The post Lending turned into the biggest source of value for TRON (TRX) in the past year appeared on BitcoinEthereumNews.com.

Lending was one of the growth apps for TRON (TRX), boosting the chain’s locked value. JustLend was one of the busiest smart contracts, drawing in 55% of all value locked on the TRON network.  TRON (TRX) increased its lending exposure in 2024, following the expansion of DeFi on all chains. JustLend was one of the growing apps for the past 12 months, ending up with 55% of the total value locked on the chain.  TRON locks in a total of $7.36B in its decentralized protocols, including lending and DEX. The chain still hosts more than $60B in stablecoins, which also partially flow into lending.  Based on DeFi Llama data, JustLend holds $5.89B in value locked. CryptoQuant reports $6.17B in lending protocols and a higher total TVL for TRON, due to a different methodology in accounting for apps.   JustLend’s own reporting accounts for $8.3B in total value locked. The protocol offers varied annualized earnings for all locked assets. JustLend reports more than 469K active wallets, although user counts may be lower.  While JustLend reports significant value locked, DappRadar only registers 94 daily active wallets, a small fraction of the total reported users. JustLend is the seventh most-visited app on TRON, with $3.25M in daily volumes. TRON’s lending app managed to perform well based on existing metrics, competing with DeFi versions from the Ethereum ecosystem. The liquidity on TRON is still separate from all other chains. Lending may find another boost in 2025, as the chain will carry its own version of WBTC, potentially serving as valuable collateral.  JustLend inflows increased in Q4 With those results, JustLend is building up its share of TVL compared to Aave (AAVE), which already holds more than $20B spread into loans and collaterals. Lending on TRON surpassed bridge deposits and centralized trading activity, rising in the…

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Filed under: News - @ December 24, 2024 7:28 pm