The Monkey King Returns: How Sun Yu Chen's "Monkey King" Staged a Legendary Come-From-Behind Contract Victory?
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The Monkey King Returns: How Sun Yu Chen's "Monkey King" Staged a Legendary Come-From-Behind Contract Victory?
Sun Wukong's rise represents not only Sun Yuchen's another precise positioning in the decentralized contract赛道, but also symbolizes the resurgence of the Chinese DEX narrative.
Navigating Web3 tides with focused insightsImpacted by the "1011 Black Swan Event," crypto market sentiment has clearly cooled over the past two weeks, with overall trading volume continuously declining. Bitcoin has fluctuated and pulled back, funding规模 in the derivatives market has contracted, and activity across major decentralized exchanges has generally decreased.
However, amid this widespread downturn in on-chain trading data, the TRON ecosystem stands out remarkably. According to Lookonchain data: despite the broader market weakness, TRON has seen counter-trend growth in DEX trading volume, perpetual contract market volume, and active address counts.
Data shows TRON’s key metrics in DEX and perpetual markets growing against the trend
Data doesn't lie: Sun Wukong's growth curve
Sun Wukong has shown strong momentum since launch, quickly climbing rankings.
● Trading Volume: Platform futures trading volume rapidly surpassed 2.8 billion USDT, with a single-day peak exceeding 100 million USDT;
● Depth and Liquidity: BTC depth at 0.1% improved by 330%, at 0.5% by 288%, at 1% by 156%; ETH depth at 0.1% improved by 264%, at 0.5% by 210%, at 1% by 150%
● Funds Deposited: As of October 24, total funds deposited exceeded 88 million USDT, with healthy expansion of the capital pool;
● User Activity: Registered users surpassed 28,000, with registered addresses growing in tandem and discussion热度 in Chinese communities rising noticeably.
In comparison, Sun Wukong launched relatively late—against the backdrop of projects like Hyperliquid and Aster already capturing market share—making this performance a case of “latecomer leading,” reflecting its integrated strengths in narrative, ecosystem, and product.
Sun Wukong continues to set new data records
Narrative-driven: Resonance between Eastern symbolism and decentralization
In the Web3 world, narrative is often where traffic begins.
The name Yangzhou Sun is nearly synonymous with "traffic gateway" in the crypto industry. Sun understands this well—from TRON to USDD, from MemeCoins to million-dollar bananas, from HTX DAO to People's Exchange—he has pushed the logic of "narrative → traffic → product" to its extreme.
This time, he chose a name with even greater cultural power—Sun Wukong.
This name itself is a timeless Eastern symbol representing a spirit of "defiance, courage to challenge, and rebirth through breaking conventions." This spirit naturally aligns with the freedom and rebellious nature of decentralization. Therefore, "Sun Wukong" is more than just a brand name—it's a fusion of cultural narrative and technological ethos.
This narrative gives Sun Wukong inherent differentiation and allows it to quickly gain emotional resonance and recognition within Chinese communities.
Underlying ecosystem support: TRON's stability and momentum
TRON is not a new ecosystem, but its enduring strength has enabled Sun Wukong to take off steadily.
Backed by native stablecoin (USDT) circulation, low transaction fees, and high TPS, Sun Wukong enjoys clear advantages in underlying performance and cost efficiency.
More importantly, the long-accumulated user base and capital pools on TRON provide Sun Wukong with real, organic traffic. This is especially evident in on-chain data: TRON’s DEX trading volume has grown rapidly recently, and the growth curve of new users in the derivatives market almost perfectly aligns with Sun Wukong’s launch timeline.
In this sense, Sun Wukong isn’t merely “riding the wave”—it has become TRON’s “second growth curve.”
Product breakthrough: Real gains in user experience
If narrative and ecosystem form the external conditions, then product experience is Sun Wukong’s true killer feature and core.
For years, decentralized futures trading has faced three major hurdles: “high barriers, poor experience, insufficient depth.” Sun Wukong’s strategy is to “deliver CEX-level smoothness on a DEX.”
On the product side, Sun Wukong is accelerating its multi-chain and multi-currency rollout: the platform now officially supports major public chains including TRON, Ethereum, BNB Chain, and Arbitrum, with plans to expand at a pace of “two new chains per week”; it has added opening positions with multiple stablecoins such as USDC and USDD, further enhancing currency flexibility and capital efficiency.
Notably, community feedback plays a crucial role in Sun Wukong’s product optimization.
After Liang Xi and other community members suggested “improving market depth,” Sun Wukong personally pushed for implementation. The team responded swiftly, with market makers and capital aligned effectively—within just two days, depth for the K2 trading pair increased by 2–3x. This efficient feedback mechanism has become a key differentiator for Sun Wukong compared to other DEXs.
Meanwhile, Sun Wukong continues rolling out a series of user-friendly initiatives:
Zero-fee limited-time campaign: From 11:00 on October 21 to 24:00 on November 3, all maker orders of any size will enjoy zero fees;
Auto-interest feature: Users depositing USDT into their platform accounts automatically earn a 12% annualized return, with no manual operation required, no lock-up period, and no impact on regular futures trading.
$100 million “Together We Sail” Co-Creation Fund: All users who incurred losses on DEX platforms such as Hyperliquid, Aster, Lighter, GMX, etc., can apply for subsidies based on their loss amount, ranging from 5 USDT to 5,000 USDT.
Through this combination of “experience optimization + user incentives + community co-creation,” Sun Wukong has not only redefined the DEX user experience but also reshaped the relationship between users and the platform. Users are no longer just traders—they are co-builders of the ecosystem. This explains why Sun Wukong was able to quickly build an active community and generate organic word-of-mouth shortly after launch.
Later entrants can still lead
Sun Wukong’s rise represents both another precise move by Yangzhou Sun in the decentralized futures space, and a resurgence of Chinese-language DEX narratives.
In a crypto world long dominated by Western technical storytelling, it redefines the possibilities of decentralized trading through an Eastern, community-driven, product-focused approach.
As the market enters an era of competition within a saturated user base, success will be determined by the integration of narrative, ecosystem, and product. Sun Wukong is using data and action to prove that latecomers can lead, and progress is possible even against the tide.
What we may be witnessing is not just the success of a futures DEX, but the shift of Chinese DeFi narratives from the periphery to the center.
The Great Sage’s return is more than a fable. It might just be becoming the real script of the decentralized futures world.
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