TRON Hits $3.8 Billion in DeFi Swaps As SunSwap and JustLend Lead 2025 Surge

• TRON’s SunSwap has repeatedly exceeded $3 billion per month of swap volume in 2025.
• JustLend’s lending activity has spiked, with the deposits tripling since January and reaching a record close to $740 million in April.
• TRON set a new USDT transfer record of $23.4B a day.

SunSwap, TRON’s top decentralized exchange, has been a reliable performer in the DeFi sector so far in 2025. Swap volumes have consistently been over $3 billion per month throughout 2025 so far, reaching a high of $3.8 billion in May, as per CryptoQuant.

June recorded a corresponding volume of $2.3 billion, with 8.6 billion WTRX changing hands, down from May’s yearly peak of 15.5 billion WTRX. To get a sense of that level of volume, 2024’s average monthly WTRX swap volume averaged 8.8 billion, so 2025 activity so far continues above pre-existing standards.

Though total SunSwap transactions decreased afterward due to meme coin hysteria during August-September 2024, 2025’s average transactions per month have been 516,000, which is much higher than 2024’s pre-hype 316,000 average per month.