Impacted by the "1011 Black Swan Event," the sentiment in the crypto market has noticeably cooled over the past two weeks, with overall trading volume continuing to decline. Bitcoin has been fluctuating and correcting, the scale of funds in the contract market has shrunk, and activity on mainstream decentralized trading platforms has generally decreased.
However, amid the lackluster on-chain trading data, the performance of the TRON ecosystem stands out. According to Lookonchain data: despite the market downturn, TRON has seen a counter-trend increase in DEX trading volume, perpetual contract market volume, and the number of active addresses.
Data shows that TRON has seen counter-trend growth in multiple metrics in DEX and perpetual contract markets
Data Doesn't Lie: Sun Wukong's Growth Curve
Since its launch, Sun Wukong has shown a strong momentum to "top the charts."
● Trading Volume: The platform's total contract trading volume quickly surpassed 2.8 billion USDT, with a single-day peak exceeding 100 million USDT;
● Depth and Liquidity: BTC 0.1% depth increased by 330%, 0.5% depth increased by 288%, 1% depth increased by 156%; ETH 0.1% depth increased by 264%, 0.5% depth increased by 210%, 1% depth increased by 150%;
● Capital Pool: As of October 24, the total capital pool exceeded 88 million USDT, with healthy pool expansion;
● User Activity: Registered users exceeded 28,000, growing in sync with trading addresses, and the level of discussion in the Chinese community has significantly increased.
In comparison, Sun Wukong's launch was not particularly early—against the backdrop of projects like Hyperliquid and Aster having already divided up market share, such performance can be described as "latecomer advantage," reflecting its comprehensive strengths in narrative, ecosystem, and product.
Sun Wukong continues to set new data records
Narrative-Driven: Resonance of Eastern Symbols and Decentralized Spirit
In the world of Web3, narrative is often the starting point for traffic.
The name Justin Sun is almost synonymous with "traffic gateway" in the crypto industry. Justin Sun understands this well—from TRON to USDD, from MemeCoin to sky-high bananas, from HTX DAO to People's Exchange, he has pushed the logic of "narrative—traffic—product" to the extreme.
This time, he chose a name with even greater cultural power—Sun Wukong.
This name itself is an Eastern symbol that transcends eras, representing the spirit of "never giving up, daring to challenge, and rebirth against the odds." This spirit naturally aligns with the freedom and rebelliousness of decentralization. Therefore, "Sun Wukong" is not just a brand name; it is a fusion of cultural narrative and technological spirit.
This narrative gives Sun Wukong a natural advantage in differentiated communication, allowing it to quickly gain emotional resonance and recognition in the Chinese community.
Underlying Ecosystem Support: TRON's Stability and Momentum
TRON is not a new ecosystem, but its "old yet resilient" nature has allowed Sun Wukong to take off steadily.
With native circulation of stablecoins (USDT), low transaction fees, and high TPS, Sun Wukong's underlying performance and cost advantages are very clear.
More importantly, the stable user base and capital pool accumulated on the TRON chain over the long term have brought real traffic sources to Sun Wukong. This is particularly evident in the on-chain data: TRON ecosystem DEX trading volume has surged recently, and the growth curve of new users in the contract market almost matches the pace of Sun Wukong's launch.
It can be said that Sun Wukong is not only "leveraging" but has also become the "second growth curve" of the TRON ecosystem.
Product Breakthrough: A True Leap in User Experience
If narrative and ecosystem are external conditions, then product experience is Sun Wukong's real killer feature and core.
For a long time, decentralized contract trading has faced three major obstacles: "high barriers, poor experience, and insufficient depth." Sun Wukong's strategy is to "bring CEX-level smoothness to DEX."
On the product side, Sun Wukong is accelerating its multi-chain and multi-token layout: currently, the platform officially supports multiple mainstream public chains such as TRON, Ethereum, BNB Chain, and Arbitrum, and plans to continue expanding its multi-chain ecosystem at a pace of "adding two new chains per week"; it has also added support for opening positions with multiple stablecoins such as USDC and USDD, further enhancing token flexibility and capital utilization efficiency.
It is worth mentioning that community feedback has played a key role in Sun Wukong's product optimization.
After suggestions from Liangxi and some community users to "improve depth," Justin Sun personally pushed for implementation, the platform team responded quickly, and market makers and funds cooperated efficiently. In just two days, the depth of the K2 trading pair increased by 2~3 times. This efficient feedback mechanism has also become an important feature that distinguishes Sun Wukong from other DEXs.
At the same time, Sun Wukong continues to launch a series of user-friendly activities:
Zero-fee limited-time event: From 11:00 on October 21 to 24:00 on November 3, users can enjoy zero maker fees for orders of any amount;
Automatic yield feature: Users who deposit USDT into their platform account can automatically earn an annualized yield of 12%, with no manual operation required, no lock-up, and no impact on normal contract trading.
100 million USD "Together Plan" Co-creation Fund: All users who have suffered losses on DEX platforms such as Hyperliquid, Aster, Lighter, GMX, etc., can apply for corresponding subsidies based on their losses, with subsidy amounts ranging from 5 USDT to 5,000 USDT.
With this series of "experience optimization + user incentives + community co-creation" combined efforts, Sun Wukong has not only reshaped the DEX user experience but also redefined the relationship between users and the platform. Users are no longer just traders, but co-builders of the ecosystem. This is also why Sun Wukong was able to quickly form an active community and organic spread shortly after its launch.
Latecomers Can Also Take the Lead
The rise of Sun Wukong is not only another precise positioning by Justin Sun in the decentralized contract sector, but also symbolizes the resurgence of the Chinese DEX narrative.
In a crypto world long dominated by American-style technological narratives, it has redefined the possibilities of decentralized trading in an Eastern, community-driven, and product-oriented way.
As the market enters an era of stock competition, the trinity of narrative, ecosystem, and product will determine the real winners. And Sun Wukong is proving with data and action—that latecomers can also take the lead, and can rise against the trend.
For us, what we may be witnessing is not just a successful case of a contract DEX, but the beginning of the DeFi narrative in the Chinese world moving from the margins to the center.
The return of the Great Sage is not just a fable. It may be becoming the real-life script of the decentralized contract world.
