Sun-which is a platform for exchange, agriculture, and autonomy on TON-its location with the second largest protocol through the total closed value (TVL) on Blockchain. It is currently only behind the JusLend lending giant.
With approximately 985 million dollars closed, Sun represents a large share of Tron’s liquidity.
Growth can be attributed to the user’s confidence in liquidity pools and incentive mechanisms, according to another Cryptoquant a report. Over the past 14 days, Sun’s TVL has grown by $ 38 million, reflecting a fixed user participation. It is worth noting that the latest repetitions such as Sunswap 2 and Sunswap 3 attract more than the original Sunswap 1.
Cryptoquant has revealed that many factors enhance this upward trend, including favorable agricultural incentives, stable returns from providing liquidity, and a lower risk definition file compared to lending platforms. SUN’s growing role as a liquidity base for Tron Trading pairs also contribute to their attractiveness. This momentum enhances its “structural importance to the health of the ecological system”.
If this trend continues, SUN may reduce the current excessive dependence on JUSTLEND and help create Defi more balanced on TRO. If the growth pattern is fixed, SUN is expected to secure a larger slice of TVL, which in turn can reduce the current excessive focus in Justle.
After enlarging it, Tron developed from a network that focuses on the USDT to the booming Defi ecosystem in 2024. While USDT remained dominant, new platforms like Sunswap and Sunpump have greatly strengthened the decentralized activity.
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