The TRON ecosystem enters a new era of decentralized trading: SunPerp launches with a revolutionary new Chinese brand, "Sun Wukong."

SunPerp, the TRON ecosystem's first decentralized perpetual contract exchange (Perp DEX), has officially launched with a new Chinese brand, "Sun Wukong," marking the first time a DEX in DeFi history adopts a Chinese brand. Announced at the TOKEN2049 Summit, the platform aims to merge the user experience of centralized exchanges with the security and transparency of DeFi.

Key features and announcements include:

Hybrid Architecture: Combines on-chain settlement with off-chain matching for high-speed transactions and full on-chain custody of user funds.
Low Fees & Zero Gas: Promises the industry's lowest transaction fees and a "zero gas strategy" that refunds initial gas fees for users.
Privacy & Security: Features a "Dark Pool" mode to hide order books and prevent targeted liquidations.
Multi-Chain Expansion: Plans to integrate Ethereum, BSC, Arbitrum, and Solana by end of October, with more chains like Polygon, Aptos, and Sui to follow.
Tokenomics: Platform token SUN will be used for governance, fee discounts, and incentives, with 100% of platform revenue used to buy back and burn SUN.
User Incentives: Offers up to 12% annualized returns for USDT staking, points rewards for trading and staking, and various community activities.
Growth Metrics: Already attracted over 10,000 users and $900 million in trading volume during its beta, with plans to expand to 100-200 trading pairs.

This launch signifies TRON's evolution from a "payment chain" to a comprehensive "transaction chain," enhancing its DeFi ecosystem.

At the globally anticipated TOKEN2049 Summit, SunPerp, the TRON ecosystem's first decentralized perpetual contract exchange (Perp DEX), officially launched and unveiled its new Chinese brand, "Sun Wukong," becoming the first DEX in DeFi history to adopt a Chinese brand. With its unique hybrid architecture, high-speed transaction matching capabilities, fully on-chain fund custody, and the industry's lowest transaction fees, SunPerp aims to seamlessly combine the smooth experience of centralized exchanges (CEXs) with the asset sovereignty and transparency of decentralized finance (DeFi). This is not only a key step for the TRON ecosystem, but also heralds TRON's evolution from a leading global "payment chain" to a powerful "transaction chain."

Ushering in a New Era of Decentralized Finance: TRON Moves from a "Payment Chain" to a "Transaction Chain"

In his speech, Justin Sun, founder of TRON and advisor to Huobi HTX and SunPerp, noted that the TRON ecosystem holds a dominant position in the global USDT market, boasting a vast capital and user base, which provides SunPerp with unique advantages. SunPerp aims to become the core infrastructure for derivatives within the TRON ecosystem, transforming TRON from a payment-focused "payment chain" to a "transaction chain" with deep financial attributes.

Justin Sun said, "Decentralization is the future of all financial products. We have witnessed an irreversible trend: capital is flowing from centralization to decentralization. Our goal is to stand on the shoulders of giants, learn from the experience of pioneers, and build the most mature and revolutionary decentralized perpetual contract exchange, providing global users with truly democratized financial tools."

SunPerp utilizes a hybrid architecture combining on-chain settlement and high-speed off-chain matching, ensuring user funds are fully managed by smart contracts, eliminating platform risks. It also provides millisecond-level transaction response times, delivering a user experience comparable to top CEX platforms. This means that 8 billion people worldwide can now participate in the global financial market securely and freely, anytime, anywhere, with a single Web3 wallet.

During the public beta period, SunPerp has attracted more than 10,000 users and a cumulative transaction volume of more than 900 million USDT. It plans to expand the trading pairs to 100-200 in the next few weeks to provide users with more abundant trading opportunities.

Defining a new standard for Perp DEX with revolutionary products and experiences

Justin Sun introduced several breakthrough products and services in detail at the press conference:

Fee Strategy: SunPerp promises to provide the lowest transaction fee in the entire network and launches a "zero gas strategy" to fully refund the gas fees incurred by users during the first authorization, recharge and withdrawal process, significantly reducing users' transaction costs.

Privacy and Security: The platform utilizes a unique "Dark Pool" preset privacy mode, which conceals order book and position information, effectively preventing liquidity attacks and targeted liquidations. Optional disclosure will also be offered in the future to meet user needs for leading orders or compliance.

Professional tools and asset coverage: In addition to the low-latency API that has been launched to support high-frequency and quantitative trading, SunPerp is also actively developing mobile applications and will integrate mainstream applications such as TWAP, Telegram Bot, TokenPocket, OKX Wallet, etc. to provide users with a more complete trading experience.

Asset efficiency and cross-chain opportunities: Perp transactions are not restricted by the "spot native chain". SunPerp can bring trading opportunities of popular public chains such as Solana, BSC or Ethereum to the TRON chain for efficient settlement.

Multi-chain Expansion Plan: SunPerp will soon expand support for multiple mainstream public chains, creating a new standard for multi-chain perpetual contracts. This includes: On October 15th, the initial integration of Ethereum, BSC, and Arbitrum will enable full interoperability of mainstream assets; on October 31st, Solana will be integrated, activating both EVM and non-EVM ecosystems and enabling diversified trading scenarios; and the gradual opening of popular public chains such as Polygon, Aptos, and Sui will cater to a wider range of user needs.

Towards a Sustainable Future: Synergy of Safety, Value, and Ecosystem

The birth of SunPerp proves that centralized and decentralized platforms are not mutually exclusive, but rather mutually complementary. Centralized platforms are the first gateway for new users into the crypto world, while decentralized platforms further guarantee the security and freedom of their assets. The goal of this revolution is to provide a seamless experience, allowing more users to safely and freely transition from the centralized world to the world of decentralized finance.

To achieve this vision, SunPerp has created a unique token economic model that closely ties platform growth to user value. The platform's token, SUN, will play a core role. 100% of platform revenue will be used to repurchase and burn SUN tokens. This economic model is designed to create strong value capture for the token. In the future, SUN will also be used for governance, fee discounts, and incentive distribution, forming a powerful closed-loop value chain.

Beyond its robust economic model, SunPerp's commitment to users is also reflected in its relentless pursuit of security and ecosystem collaboration. The platform prioritizes user asset security and has launched an insurance fund to create a worry-free trading environment. This fund provides a solid backing for user asset security, ensuring that even in extreme market volatility or system failures, user rights are protected, demonstrating its unwavering commitment to user asset security. Furthermore, the platform has established in-depth partnerships with top market makers, renowned wallet providers, and community platforms to build a thriving ecosystem.

With the launch of SunPerp, the TRON ecosystem has been comprehensively strengthened and enhanced. From SunSwap, the cornerstone of trading, to SunPump, a symbol of crypto community culture, to SunPerp, which activates the future of derivatives, TRON is building the world's most complete and open DeFi ecosystem.

Innovative growth and incentive model: empowering users and giving back to the community

At the press conference, Justin Sun unveiled a series of powerful growth and incentive plans designed to quickly launch the user ecosystem and ensure that every participant can benefit. These incentive plans will be launched after TOKEN2049.

Stable returns of up to 12%: The platform offers a unique "staking mining" feature, allowing users to earn up to 12% annualized returns simply by depositing USDT. This not only provides users with attractive, stable returns but also allows for 24/7 access to their funds, significantly improving the utilization of the tens of billions of dollars in stablecoins within the TRON ecosystem.

Comprehensive Points Rewards: SunPerp encourages active user participation by earning points for all activities on the platform, including staking, trading, and market making. These points will have multiple uses, extend back to the public beta period, and can be redeemed for platform tokens or other exclusive benefits in the future.

Rich community activities and rewards: The platform will continue to host a variety of community activities, such as trading competitions, market-making incentives, and referral rebate mechanisms. Through the platform's diverse activities and products, every community member can gain substantial rewards from the development of the SunPerp ecosystem and jointly promote the wave of decentralized finance.

The new Chinese brand "Sun Wukong" makes a stunning debut

The highlight of the event was the official unveiling of SunPerp's Chinese brand. When Justin Sun uttered the three characters "Sun Wukong," the audience erupted in applause. As the world's first decentralized exchange to adopt a Chinese brand, "Sun Wukong" symbolizes the openness and inclusiveness of decentralized finance, representing the platform's fearlessness of challenge, its willingness to disrupt, and its determination to forge ahead. It also provides a brand symbol imbued with imagination and sentiment for Chinese users worldwide. Through this initiative, "Sun Wukong" seamlessly integrates Chinese culture with a global narrative, ushering in a new chapter in the development of DeFi branding.