In 2024, JustLend became a key player in the growth of DeFi lending on the TRON network, securing 55% of the total value locked on the chain. TRON saw a surge in lending exposure as DeFi expanded across all chains. The total value locked in TRON’s decentralized protocols, including lending and DEX, reached $7.36B. Additionally, the chain boasts over $60B in stablecoins, some of which flow into lending platforms like JustLend.
According to data from DeFi Llama, JustLend currently holds $5.89B in value locked, while CryptoQuant reports $6.17B in lending protocols. JustLend’s own reporting shows $8.3B in total value locked, with over 469K active wallets using the platform. Despite this robust user base, DappRadar registers only 94 daily active wallets for JustLend, indicating a discrepancy in user counts across various analytics platforms.
JustLend has proven to be a strong contender in the DeFi lending space, competing with established protocols like Aave. The platform offers a range of annualized earnings for locked assets and has seen increased demand as a tool for generating passive income. With TRON introducing its own version of WBTC in 2025, lending on the chain is expected to receive another boost, potentially serving as valuable collateral for users.
TRON’s native token, TRX, experienced a year of price records in 2024. Starting the year at around $0.10, TRX peaked at $0.40 in early December before correcting to $0.26 by year-end. Despite some fluctuations, TRX saw significant net gains throughout the year. The network aims to enhance its major use cases and reputation by transitioning TRX into a deflationary asset, with 1.5% of the token supply being destroyed annually.
TRON has generated over $2B in fees for the year to date, catching up to Ethereum in terms of total earnings. Ethereum remains ahead with $2.45B in earnings for the year, according to TokenTerminal data. The TRON network continues to establish itself as a formidable player in the DeFi ecosystem, with JustLend leading the way in the lending space. With the introduction of new features and partnerships, TRON is poised for further growth in the coming year.
