Tron's decentralized finance (DeFi) landscape experienced a turbulent fourth quarter in 2025, reflecting both challenges and pockets of growth. While the overall metrics indicate a decline, certain protocols have demonstrated resilience amidst the downturn, as highlighted in a recent analysis. The publication provides the following information: some projects have managed to innovate and attract users despite the adverse conditions.
Significant Decrease in Total Value Locked in Tron's DeFi Ecosystem
The total value locked (TVL) in Tron's DeFi ecosystem saw a significant decrease, dropping by 16.2% quarter-over-quarter, from 185 billion TRX to 155 billion TRX. When converted to USD, the decline was even more pronounced, with TVL falling by 28.7% from 6.2 billion to 4.4 billion. This decline highlights the ongoing volatility and challenges faced by the DeFi sector on the TRON network.
JustLend Reports Increase in Borrow Volume
Despite the overall downturn, JustLend, the leading protocol by TVL, reported a notable increase in its total borrow volume. The protocol's borrow volume surged by 37.6%, rising from 1.543 million to 2.123 million. This uptick suggests that while the broader market may be struggling, certain segments within Tron's DeFi ecosystem are still finding ways to thrive.
Recently, TRON's price has shown stability around the $0.309 mark, contrasting with the challenges faced in its DeFi ecosystem as reported in the previous analysis. For more details, see price action.
