The recent market conditions have been truly baffling. Major altcoins have plummeted, with some dropping more than tenfold since their bull market peaks, and most major coins have also fallen by more than 100%. However, $TRX has remained remarkably stable. Analyzing $TRX's performance reveals the underlying logic of Tron. First, TRX's pricing is no longer solely based on narrative. For many blockchains, price is largely a function of expectations and imagination; but a significant portion of TRX's pricing comes from real, sustained usage intensity. Stablecoin settlement, energy leasing, staking, DeFi lending, USDT transfers—these are not bull market-specific needs; on the contrary, they are used even more frequently in bear markets. While other blockchains are waiting for the next story, Tron is focused on daily trading volume, fees, and settlement scale. The result is straightforward: TRX's motivation to actively sell is inherently weaker than others. II. TRX's token structure is unsuitable for a sharp decline. A large amount of TRX is not actively traded in the secondary market for short-term speculation, but is locked in staking, power generation, protocol circulation, and ecosystem applications. This means that once sentiment weakens, there aren't many freely available tokens that can be dumped at any time. Therefore, what you see isn't people frantically buying the dip, but rather—very few people are willing to sell at low prices. This structure is extremely rare in a bear market. III. And the most crucial point: TRON's essential role in a bear market. In a bear market, funds prioritize three things: low cost, stable settlement, and global availability. These three points are precisely TRON's strengths: The largest USDT circulation network, low fees and high throughput, and real cross-border payment and capital flow needs. Therefore, TRX's stability is not essentially due to market manipulation, but rather because the underlying user demand hasn't disappeared with the bear market. ▰▰▰▰▰▰▰▰▰▰ To summarize TRON's current state in one sentence: When the market bubble bursts, TRON is already being used as infrastructure. This also explains a phenomenon: many coins are brought back to their original levels during bear markets, while $TRX seems to be adapting to the bear market environment in advance. In the short term, it may not explode; But from market structure to ecosystem positioning, TRON is taking a path of increasing stability as the market cools down. When the next wave of market sentiment truly returns, there will be very few chains that can still be used as the underlying network. @justinsuntron #TRONEcoStar @justinsuntron Sun, TRX is so stable in a bear market, will it reach $1 in a bull market? 😄

Recently, @DeFi_JUST completed its second large-scale buyback and burn of JST. Here are my thoughts: This $JST buyback and burn is not only symbolic but also verifies one thing: DeFi's deflationary potential can indeed be achieved through cash flow. ■ A total of 525 million $JST were burned, representing approximately 5.3% of the circulating supply at the time, corresponding to a market capitalization of about $21 million. Including the 560 million JST burned in the first round in October 2025, the cumulative amount burned in less than three months has approached 11% of the initial supply. The key is not the quantity burned, but rather—where does the money come from? All repurchase funds came from actual revenue generated by the protocol: ※ Q4 Protocol Net Revenue ≈ $10.19 million ※ Previously Carried-Over Revenue ≈ $10.34 million No share issuance or external financing was involved. It followed the simplest, yet most difficult, path: Protocol revenue → Market repurchase → Permanent burning. This positive feedback loop was clearly defined in the DAO proposal passed in October 2025; now it's simply being strictly implemented according to the rules. Looking at the underlying support, it's actually more robust than many people imagine. 1️⃣ JustLend DAO: > TVL has remained stable above $6.5 billion for a long time. > sTRX staking exceeds 9.3 billion TRX. > Energy leasing, after fee optimization, has become a stable source of cash flow. 2️⃣ $USDD is also gaining momentum: > Multi-chain TVL doubled within two months, exceeding $1.3 billion. > The excess returns brought by multi-chain operations are gradually becoming the second engine for JST buybacks. Market feedback is equally direct, since the first burn: ✅ JST's cumulative increase exceeds 38%. ✅ Trading volume has increased simultaneously. ✅ Increase of 13%+ in the week following the second burn. This is more like market recognition of the value model than short-term sentiment-driven. And $JST focuses on long-term structural changes: Continuously decreasing circulating supply ➟ Passively increased governance rights for each JST ➟ Long-term holders are more closely aligned with the protocol's interests. While most DeFi projects are still struggling with how tokens capture value, $JST has at least twice proven one thing with real money: ・The real returns generated by the protocol can flow back to the token in a stable and transparent manner. The next question is simply about scale: whether TVL can continue to expand, how far USDD can go across multiple chains, and whether the burning mechanism can be sustained in the long term—time will tell. But for now, it appears to be a proven and viable path. @justinsuntron #TRONEcoStar

This surge in on-chain transaction volume on TRON is not accidental, but an inevitable result of the ecosystem's takeoff. From January 1st to 20th, 2026, the transaction volume on the Tron chain increased by nearly 400%, with the curve jumping from a stable level to exponential growth. On the surface, it appears to be a data boom, but in essence, it's an inevitable result of structural maturity. The question isn't whether it increased or not, but—why TRON specifically? 🤔 The answer is actually quite clear: three things happened simultaneously! >First, cross-chain friction was systematically eliminated. Deep integration of deBridge with TRON doesn't just add another cross-chain channel; it elevates efficiency to the core. TRON itself is the world's largest USDT network ($83B+), and now it can facilitate native, unencumbered real-time asset transfers with 25+ mainstream chains such as Ethereum and Solana. Shorter paths, lower slippage, and higher certainty. Stablecoins and DeFi funds don't rely on hype; they simply flow to where costs are lowest and efficiency is highest. >Secondly, the TRON entry layer has truly been deployed. WalletConnect's support for TRON in early 2026, coupled with the rapid integration of Trust Wallet and Binance Web3 Wallet, didn't just improve usability; it eliminated the barrier to entry. When cross-chain transactions, payments, and interactions no longer require a learning curve, transaction volume will naturally amplify from both retail and institutional ends. >Thirdly, TRON itself is the most suitable platform layer. Low fees, high throughput, 361 million accounts, and billions of dollars in stablecoin transfers daily—this isn't a network designed for a single application; it's born for high-frequency demands like global payments and cross-chain settlements, with particularly significant advantages in emerging markets. Therefore, this round of growth is not merely about on-chain data growth; it's more like a signal 📡 telling us: The multi-chain world is rapidly converging towards lower friction, higher liquidity, and a greater focus on payments and settlements. And @trondao is precisely at this structural inflection point. @justinsuntron #TRONEcoStar

➣ TermMax is reshaping the funding logic of DeFi. Currently, DeFi lending is essentially a short-term game revolving around probability. The mechanism of "floating interest rates, unlimited terms, and instant liquidation" works smoothly in a speculative and leveraged environment, but once long-term capital allocation is involved, structural flaws are exposed: costs cannot be locked in, risks are difficult to quantify, and funds naturally do not want to stay long. It is against this backdrop that @TermMaxFi has taken a different path. Instead of patching up the existing model, it has chosen to introduce a timeline to DeFi—by using fixed interest rates and maturity settlement mechanisms, it restores lending relationships to a predictable and plannable financial structure. The significance of this step is not just reducing volatility, but more importantly, it redefines the attributes of funds: Funds are no longer just liquidity tools, but asset forms with clear terms and expected returns. This is the underlying structure that RWA and institutional funds truly need. 🌟 At the community level, TermMax also continues the same long-termist approach. The “Mindshare Campaign” doesn't simply use incentives to generate buzz; instead, it encourages participants with genuine product understanding and a willingness to share their insights through MP points. Compared to chasing short-term traffic, this emphasis on the quality of understanding has more sustainable value. If you're tired of the high volatility and uncertainty of "gambling-style lending," then protocols like @TermMaxFi, which emphasize certainty and predictability, are definitely worth your time and serious study. #TermMax #MP #DeFi

Regarding stablecoin governance, should everything be decided by voting? My answer is: Absolutely not. Many people, when discussing decentralization, reflexively demand "complete democracy." But in the world of stablecoins, excessive democracy is often not liberation, but self-destruction. I looked at @stbl_official's governance design. What alarmed me most, and what I agree with most, is not the amount of power it grants to the DAO, but rather its clearly defined boundaries of power. It's very clearly defined—🌟 You can discuss fees, incentives, and parameter configurations; But there are two things that no one can touch: Redemption logic and the pegging mechanism. Why this? 🤔 History has already provided the answer. When UST ran into trouble, the community didn't remain silent; on the contrary, it was unusually active. Proposals poured in, rules were revised again and again, everyone wanted to save it. The result was that panic entered the protocol through voting, and emotions were amplified through governance, ultimately accelerating the bleeding instead of stopping it. STBL's approach may seem cold, but it's clear-headed. The 1:1 redemption isn't a matter of opinion, but a matter of survival. It exists like gravity; it shouldn't be voted on, it shouldn't be open to discussion. When a crisis occurs, the protocol shouldn't "discuss what to do," but should execute established rules like a machine. Because in critical moments, human emotions are always more dangerous than algorithms. Therefore, I don't believe STBL is weakening the community. It's doing the exact opposite—protecting the protocol from the corruption of human nature. It welds the core foundation of survival in place, keeping uncertainty out of the system. It allows discussion, but it doesn't allow shaking the foundation. This unwavering, steadfast certainty is what truly makes the RWA stablecoin reassuring. @stbl_official @avtarsehra #STBL #USST #RWA #Stablecoin #DeFi #Governance

✦USDD is about to enter the “900 million era”! 🏁 From the supply scale of about 400-600 million in early 2025, it has quickly approached 900 million. In just one year, the volume of USDD has almost doubled. Why are more and more users starting to choose $USDD 🤔? I broke down the logic into three points👇 ※1｜A truly decentralized over-collateralization structure. USDD adopts a community-driven over-collateralization model, and the mortgage rate has been maintained above 200% for a long time. The reserve is composed of multiple assets such as "$BTC, $TRX, $USDT", and is checkable, transparent and auditable on the data chain. Compared with the regulatory and centralization risks faced by some stablecoins, USDD has a clearer security boundary and is more autonomous. ※2｜TRON The efficiency advantages of the network are fully unleashed. Low fees and high throughput make it very suitable for payment, transfer and DeFi scenarios. Coupled with high APY incentive mechanisms such as Vaults staking and multi-chain deployment, the demand for USDD is no longer just "storage", but has truly entered circulation and application. ※Three | Sustainable mechanism design and community governance. USDD adopts a hybrid stabilization mechanism with the goal of avoiding a death spiral in extreme situations while continuing to expand the reserve scale towards the 1 billion level. Against the backdrop of increasing uncertainty in 2026, It is increasingly viewed as a tool that combines risk hedging with profit opportunities. -------------------------------- In my opinion, USDD's reserve size of 900 million is not the end, but just an inflection point. With the simultaneous spread of usage scenarios and awareness, the value of $USDD is being re-evaluated by more people. @justinsuntron #TRONEcoStar

2025 is almost over, and we're welcoming 2026. Looking back at @Talus_Labs' progress this year, one word can describe it: fast. 🌟 The launch of Nexus v0.3, the rapid rollout of TGE, and the simultaneous announcement of a new roadmap—this whole series of actions has laid out the core idea for Q1 of 2026: using "entertainment" to leverage "technology." This is clearly evident from Phase 1 (Ignition). It's not an ordinary application, but an Agent vs Agent (AvA) battle and prediction market. ➣ Talus's choice is restrained and intelligent. They didn't rush into the relatively dry DeFi, but instead prioritized using "games" and "gambling," which are easier to spread and have lower barriers to entry, to verify whether the underlying AI infrastructure is truly reliable and scalable. If AI agents can operate stably in high-frequency, highly competitive gaming environments, then entering more complex scenarios such as finance and trading will only be a natural progression. This is essentially a form of "dimensionality reduction verification." Looking further into Phase 2's plans—"permissionless nodes" and the "Agent Marketplace"—Talus's ambition becomes even clearer. What they want to do is not to keep AI at the "tool" level, but to push it towards becoming an "asset." ▰▰▰▰▰▰▰▰▰▰ Summary💡: The AI of the future will not only help you with tasks, but can also be bought, sold, and leased, continuously generating settleable revenue in the market. If the current pace continues, Talus could very well become a key variable in igniting the "verifiable AI economy" in 2026. The current deployments seem more like paving the way and loading ammunition for that crucial moment. @Talus_Labs @TalusFoundation @KaitoAI #AI #Web3 #Talus

The winners are in! Here are a few familiar faces from the comments: Congratulations to these 5 lucky winners 🎉: @z357z357 @Siju25400867 @FighttheTiger @zhuzhubao9527 @guniangbaobao Please send me your shipping information via private message as soon as possible. It will be within 12 hours; otherwise, someone else will be chosen from the comments.

🎅 Happy Christmas! Sun, together with @WinkLink_Oracle, brings you Christmas greetings💌: Wishing everyone great success in the upcoming 2026, and may you pump to new heights with us!🚀 🎁 We're giving away 5 SunPump Christmas blind boxes!🎄 To participate: ✅ Follow: @WinkLink_Oracle @justinsuntron ✅ Like, retweet, and leave your blessing. ⏰ Winners will be announced in 48 hours. Good luck!

The strawberries 🍓 were sweet, and @HuobiGlobal's thoughtfulness was even sweeter! I received the "Abundant Fortune Strawberry" gift box from #HTX, and I truly felt their care and attention. The Dandong strawberries were all big and sweet, especially delicious 😋 Market conditions may change, but the feeling of being remembered is heartwarming. Thank you so much to HTX for this thoughtful gift, and thank you also to: @Ceee333_ @qingyang007 @HTX_Molly @justinsuntron @HTX_DAO @HTX_Global For your continued support and trust ❤️. Finally, I wish everyone a "Abundant Fortune Strawberry" in 2026, with success in both life and career! A special thank you to yiyi @Ceee333_, for always supporting me so much. I hope yiyi is happy every day and gets better and better 🥰!