Trading volume exceeds 410 million, first-phase report of Sun Wukong's "transaction mining" released, excess fee rebates ignite market
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Trading volume exceeds 410 million, first-phase report of Sun Wukong's "transaction mining" released, excess fee rebates ignite market
The first phase of Sun Wukong's trading mining event is currently in the second half. The event will officially conclude on December 6, 2025, at 20:00 (UTC+8).
Navigating Web3 tides with focused insights
As the on-chain derivatives sector continues to expand, Perp DEXs have recently hit new highs in overall trading volume, increasing user demands for deeper liquidity and lower fees. Against this backdrop, the "Phase 1 Trading Mining" campaign launched by Sun Wukong (SunX) has quickly gained traction in the competitive DEX market, thanks to its innovative and highly generous "negative fee" incentive mechanism.
Data Surge: Dominating Across the Board, Top Choice for User Arbitrage
According to the latest official operational data, as of December 2 at 17:00 (UTC+8), just days after launch, the campaign's total trading volume surpassed 410 million USDT. Amid intensifying competition in the Perp DEX space, this figure not only highlights strong on-chain demand for low-cost trading but also reflects Sun Wukong’s (SunX) significant success in capturing liquidity and boosting user activity.
In terms of returns, the scale of incentives has also drawn considerable market attention. Since the campaign began, Sun Wukong (SunX) has distributed a total of 3,939,056 SUN tokens (worth approximately 82,484 USDT) in rewards and saved users 76,853 USDT in transaction fees. Clearly, for users focused on high-frequency and strategic trading, this "negative fee" model significantly enhances cost control and encourages participation.
Breaking Fee Barriers: Bidirectional Subsidies for Makers and Takers
In traditional Perp DEX models, high gas and trading fees are often the biggest obstacles for high-frequency traders. The core logic behind Sun Wukong’s (SunX) campaign is to transform trading costs into asset gains through a "trading mining" model, thereby organically building deep liquidity via market-driven behavior.
Under the rules, users trading $BTC, $ETH, and $SUN perpetual contracts not only receive 100% fee rebates but also earn additional $SUN token rewards.
● Maker reward rate up to 110%: strengthens order book incentives, attracts more capital, and improves market depth;
● Taker reward rate up to 107%: encourages aggressive execution, increases market turnover and overall trading activity.
Additionally, to ensure fairness and sustainability in reward distribution, there is a cap of 500 USDT worth of SUN tokens per user per hour. The daily incentive pool reaches 90,000 USDT, with a total reward pool of up to 1,350,000 USDT. This "trade-to-mine, mine-to-profit" model directly converts trading costs into immediate profits.
Closed Economic Model: Fee Buyback and Burn
While offering substantial rewards, Sun Wukong (SunX) has also demonstrated careful design in the $SUN tokenomics.
The team has clearly stated that all trading fees collected from participants during the event will be fully used to repurchase $SUN tokens, which will then be completely burned at the end of each quarter.
This "buyback + burn" mechanism transforms the massive trading volume generated by the campaign into direct buying pressure on $SUN, supporting stable token value appreciation while boosting trading activity—achieving a win-win-win outcome for the platform, token holders, and traders.
Final Countdown: Event Ends December 6
Currently, Sun Wukong’s Phase 1 Trading Mining event is entering its second half and will officially conclude on December 6, 2025, at 20:00 (UTC+8).
In today’s environment of surging Perp DEX trading volumes, Sun Wukong’s real cash "negative fee" subsidies are making it a key hub for on-chain traders to hedge risks and capture gains. For users seeking low-slippage, high-depth trading conditions, now remains the optimal window to participate.
About Sun Wukong (SunX)
Sun Wukong (SunX) is the world’s first Chinese-language decentralized perpetual contract trading platform, aiming to combine the smooth experience and security of centralized exchanges with the asset sovereignty of decentralized finance, creating a next-generation on-chain derivatives infrastructure. With a focus on Chinese-language user experience, the platform leverages advantages such as the lowest fees across the network, 0 Gas trading, on-chain secure custody, high-performance matching, cross-chain liquidity aggregation, and intelligent risk management systems to deliver friendly, fair, efficient, and open DeFi derivative trading services for Chinese-speaking traders.
As the first decentralized trading platform specifically designed for Chinese trading habits, Sun Wukong aims to promote the natural coexistence of Eastern culture and decentralized technology through an open philosophy.
To learn more about Sun Wukong, visit www.sunwukong.io; for inquiries, contact support@sunx.io
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