Justin Sun Announces Entry of TRON Into Perps DEX Race, Launches SunPerp

TRON has launched SunPerp, its first on-chain perpetuals DEX, leveraging TRON’s USDT liquidity and low fees to attract derivatives traders.

Published by

Sneha Agrawal

October 7, 2025

Justin Sun Announces Entry of TRON Into Perps DEX Race, Launches SunPerp

TRON:- For the first time, Perps’ trading volume has hit $1 trillion last month in September 2025. As the Perp DEX wars continues continues to rage on, TRON founder and HTX Advisor Justin Sun made a big revelation at the just concluded Token2049 conference in Singapore.

Clad in in Black suit, he announced TRON’s entry into the Perps DEX market with the launch of first perpetual futures focused DEX SunPerps, calling it the “Temu of DEXs”.

Even though TRON already hosts several decentralized exchanges like JustSwap and SunSwap, these have primarily operated as AMM-style DEXs for spot trading. SunPerp, however, marks a major shift – it’s TRON’s first perpetual futures-focused DEX, designed specifically for derivatives trading rather than simple token swaps.

SunPerp – TRON’s first on-chain perp DEX

Coming at the competitive market landscape, the most strategic bet by Justin Sun is on the “zero fees strategy of SunPerp.”

The exchange features ultra-low fees under its “Zero Gas Strategy,” fully refunding users for gas costs on initial contract approvals, deposits, trades, and withdrawals. The launch becomes significant as rival blockchains are striving hard to attract the derivatives traders on their DEXs.

For instance, BNB chain recently reduced its gets fees to a new minimum gas price of 0.05 Gwei (half a cent). Now, TRON has taken a step forward and become the latest player to enter the race by offering lowest or zeros fees on its DEX SunPerp.

As per the Press Release shared with Block of Fame, in its public beta phase, SunPerp attracted over 10,000 users and generated more than 900 million USDT in cumulative trading volume. Its last week stats are given below:

Last week, the trading volume of @SunPerp_DEX on #Tron reached $444.38M — up 27.24% WoW.https://t.co/HSL26rJy8u pic.twitter.com/1NWejaYkHo

— Lookonchain (@lookonchain) September 30, 2025

SunPerp also includes a Dark Pool mode that enhances privacy by concealing order data to prevent front-running and targeted liquidations – a crucial feature growing in significance for DEXs.

There are other professional trading tools as well with low-latency APIs, and cross-chain support of Ethereum, Solana, and other major networks. Backed by an Insurance Fund, 12% APY staking, and partnerships with leading wallets and market makers, the platform said “it aims to provide its users both security and growth.”

Interestingly, in what could be seen as him going back to roots, Justin Sun has also announced the SunPerp’s Chinese brand: “Sun Wukong”. Sun Wukong, the Monkey King from Journey to the West, is one of the most iconic characters in Chinese mythology. SunPerps is the world’s first DEX to embrace a Chinese brand name and signals Justin Sun’s brand strategy to woe the chinese speaking users in Asia.

He also informed, “I will use 100% of the revenue generated by SunPerp to repurchase $SUN (to support ecological value and token stability.”

Also Read: Binance Launches its Card in Brazil

Can Justin Sun’s TRON Survive the Competition

While the TRON and SunPerps bet can be significant, however, the perps market is growing fiercely competitive. Currently CZ-supported DEX Aster leads the trading volume with over $420 billion of activity in September 2025. The BNB and CZ-backed Aster has even replaced the long dominated Hyperliquid’s place earning $25 million in revenue than of Hyperliquid’s $3.2 million.

TRON | SunPerps — TRON’s Current Perp Activity | Source: DeFiLlama

However, the scenario remains volatile and unpredictable with the Aster token recently dropping by 5-6% after DeFiLlama founders’ allegations of “integrity.” In the last 24 hours, data from DeFiLlama shows that Perps Volume on TRON has reached $64.87 million with the 7 day volume standing at $465.82 million. SunPump’s “zero gas strategy” can perhaps provide it an edge over other blockchains

Thus, as the market grows up to see more entrants and product innovations, TRON’s SunPerp might have its chance.

Also Read: Kalshi Founder Reveals the Most Profitable Vertical

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

About Author

With over four years of experience in covering and tracking the financial markets, Sneha Agrawal is a dedicated Crypto Journalist and Editor with passion for researching and writing the crypto pieces. She is currently leading the Brandtalk section, here at CoinGape. She likes to keep track of political, legal and financial happenings all around the world - without which she deems her day incomplete. Apart from her Journalistic endeavours, she is a solo traveler, museum goer, and a keen reader of books.