Respect the market, adhere to long-termism: Sun Wukong, with double-depth momentum, builds the "newest, best, most stable" contract platform
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Respect the market, adhere to long-termism: Sun Wukong, with double-depth momentum, builds the "newest, best, most stable" contract platform
You are not fighting alone.
Navigating Web3 tides with focused insights
On October 15, a recent X Space event hosted by Sun Wukong, the world's first Chinese decentralized perpetual contract trading platform, once again captured the attention of the crypto market. Project advisor Justin Sun joined prominent KOLs including Liang Xi and Zishi to discuss the market landscape following extreme volatility, platform product updates, and future ecosystem strategies.
$200 Million "Together We Stand" Co-Creation Fund: "You Are Not Alone"
During the livestream, Justin Sun announced a highly anticipated update—the launch of the "Together We Stand" co-creation fund, with Huobi HTX and Sun Wukong each contributing $100 million to support users who suffered losses during recent black swan events, helping them rebuild confidence and navigate through difficult times.
Eligibility for the fund is not restricted by platform or blockchain network. Users from decentralized platforms such as Hyperliquid, Aster, Lighter, GMX, or other centralized exchanges can apply for subsidies based on their individual loss levels, ranging from 5 USDT to 5,000 USDT.
"This initiative reflects our team’s commitment to supporting users in tangible ways—sending a clear message: you are not alone," said Justin Sun.
Expanding Across Chains: Enabling More Flexible and Efficient Trading
Justin Sun shared with the community the latest progress of the Sun Wukong platform.
He revealed that one of the most significant product updates this week is the platform's official support for deposits and trading across multiple major public chains, including TRON, Ethereum, BNB Chain, and Arbitrum, with plans to expand at a pace of two new chains per week.
In addition, Sun Wukong will soon launch position opening functionality with multiple stablecoins including USDC and USDD, further enhancing currency flexibility and capital efficiency.
"With our multi-chain strategy, users can manage assets across chains and enjoy more efficient trading experiences. Supporting multi-stablecoin trading allows users to freely choose their preferred stablecoin for contract operations, reducing trading risks and optimizing liquidity," said Justin Sun.
Doubled Liquidity Depth: Dual Optimization of Performance and User Experience
In response to user feedback regarding liquidity depth and slippage, Justin Sun disclosed that Sun Wukong has formally onboarded market makers and secured financial backing, significantly boosting overall liquidity. Data shows that as of October 16, the platform's trading depth has doubled, with BTC depth at 0.1%, 0.3%, and 0.5% improving by 203%, 271%, and 253% respectively, while ETH depth at the same levels increased by 240%, 165%, and 159%.
"We collect and act on user feedback immediately—whether it’s product features or user experience improvements, we follow up promptly," said Justin Sun.
Notably, during the intense market fluctuations on October 11, both Sun Wukong and Huobi HTX demonstrated strong stability, with no downtime or trading interruptions. For the newly launched Sun Wukong, this extreme scenario served as a critical "stress test," which the platform passed successfully thanks to its robust system architecture. As for Huobi HTX, its asset price corrections were significantly milder compared to most exchanges, showing the lowest overall volatility and highlighting the resilience and risk resistance of its mature trading system.
"Extreme conditions are the best litmus test," emphasized Justin Sun. "We will remain humble and continue focusing on deep liquidity building and user experience optimization—addressing weaknesses, refining features, and accelerating the listing of new tokens to provide users with more diverse trading options and market opportunities."
From Stability to Innovation: Sun Wukong’s Commitment to Long-Term Growth
Currently, the Sun Wukong platform has rolled out multiple user incentive programs aimed at lowering trading barriers and enhancing yield experiences:
- Lowest trading fees across the industry, with transaction fee discounts of up to 55%;
- 12% annualized yield with USDT auto-earning interest, no lock-up, no freezing, and no limits;
- 20% lifetime commission rebate—both inviter and invitee benefit from trading dividends;
- Rewards for first deposit and trade: receive 70 SUN tokens when depositing or trading ≥100 USDT; 100% Gas fee reimbursement for first-time Approve transactions.
Justin Sun added that the platform will gradually introduce growth incentives such as points mining and trading mining to boost user engagement and community activity. Additionally, Sun Wukong plans to integrate mainstream wallets like MetaMask and Binance Wallet, and enable one-click trading via H5, further expanding traffic access points and building a more convenient and efficient user ecosystem.
"Through stable mechanisms and innovative design, we aim to grow Sun Wukong into a reliable, stable, and high-performance perpetual contract trading platform—the newest, optimal, and most stable benchmark in the industry—delivering secure, convenient, and diversified trading experiences for global Chinese-speaking traders."
About Sun Wukong (SunPerp)
Sun Wukong (SunPerp) is the world’s first Chinese decentralized perpetual contract trading platform, designed to combine the seamless experience and security of centralized exchanges with the asset sovereignty of decentralized finance, creating a next-generation on-chain derivatives infrastructure. Centered around Chinese-language user experience, the platform leverages advantages such as the lowest network-wide fees, zero-Gas trading, on-chain secure custody, high-performance order matching, cross-chain liquidity aggregation, and intelligent risk control mechanisms, aiming to provide Chinese-speaking traders with a friendly, fair, efficient, and open DeFi derivatives trading service.
As the first decentralized trading platform built specifically for Chinese trading habits, Sun Wukong aims to promote the natural integration of Eastern culture and decentralized technology through an open philosophy.
To learn more about Sun Wukong, visit www.sunwukong.io; for inquiries, contact market@sunperp.co
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