Tron ecosystem in 3D
Tron, the blockchain that carries more than half of all USDT, as a space station: its biggest apps are satellites docked to it, sized by the money they hold.
- DeFi TVL
- $5.38B
- TRX
- $0.308
- Stablecoins
- $93.81B
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DeFi deposits over time
Peak: $14.71B in Dec 2024. Today: $5.38B.
Main protocols on Tron
The 18 apps with at least $1M on Tron. Deposits on Tron only; 7-day change shown for apps that run only on Tron.
| # | Protocol | Type | TVL on Tron | 7 days |
|---|---|---|---|---|
| 1 | Lending | $3.52B | -2.4% | |
| 2 | Liquid Staking | $3.07B | -5.4% | |
| 3 | Bridge | $2.46B | -2.6% | |
| 4 | Stablecoins (CDP) | $1.17B | — | |
| 5 | DEXs | $264.9M | +1.7% | |
| 6 | DEXs | $229.7M | +3.4% | |
| 7 | DEXs | $129.6M | +20.0% | |
| 8 | RWA | $54.4M | — | |
| 9 | DEXs | $50.3M | -0.8% | |
| 10 | Bridge | $49.7M | — | |
| 11 | Staking Pool | $16.3M | -5.7% | |
| 12 | Bridge | $16.2M | — | |
| 13 | Bridge | $6.7M | — | |
| 14 | DEXs | $2.5M | +0.8% | |
| 15 | Cross Chain Bridge | $2.2M | — | |
| 16 | Launchpad | $2.0M | -6.4% | |
| 17 | Lending | $1.8M | -8.0% | |
| 18 | Payments | $1.1M | — |
Where the money sits
DeFi deposits by type of app, for the apps above. These can add up to more than the headline TVL because some money is counted twice — for example, a staked token that is then deposited in a lending app.
Top exchanges by volume
Trading volume on Tron's DEXs in the last 24 hours.
How the pieces connect
A typical path money takes through Tron DeFi. Each step uses what the previous one produced.
- 1
Stake
Stake TRX for energy and bandwidth (free transactions), or for sTRX, which earns rewards.
JustLend sTRXSuper Representatives - 2
Lend
Deposit TRX or USDT to earn interest, or borrow against them.
JustLend - 3
Mint
Lock crypto to create USDD, Tron’s own dollar stablecoin.
USDD - 4
Trade
Swap tokens or provide liquidity.
SunSwap
Underneath it all: USDT. Tron is mostly a payment network for Tether’s dollar, especially in emerging markets.
Beyond DeFi
USDT
Over $90 billion of Tether’s dollar lives on Tron, used for cheap transfers worldwide.
TronLink
The main wallet for Tron, as a browser extension and mobile app.
Super Reps
27 elected “Super Representatives” produce blocks, chosen by TRX holders’ votes.
Energy
Staked TRX gives energy and bandwidth, which pay for transactions instead of fees.
BitTorrent
The file-sharing network, owned by Tron since 2018, with its own BTT token.
SunPump
Tron’s meme-coin launchpad.
Tron Inc.
A Nasdaq-listed company holding TRX, now the top-ranked Super Representative.
TRXS ETF
Canary’s staked TRX fund, trading in the US since September 2026.
Best stablecoin yields
Pools with more than $1M deposited. Rewards are paid in tokens and can change daily.
| Protocol | Pool | APY | Deposits |
|---|---|---|---|
| JustLend V1 | USDD | 4.0% | $386.9M |
| stUSDT | STUSDT | 3.9% | $54.4M |
| JustLend V1 | TUSD | 1.3% | $1.1M |
| JustLend V1 | USDT | 1.1% | $151.3M |
| JustLend V1 | U | 0.8% | $3.6M |
Not financial advice. Higher yields usually mean higher risk.
The TRX token
No maximum supply. New TRX goes to block producers and voters, and TRX spent on fees is burned. All-time high $0.431 (Dec 2024).
- Supply
- 95.0B TRX
- Fees
- Paid with energy or burned TRX
- Block producers
- 27 Super Representatives
- US ETF
- TRXS (staked), since Sep 2026
When the network is busy, more TRX can be burned than created, so the supply can shrink.
Key moments
- Sep 2017Justin Sun’s Tron sells TRX tokens to fund the project.
- Jun 2018Tron mainnet launches, leaving Ethereum.
- Jul 2018Tron buys BitTorrent.
- Apr 2019Tether launches USDT on Tron.
- May 2022USDD stablecoin launches; it briefly loses its dollar peg a month later.
- Mar 2023The US SEC sues Justin Sun (the case was later paused).
- Jul 2025Tron Inc., holding TRX as a treasury, lists on Nasdaq.
- Sep 2026Canary’s staked TRX ETF starts trading in the US.
- Oct 2026About $94B of stablecoins on Tron, over half of all USDT.
Tron vs. Ethereum vs. BNB Chain
This dashboard is for information only and is not financial advice. Figures from third-party sources may be delayed or revised.