On the evening of September 19th (Beijing time), Tron founder and HTX advisor Justin Sun took part in the X Space event to introduce Sunperp, a new permanent distributed exchange (PERP DEX). The event, co-hosted by HTX Live, Tron and Sunperp, was based on the theme of “The Infinite Imagination of the Next Generation of Dex.” The new platform is the first native Perp Dex built within the Tron ecosystem, demonstrating a strategic move to leverage Tron’s position in the Stablecoin market.
During the live stream, Justin San detailed the strategic goals, product features and user incentives for Thampap. He emphasized that Sunperp will help Tron change from a “transfer chain” to a “trade chain” and pave the way for a new phase of rapid growth.
Justin attended an X-space event, the theme of “The Infinite Imagination of the Next Generation of Dex.”
Why Sunperp is important: A critical part of the ecosystem
The launch of Sunperp was a carefully considered strategic decision to expand Tron’s ecosystem. Justin Sun said that while most major public blockchains have their own permanent futures platforms, Tron said there was a gap in the region. Therefore, building a Perp Dex was essential to solidify the Tron ecosystem. Given that Tron already has the largest distribution of USDT and the lasting future is a key use case for USDT, Sunperp is designed to meet the trading needs of Tron users and unlock the great potential of the ecosystem.
Justin Sun believed that a lasting future was on track to replace spot trading as a new mainstream of crypto investment, with superior liquidity, simpler settlements, increased capital efficiency and freedom from assets and native chain restrictions. Tron’s powerful Stablecoin infrastructure allows Sunperp to access a natural liquidity pool. Millions of users currently conduct transactions on Tron every day.
Sun noted that if even 1% of these users switch to Sunperp, its user base is the same size as the central exchange of the second layer, and could potentially show a promising outlook. He expressed confidence in Sunperp’s success despite being a later participant in the market. “We are firmly optimistic about Parp Track and believe that with a great product experience and solid foundational service we can achieve the benefits of Latecomer.”
In the future, Sunperp will expand to other public blockchains such as Ethereum and BSC. It also works in the HTX ecosystem. HTX continues to focus on HTX on centralized trading, while Sunperp serves on-chain users and together creates a powerful one-two punch.
“Build” the “First, Next Scale” strategy
Sunperp is currently in its early beta stage. Just three days after the beta was released on September 20th, registrations had already exceeded 1,000. In the short term, the team focuses on improving products to ensure smooth trading and market depth, and expanding the scope of assets with a timely list of popular assets. These efforts are designed to build a strong foundation for a great user experience. Additional features to drive user growth will be rolled out in future versions.
Sunperp Dex has attracted over 1,000 registered users in just three days since the beta.
“In this early stage, we deliberately chose not to introduce points, airdrops or leaderboards,” explained Justinsan. “Instead, I want to perfect my core trading loop and make the execution and matching experience as seamless as possible. It’s like the relationship between ‘1’ and ‘0’, and only by putting ‘1’ right we can get countless zeros that truly follow the retained value. “He also ensured that all on-chain activities by early users will be fully documented and recognized in future incentive programs. “Trades executed before the start of a future campaign will be counted.”
Justin Sun also announced that a Sunperp launch event will be held at Token 2049 on October 1st.
Unparalleled Benefits: The lowest futures trading fee in the industry
Beyond powerful trading tools, Sunperp also focuses on providing generous profits. The main highlight is its industry low futures trading fees. “Sunperp is like Temu from Dexs, reducing futures trading fees to the lowest on the market,” Justin Sun said. Additionally, Sunperp will soon launch a “Cash Remuneration Deposit” campaign, effectively repaying gas fees to users. Other popular industry incentives will also be introduced in stages, such as referral bonuses, point airdrops and copy trading systems.
Sunperp also features two mining models. The first is “deposits to acquire.” This allows users to deposit their funds and earn up to 12% APY. The second is “trades to win.” This rewards users who open positions with $Sun Token and boosts user returns and engagement.
Sunperp’s revenue is being used to buy back $Sun to enhance its value and stability. $Sun is also integrated into a wider range of use cases.
CEX-level on-chain trading experience
Throughout the livestream, Justin Sun repeatedly emphasized that Thampap’s core mission is to “provide a chain trading experience equivalent to centralized exchange.” This includes dimensions such as slip control, match efficiency, leverage capacity, and timeliness and depth of asset support. “If we can match CEXS with depth of asset coverage, capital efficiency and liquidity, Tron’s large payment user base could migrate to Sunperp’s trading users,” Sun said.
Sunperp currently employs Zero Knowledge Proof (ZK) to send order data to Tron MainNet to ensure user privacy. Unlike many other Perp Dexes, Sunperp allows users to choose whether to view their positions rather than disclose them by default.
For fund security, the biggest concern for users, Sunperp adheres to high standards of large central exchange. Justin Sun said the team has implemented strict control measures to prevent security incidents, eliminating vulnerabilities such as price manipulation and forced liquidation that plagued other perp dexes. Supported by a large amount of funds, Sunperp has established a reward mechanism, creating an independent address for the insurance fund to prevent the possibility of security incidents and protect users.
Justin Sun: A Mature Vision
After over a decade at Crypto, Justin Sun continues to innovate. In the past year alone, he has launched Sunpump, USDD 2.0, Sunperp and other new products. He acknowledged that his pace has evolved and reflected on the importance of Thampap in his entrepreneurial journey. In contrast to the “head-down, fast-moving” style of his early venture, today’s product launches are more mature and strategically planned. “All new projects are now the result of thoughtful and strategic decision-making. Thampap has not been built solely for recent hype. It is a strategic move that is carefully planned for the long-term growth of the Tron ecosystem.”
But one thing that remains the same is Justinsan’s passion for building the crypto industry. “Passion is still very alive,” he said with a smile.
