The Tron blockchain has emerged as a prominent player in the decentralised finance (DeFi) space, captivating cryptocurrency enthusiasts and DeFi traders alike. As DeFi continues to evolve, Tron network has carved out a unique niche of the Web3 market, leveraging its reputation for low-cost transactions and rising crop of high-performance Layer 2 chains. As is often the case in DeFi, Tron's surge started with decentralised exchanges (DEXs) that are leading the way in onboarding users and capital to a new Tron Swap sector.
The cutting-edge Tron DEX scene has streamlined the trading experience for users, with rising Total Value Locked (TVL) metrics to prove it. In fact, Tron network’s TVL surged to an all-time high in 2024, eclipsing the $10 billion mark. Meanwhile, trailing 24-hour volume regularly remains above $50 million, demonstrating consistent usership and interest in Tron DeFi.
SunSwap: One of Tron DeFi’s Newest Leaders
One Tron DEX leading the pack is SunSwap, a flagship dApp on the Tron network. SunSwap has quickly established itself as a powerhouse project in the Tron Swap scene, offering a seamless and user-friendly trading experience. Powered by a high-performance Automated Market Maker (AMM), SunSwap facilitates the exchange of a wide range of Tron-based tokens, including the network's native token, TRX.
One of the key advantages of SunSwap is its support for "taxed tokens," a unique feature that allows projects to implement custom transaction fees on their tokens. This functionality has attracted numerous Tron-based projects, as it offers the ability to generate revenue and incentivise liquidity providers, further strengthening the Tron DeFi ecosystem.
JustMoney: A Versatile DEX with Extensive Features
Alongside SunSwap, another Tron DEX leading the way is JustMoney, a multifaceted DeFi project that has emerged as a prominent player in the Tron Swap landscape. Serving as a comprehensive DeFi hub, JustMoney offers a suite of innovative services that cater to the diverse needs of the Tron community. In addition to its Tron DEX, JustMoney features a cross-chain bridge that allows users to quickly and securely transfer tokens between different blockchain networks, such as Tron, Binance Smart Chain (BSC), Ethereum, Polygon, and Bittorrent Chain (BTTC). JustMoney’s cross-chain functionality has significantly improved the interoperability of the Tron DeFi ecosystem, enabling users to leverage their assets across multiple platforms.
JustMoney has also introduced a user-friendly invoicing platform that caters to the needs of freelancers, web3 projects, and small businesses. This platform allows users to issue invoices and receive payments denominated in cryptocurrency, further streamlining financial operations within the Tron ecosystem.
By offering an expanse of unique services to complement its DEX, JustMoney has strategically taken on the role of QuickSwap, the Polygon ecosystem’s premier DeFi suite. QuickSwap began operations as a DEX, and went on to launch a perpetual exchange, gaming hub, on-chain analytics service, and much more. Should JustMoney continue on its current path, it may very well become a QuickSwap-esque leader as the premier DeFi hub in the Tron Swap ecosystem.
A Vibrant DeFi Ecosystem Emerges
SunSwap, JustMoney, and others have played major roles elevating Tron network to its current status as a formidable player in Web3’s growing DeFi sector. By offering a suite of innovative features, including support for taxed tokens, cross-chain capabilities, and comprehensive DeFi services, Tron DEX projects have attracted a growing community of enthusiasts and traders. As the DeFi landscape continues to evolve, Tron network's commitment to scalability, low transaction fees, and community-driven governance positions it as a compelling contender in the race to become a dominant force in the world of decentralised finance. With its thriving ecosystem and a steadfast focus on innovation, the Tron blockchain is already playing a pivotal role in shaping the future of the DeFi landscape.
