Tron's decentralized finance sector experienced a downturn in Q4 2025, with significant declines in total value locked (TVL) metrics. According to the official information, despite these challenges, some protocols within the ecosystem showed resilience, highlighting a mixed performance landscape.
Decline in Total Value Locked in Tron
The total value locked in Tron, measured in TRX, fell by 16.2% quarter-over-quarter, dropping from 185 billion to 155 billion. In USD terms, the decline was even steeper, with TVL decreasing by 28.7% from 6.2 billion to 4.4 billion. This decline resulted in Tron slipping to the sixth position among networks by TVL, now trailing behind:
- Base
- BNB Chain
- Bitcoin
- Solana
- Ethereum
Performance of JustLend Protocol
Notably, JustLend, the leading protocol on the Tron network by TVL, experienced a significant drop of 25.4% in its total value locked, which fell from 5.0 billion to 3.7 billion. However, the protocol saw a remarkable increase in total borrow volume, which surged by 37.6%, rising from 1.543 million to 2.123 million. This indicates a complex dynamic within Tron's DeFi ecosystem, where some areas are contracting while others are expanding.
As TRON faces challenges in its DeFi sector, it is also striving to maintain its price level amid market volatility. For more details on TRON's current performance and recent developments, see read more.
