Sun [New] (SUN) has risen to be among the top TRON based decentralized finance (DeFi) solution. At present time, the staking utility token SUN is at $0.01808, and the daily change is 1.88% upward as per today’s data as of October 24, 2024. Based on its market capitalization of $ 176.55 Million at the time the token stood at # 256 in the market.

SUN token combines several roles in the SUN.io service integrating TRON stablecoins swaps, token mining, and new protocol’s governance mean. After a major upgrade in December 2021, SUN evolved from a mere utility token with use only in the trading of basic scrip currency to a fully-fledged application token akin to CRV in Curve DAO or EPS in Ellipsis.

The token can be used in providing its holders come privileges and rights, which include voting in community matters, capture of specific value and staking. Such a comprehensive strategy has helped to extend SUN’s role in the TRON system’s still-developing world.

In the past, SUN has been characterized by high fluctuations in the price per share. After launching in approximately September 2020 at $23, the token underwent redenomination in the second quarter of 2021, placing it within the $0.02 and $0.03 range. After that, the price of SUN started to fluctuate, with periods of increase and decrease corresponding to the dynamics of the dystopian crypto market.

At the time of writing this content, there is approximately 9,77 billion SUN in circulation, and the maximum supply of this token is 19,90 billion. As can be seen, this controlled supply mechanism contributes to the token’s economic model and, thus, its value proposition in the long run.

SUN performs quite well when it comes to trading volume; tokens worth $27.18 million have been traded within the last one day. This means that there is an increase in the level of interest and liquidity in trade of the token which is 16.13% higher than the initial level indicated above.

As for the outlook, there exists more or less dissimilarities between estimated projections for SUN’s performance in the future. Depending on the forecasts, the token might reach between $0.03 and $0.04 in 2025, with more ambitious goals at $0.10 in 2030. All the same, as with every prediction touching on cryptocurrencies, these estimates should be taken with the right pinch of salt, given the dynamism of the market.

It is necessary to understand that SUN’s activity directly depends on the performance indicators of the SUN.io platform and the TRON ecosystem as a whole. Since DeFi is still a growing space, it might find more uses in swaps for stablecoins or to provide the necessary and proper governance mechanisms for SUN, and therefore, more demand for the token in the future.

Given this, to understand the potential of SUN and its impact on investors and users, it is necessary to follow the developments within the TRON network and look for the tendencies of Defi development. The future of the token, as well as its viability and usage in the oversaturated market of cryptocurrencies, will be critical.