Sun Yuchen enters the perpetual contract DEX: SunPerp, not just a Perp DEX

On the evening of September 19, Beijing time, TRON founder and Huobi HTX global advisor Justin Sun attended the "Boundless Imagination in the Era of DEX 2.0" themed X Space jointly hosted by Huobi Live, TRON, and SunPerp, officially introducing its newly launched decentralized perpetual contract trading platform—SunPerp—to the crypto community. This is the first natively built perpetual contract DEX in the TRON ecosystem and represents a deep layout based on the advantages of TRON's stablecoin.

During the live stream, Justin Sun systematically elaborated on key information such as SunPerp's strategic positioning, product features, and user incentive mechanisms. He emphasized that SunPerp is expected to help TRON complete its transformation from a transfer chain to a trading chain, bringing about a new wave of explosive growth.

Justin attends the "Boundless Imagination in the Era of DEX 2.0" themed X Space

Key Piece of the Ecological Layout: Why SunPerp is Necessary

The birth of SunPerp is by no means a spur-of-the-moment decision; it holds significant strategic importance for the development of the TRON ecosystem. Justin Sun pointed out that most mainstream public chains have launched perpetual contract platforms, while TRON still has a gap in this area. Therefore, from the perspective of defensive strategies for public chain ecosystems, laying out a perpetual contract DEX is crucial for TRON. The TRON network has the largest circulation of USDT, and perpetual contracts are one of the key application scenarios for USDT. SunPerp aims to meet the trading needs of TRON users and unleash the ecosystem's immense potential.

Justin Sun believes that perpetual contracts, with their better liquidity, more convenient settlement, higher capital efficiency, and lack of restrictions from the asset's native chain, will replace spot trading and become a new trend in cryptocurrency investment. Backed by TRON's infrastructure advantages at the stablecoin level, SunPerp will have a natural capital pool. Currently, there are millions of transfer users on the TRON network every day; even converting just 1% of these users could reach the contract user volume of a second-tier centralized exchange, highlighting its vast development prospects. Therefore, despite entering the market later, Justin Sun is confident in SunPerp's development: "We firmly believe in the Perp track and believe that with an excellent product experience and solid underlying services, we can achieve success as a latecomer."

In the future, SunPerp will also expand to more public chains such as Ethereum and BSC, and complement the ecosystem with Huobi HTX. Huobi HTX targets centralized scenarios, while SunPerp serves on-chain trading users, forming a combined strategy.

SunPerp's "Establish First, Break Later": From Product Refinement to Growth Strategy

Currently, SunPerp is in the early public testing phase. As of September 20, the third day of public testing, the number of registered users has exceeded 1,000. In the short term, the team's primary task is to focus on refining the product, ensuring smooth trading and market depth, and continuously expanding asset coverage, timely listing popular assets, and solidifying the foundation of user experience. As for more user growth features, they will be iterated in subsequent versions.

SunPerp DEX public testing opens on the third day, with registrations exceeding 1000+

"We chose not to implement points, airdrops, or leaderboards in the early stages, as we hope to refine the most basic trading loop and achieve the utmost smoothness in trading and matching experience. Just like the relationship between 1 and 0, we need to get that first 1 right before developing countless 0s afterward," Justin Sun emphasized. He also made it clear that all on-chain behaviors of early users will be fully recorded and will be recognized once the incentive system is launched in the future, "As long as the transactions are conducted before the future activities begin, the users' trading data will be recognized."

Justin Sun also revealed that he will hold a SunPerp launch event during TOKEN2049 on October 1, where more significant news will be announced.

Super Strong Benefits: The Lowest Contract Rates in the Industry, Only at SunPerp

In addition to powerful trading tools, rich benefits and activities are also an essential part of the user experience. In this regard, SunPerp has also made ample preparations. First is the lowest contract rate in the industry, "SunPerp is like Pinduoduo in the DEX world; we have pushed the contract rates down to the lowest in the industry," Justin Sun said. Additionally, SunPerp will soon launch a "Recharge for Real Gold" campaign, which will effectively return transaction gas fees to users. Currently, mainstream user acquisition methods in the industry, including rebate incentives, point airdrops, and copy trading systems, will also be gradually launched.

In terms of incentive mechanisms, SunPerp will introduce two mining models. The first is "Deposit Mining," where users can earn up to 12% annualized returns by depositing funds into SunPerp, with support for instant deposits and withdrawals; the second is "Trading Mining," where users can earn $SUN token incentives just by opening positions on SunPerp, significantly enhancing user returns and engagement.

$SUN will be fully empowered as SunPerp's platform token. Justin Sun stated that the plan is to use SunPerp's profits for $SUN buybacks to support the token's value and stability. In the future, $SUN will also be endowed with more application scenarios.

How to Create an On-Chain Trading Experience Comparable to CEX

During the live stream, Justin Sun repeatedly emphasized that SunPerp's core goal is "to create an on-chain trading experience comparable to CEX." This includes slip control, matching efficiency, leverage capability, and the timeliness and depth of asset support. "If we can achieve CEX-level standards in asset coverage, capital efficiency, and trading depth, the vast payment user base of TRON could very well be converted into trading users of SunPerp," Justin Sun said.

SunPerp currently uses zero-knowledge proof (ZK) technology to transmit order information to the TRON mainnet, ensuring user privacy. Unlike many perpetual contract DEXs, SunPerp allows users to choose whether to display their positions, and it does not default to publicizing position data.

Regarding the users' most concerned issue of fund security, SunPerp also aligns with the standards of large centralized exchanges. Justin Sun stated that the team will implement strict controls to prevent security incidents, eliminating issues such as price manipulation and targeted liquidation that have occurred with other perpetual contract DEXs. At the same time, relying on strong capital support, SunPerp has also built a compensation guarantee mechanism, establishing an independent risk reserve address, which can provide a safety net for users even in the event of security issues.

Starting from SunPerp: Justin Sun's Growth and Original Intention

After more than a decade of hard work in the crypto industry, Justin Sun continues to innovate. In the past year alone, new products such as SunPump, USDD 2.0, and SunPerp have emerged. At the end of the live stream, Justin Sun also talked about the significance of SunPerp in his personal entrepreneurial cycle. He believes that his entrepreneurial rhythm has undergone significant changes; compared to the early years of "working hard and acting quickly," the new product development has now entered a more mature and systematic stage. "Now, every new project is a well-considered strategic decision. SunPerp is not something we rushed to create just because we saw the track was hot yesterday; rather, it is a deep layout we made for the next step in the development of the TRON ecosystem."

For Justin Sun, what has never changed is the passion for continuously building the crypto industry. "Isn't it still quite passionate now?" he said with a smile.