The Tron decentralised finance (DeFi) ecosystem has achieved a significant milestone, surpassing $21.7 billion in total value locked (TVL), indicating robust activity on the Tron (CRYPTO:TRX) blockchain.

Major initiatives like Just Cryptos and JustLend DAO have contributed to this surge, with TVL reaching $7.1 billion and $6.4 billion respectively, showcasing the vitality of Tron's DeFi landscape.

In addition to its DeFi success, Tron had a strong first quarter of 2024, with record revenue of $128 million and over 2 million daily active addresses in March, demonstrating growing popularity and acceptance.

Despite positive network performance, investors should be cautious of a short-term price drop in TRX, which has experienced a modest fall of 1% in the last 24 hours, although it outperformed the global cryptocurrency market with 1.32% gains last week.