunPump is positioned as the first Meme coin issuance platform in the TRON ecosystem. It supports users to create and issue their own exclusive Meme coins with one click, and only needs to pay a creation fee of about 20 TRX (about 5 US dollars) for each issuance.
SunPump adopts a community-driven model with zero pre-mining and zero team reservation, and introduces a fair launch mechanism to effectively prevent whales from manipulating the opening and protect the interests of the majority of users.
With the huge user base of TRON, SunPump has been developing rapidly since its launch in August 2024. In the first month of its launch, the number of memes issued on the SunPump platform in a single day set a record of 7,351, with a daily income of up to US$560,000. Its performance once surpassed the leading PumpFun, becoming a rising star in the meme coin issuance track, and successfully incubated SunDog, SZN and other new meme assets with a market value of over 100 million.
According to Dune data, as of June 11, the number of tokens created on the SunPump platform has exceeded 98,000, and the number of tokens that have successfully graduated (listed on Sunswap) is more than 1,800. The cumulative captured revenue has exceeded US$10 million (calculated at the current TRX price of US$0.275 per coin). SunPump has become the preferred platform for meme token issuance and trading.
In terms of product innovation, SunPump actively deploys AI technology and continuously expands its ecological boundaries. At the end of 2024, SunPump launched the AI Agent robot SunAgent; in March of this year, it launched the AI tool SunGenX for the X platform, providing users with a more convenient way to generate meme coins, realizing posting tweets and sending coins. Users only need to @Agent_SunGenX on the social platform X and attach token information (such as name, symbol, description, picture) or a creative idea, and they can use AI technology to create and deploy Meme coins to SunPump for free and quickly. This innovative application not only provides users with an intelligent interactive experience, but also further highlights SunPumps leading position in the field of blockchain and AI integration.
3. Lending JustLend DAO creates multiple income lines to improve capital utilization
JustLend DAO is the first native lending protocol of the TRON ecosystem. As an evolving DeFi ecosystem, its business has expanded to multiple areas such as mortgage lending, staking TRX (i.e. Staked TRX), energy rental, and supporting users to explore and use various DeFi applications.
According to DeFiLlama data, as of June 11, the value of crypto assets locked in the platform reached as high as US$3.61 billion. TVL has long been the number one application on the TRON network and ranks among the top four in the entire decentralized lending sector.
SBM: It is the largest lending market in the TRON ecosystem, allowing users to earn interest by providing idle funds and gain leverage by mortgaging and borrowing other crypto assets. The main supported assets include TRX, sTRX, USDD, USDT, SUN, etc.
Staked TRX (sTRX) is a TRX liquid staking product launched by Justlend DAO, and has become the preferred solution for users to stake TRX. Users can obtain sTRX staking certificate tokens by staking TRX, and holding sTRX can automatically capture node voting rewards and energy leasing income on the TRON network. In addition, sTRX can also participate in a wide range of DeFi activities to earn income, such as deposit interest, or provide liquidity, further improving the utilization efficiency and income level of assets.
As of June 11, the number of TRX staked on Staked TRX has exceeded 8.1 billion, with a yield of 8.95%, a value of approximately US$2.5 billion, and the number of participating addresses reaching 4,500+.
Energy Rental : Energy rental is an energy rental service created by the TRON network. Its design concept is based on the unique Energy and Bandwidth combined gas fee mechanism of the TRON network. Usually, the transaction wallet address will pay with energy and bandwidth first. If the energy is insufficient, TRX tokens will be consumed to make up for it. The TRON network can provide continuous energy output for users who pledge TRX.
In order to more efficiently match the supply and demand of on-chain energy, the energy leasing platform came into being and became a unique ecological component of the TRON network. Through JustLend DAOs energy leasing service, users can flexibly choose to lease energy by time or by duration according to their own needs, and use it to deduct the consumption of gas fees, without burning TRX as gas fees, thus effectively reducing the cost of on-chain transactions.
For example, users only need to spend 7.297 TRX to rent 100,000 energy points (equivalent to the energy obtained by staking 9,529 TRX), which is enough to support about 2 transactions. This innovative function not only improves the utilization efficiency of network resources, but also opens up additional income channels for users who stake TRX. According to official website data, as of June 11, the number of addresses participating in energy leasing has accumulated to more than 65,000.
Through a series of product matrices including mortgage lending, pledged TRX (i.e. Staked TRX), energy rental (Energy Rental), Justlend DAO has built multiple routes for users to increase asset value and earn income, greatly improving the utilization rate of funds.
4. Decentralized Stablecoin USDD: The Stable Value Anchor of TRON Ecosystem
USDD is a decentralized stablecoin with an over-collateralized mechanism within the TRON TORN ecosystem, which is strictly pegged at 1:1 with the US dollar. In January this year, USDD announced its upgrade to USDD 2.0. Compared with previous versions, USDD 2.0 introduced an optimized collateral mechanism and implemented a completely decentralized governance model. Under the new governance framework, the community has absolute control over the minting mechanism. Users can deposit collateral according to their needs and customize the collateral rate to mint new USDD, thereby enhancing decentralized governance and capital efficiency.
Currently, users can pledge TRX, sTRX, USDT and other high-quality crypto assets as collateral and over-collateralize to mint USDD.
To encourage users to participate in minting, USDD has launched a series of incentive policies for minting fees and income activities. On May 15, USDD launched a one-month minting fee discount event. During the event, the stability fee of TRX-A, TRX-B and TRX-C vaults (different vaults correspond to different collateral rates and minting fees) was uniformly reduced to 0.5%, and the stability fee of sTRX-A vault was also adjusted from 3% to 1%. The event ends on June 15, when the minting fee of USDD will return to normal levels.
In addition, the Sun.io stablecoin tool PSM mentioned above provides a seamless, zero-fee exchange service for USDD. Users can use the PSM tool to exchange USDD with stablecoins such as USDT with zero slippage and zero fees.
Currently, USDD has been deeply integrated into multiple DeFi applications in the TRON ecosystem, making it easy to participate in a wider range of DeFi ecosystem activities such as lending, staking, and trading to earn more income. On May 24, USDD 2.0 launched the fifth USDD 20% staking event, providing users with the opportunity to earn high returns using USDD. The event will cover the JustLend DAODeFi protocol and multiple exchanges such as HTX and KUCOIN, and the rewards will be fully subsidized by TronDAO.
The article Actual annualized return of over 20%, unlocking the wealth code of TRXs one fish, many meals has introduced in detail the gold mine combination strategy of sTRX+USDD. Specifically, users can obtain sTRX by staking TRX, then use sTRX to mint USDD, and finally deposit the minted USDD into the JustLend DAO platform. The comprehensive income can be as high as 15% or more, providing users with a diversified income path.
As of June 12, USDD issuance has exceeded 437 million US dollars, and the TVL in the protocol is about 4.75 US dollars. Among them, since the launch on April 25, the total locked value (TVL) of sTRX Vault has increased to about 6.4 million US dollars in just over a month, fully demonstrating the strong growth momentum of the USDD ecosystem.
TRON Ecosystem: Strengthening the “Stablecoin Dominance” Status and Reshaping the New Logic of Asset Aggregation
TRONs all-round layout and in-depth exploration in the DeFi field demonstrate its firm determination to build a diversified, efficient, stable and high-yield multi-level DeFi ecosystem.
In the TRON ecosystem, mainstream DeFi products such as Sun.io , SunPump, JustLend DAO, and USDD form a powerful and orderly matrix. They are like a fully functional financial toolbox, covering all aspects from asset issuance, trading and circulation, to lending services, asset income improvement, stablecoin innovation, and Meme coin asset coverage. This creates a one-stop on-chain financial supermarket for users, where users can easily meet various financial needs. These products work together and closely together to form an organic whole that is closely linked, providing users with a rich variety of income options and convenient, comprehensive financial services. They are undoubtedly the key infrastructure to promote the prosperity of the TRON ecosystem.
It is not difficult to see from this series of layouts that the title of Stablecoin Overlord is just the tip of the iceberg of TRONs brilliant achievements. Behind it is a set of sophisticated and powerful DeFi ecological facilities, like an efficient engine, fully driving the circulation and appreciation of assets. TRON is using stablecoins as a fulcrum, relying on the significant advantages of low cost and high efficiency, and methodically building a new set of asset aggregation logic, leading the development trend in the DeFi field.
On June 9, Paul Atkins, the new chairman of the US SEC, released a positive regulatory signal for DeFi, revealing that he would study and formulate an innovation exemption policy for DeFi platforms. This move is like a shot in the arm for the development of the DeFi industry, allowing the entire industry to see a more relaxed and friendly regulatory environment, and bringing new hope for the industrys vigorous development.
Yesterday (June 11), Justin Sun, the founder of TRON, reposted relevant content on the X platform and captioned it as Defi first. The community viewed this content as Sun Yuchen hinting at the strategic layout of TRONs ecosystem of Defi first. This strategy may promote the further development of TRONs DeFi ecosystem.
On the same day, Justin Sun posted on the X platform that the USD 1 stablecoin supported by the Trump family WLFI has been successfully minted on the TRON network. This news undoubtedly adds new impetus to the development of the TRON network.
Overall, while the TRON ecosystem is consolidating its position as the king of the stablecoin settlement layer, it is also reshaping the new logic of crypto asset aggregation.
While seizing the stable currency throne with its powerful advantages of low cost and high efficiency, it is also actively expanding and deploying new stable currencies such as USDD 2.0 and USD 1, constantly strengthening its moat and improving its competitiveness in the market. At the same time, through DeFi ecological matrix products such as Sun.io-JustLend (sTRX)-USDD, a stable asset circulation and income chain has been built.
In the crypto industry, TRON has established a new value coordinate system, in which stablecoins worth approximately $80 billion are constantly flowing on the chain. Its DeFi ecosystem can leverage tens of billions of dollars of crypto asset growth space at any time, and there are unlimited possibilities in the future.
