Sun Yuchen enters the perpetual contract DEX arena: SunPerp launches "lowest fees across the entire network"
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Sun Yuchen enters the perpetual contract DEX arena: SunPerp launches "lowest fees across the entire network"
Sun Yuchen, founder of TRON, has launched SunPerp, a perpetual contract trading platform and the first native perpetual DEX in the TRON ecosystem. Leveraging TRON's USDT advantages, the platform offers the lowest contract fees in the industry, uses ZK technology to protect user privacy, and plans to incentivize users through mechanisms such as deposit mining and trading mining. This strategic move aims to transform TRON from a transfer-focused chain into a trading-focused chain, filling the gap in perpetual contracts within its ecosystem.
Navigating Web3 tides with focused insightsSun Yuchen Enters the Perpetual Contract DEX Space: SunPerp, More Than Just a Perp DEX
On the evening of September 19, Beijing time, Justin Sun, founder of TRON and global advisor of Huobi HTX, attended the "Boundless Imagination in the DEX 2.0 Era" themed X Space hosted jointly by Huobi Live, TRON, and SunPerp, officially introducing to the crypto community his latest decentralized perpetual contract trading platform—SunPerp. This is the first native perpetual contract DEX built within the TRON ecosystem and represents a strategic deepening of TRON's stablecoin advantages.
During the livestream, Sun Yuchen systematically outlined key aspects of SunPerp including its strategic positioning, product features, and user incentive mechanisms. He emphasized that SunPerp has the potential to drive TRON’s transformation from a transfer-focused chain into a transaction-centric chain, ushering in a new wave of explosive growth.
Justin attends the "Boundless Imagination in the DEX 2.0 Era" themed X Space
A Key Piece in Ecosystem Expansion: Why SunPerp Was Necessary
The emergence of SunPerp was far from impulsive—it holds significant strategic importance for the development of the TRON ecosystem. Sun pointed out that most major public chains have already launched perpetual contract platforms, while TRON had remained absent in this area. Therefore, from the perspective of ecosystem defense strategy, launching a perpetual contract DEX is crucial for TRON. The TRON network hosts the largest circulating supply of USDT, and perpetual contracts represent one of the key use cases for USDT. SunPerp aims to meet the trading demands of TRON users and unlock the ecosystem’s vast potential.
Sun believes that due to advantages such as superior liquidity, easier settlement, higher capital efficiency, and freedom from native chain restrictions, perpetual contracts will replace spot trading as the new trend in cryptocurrency investment. Backed by TRON’s infrastructure strengths in the stablecoin sector, SunPerp will enjoy access to a natural liquidity pool. Currently, the TRON network sees millions of daily transfer users; even converting just 1% of them would allow SunPerp to reach the scale of a second-tier centralized exchange in terms of contract users—demonstrating its enormous growth potential. Despite entering the market relatively late, Sun expressed full confidence in SunPerp: "We firmly believe in the perp赛道 and are confident that with an outstanding product experience and solid underlying services, we can achieve a latecomer’s advantage."
In the future, SunPerp will expand to other public chains such as Ethereum and BSC, and form an ecosystem synergy with Huobi HTX. While Huobi HTX serves centralized scenarios, SunPerp caters to on-chain traders, creating a powerful combined offering.
SunPerp’s “Build First, Then Disrupt”: From Product Refinement to Growth Strategy
SunPerp is currently in its early public testing phase. As of September 20—the third day of the test—registrations have surpassed 1,000. In the short term, the team’s primary focus is refining the product, ensuring smooth trading and sufficient market depth, continuously expanding asset coverage, promptly listing trending assets, and laying a solid foundation for user experience. Additional features aimed at user growth will be iteratively introduced in later versions.
Sunperp DEX Reaches Over 1,000 Registrations on Day 3 of Public Testing
"We chose not to launch points systems, airdrops, or leaderboards in the early stage because we want to perfect the core trading loop and deliver an exceptional trading and matching experience. It’s like the relationship between 1 and 0—you must get the '1' right before adding countless '0s' behind it," emphasized Sun Yuchen. He also clarified that all on-chain activities of early users will be fully recorded and retroactively recognized once the incentive system launches: "All trading data generated prior to the start of official campaigns will be acknowledged."
Sun also revealed he will host a SunPerp launch event during TOKEN2049 on October 1, where more major announcements will be made.
Exceptional Benefits: Industry-Lowest Contract Fees, Only on SunPerp
Beyond powerful trading tools, generous benefits and activities are also essential to user experience—and SunPerp is well prepared in this regard. First is its industry-lowest contract fee: "SunPerp is like the Pinduoduo of DEXs—we’ve driven contract fees down to the lowest level in the industry," said Sun Yuchen. Additionally, SunPerp will soon launch a "Deposit to Get Real Funds" campaign, directly reimbursing users’ transaction gas fees. Mainstream user acquisition methods used across the industry—including commission rebates, points airdrops, and copy-trading systems—will also roll out gradually.
On incentives, SunPerp will introduce two mining models. The first is "deposit mining," where users earn up to 12% annualized returns by depositing funds into SunPerp, with full flexibility for instant deposits and withdrawals. The second is "trading mining," where opening a position on SunPerp earns users $SUN token rewards, significantly enhancing both returns and engagement.
$SUN will serve as SunPerp’s platform token and receive comprehensive utility. Sun stated plans to use SunPerp’s revenues for $SUN buybacks to support the token’s value and stability. Further use cases for $SUN will be added in the future.
Delivering a CEX-Level On-Chain Trading Experience
During the livestream, Sun Yuchen repeatedly stressed SunPerp’s core goal: "delivering an on-chain trading experience comparable to CEXs." This includes dimensions such as slippage control, matching efficiency, leverage capability, and timeliness and depth of asset support. "If we can match CEXs in asset coverage, capital efficiency, and trading depth, TRON’s massive base of payment users could very well convert into SunPerp traders," Sun said.
SunPerp currently uses zero-knowledge (ZK) proofs to transmit order information to the TRON mainnet, protecting user privacy. Unlike many other perpetual contract DEXs, SunPerp allows users to choose whether to display their positions—positions are not publicly visible by default.
Regarding the most critical concern—fund security—SunPerp sets its standards at par with top centralized exchanges. Sun stated the team will implement strict safeguards to prevent security incidents and eliminate issues such as price manipulation and targeted liquidations seen in other perpetual DEXs. Supported by strong financial backing, SunPerp has also established a compensation protection mechanism, including a dedicated risk reserve fund address, to provide a safety net for users even in the unlikely event of a security breach.
Beyond SunPerp: Sun Yuchen’s Growth and Original Vision
After over a decade in the crypto industry, Sun Yuchen continues to innovate relentlessly. In the past year alone, new products including SunPump, USDD 2.0, and SunPerp have been launched. At the end of the livestream, Sun reflected on the personal significance of SunPerp within his entrepreneurial journey. He noted a major shift in his pace and approach—from the earlier days of "quietly building and moving fast," his product launches have now entered a more mature and methodical phase. "Each new project today is a carefully considered strategic decision. SunPerp wasn’t rushed in response to a hot trend yesterday, but rather a deep strategic move for the next phase of TRON’s ecosystem."
For Sun Yuchen, what remains unchanged is his enduring passion for advancing the crypto industry. "I’m still just as passionate about it," he said with a smile.
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