The rise of Sun Wukong not only represents Sun Yuchen's precise positioning in the decentralized contract track but also symbolizes the resurgence of the Chinese DEX narrative.
In the wake of 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 experienced fluctuations and corrections, the capital scale in the contract market has contracted, and the activity levels of mainstream decentralized trading platforms have generally decreased.
However, amidst the quiet on-chain trading data, the performance of the TRON ecosystem stands out remarkably. According to Lookonchain data: despite the overall market weakness, TRON has seen counter-trend growth in trading volume on decentralized exchanges (DEX), trading volume in the perpetual contract market, and the number of active addresses.
Data shows that TRON has experienced counter-trend growth in multiple metrics in the DEX and perpetual contract markets.
Data Doesn't Lie: The Growth Curve of Sun Wukong
The performance of Sun Wukong has had a "ranking surge" momentum since its launch.
● Trading Volume: The total trading volume of platform contracts quickly surpassed 2.8 billion USDT, with a single-day peak exceeding 100 million USDT;
● Depth and Liquidity: The BTC one-thousand level increased by 330%, the one-thousand five level increased by 288%, and the one-hundred level increased by 156%; the ETH one-thousand level increased by 264%, the one-thousand five level increased by 210%, and the one-hundred level increased by 150%;
● Capital Accumulation: As of October 24, total capital accumulation surpassed 88 million USDT, with healthy expansion of the capital pool;
● User Activity: The number of registered users exceeded 28,000, growing in sync with trading addresses, and the discussion heat in the Chinese community has significantly risen.
In comparison, the launch timing of Sun Wukong is not particularly early—against the backdrop of projects like Hyperliquid and Aster already capturing market share, such performance can be described as "latecomers surpassing early entrants," reflecting its comprehensive advantages in narrative, ecosystem, and product.
Sun Wukong continues to create new data achievements.
Narrative Drive: The Resonance of Eastern Symbols and Decentralized Spirit
In the world of Web3, narrative is often the starting point for traffic.
The name Sun Yuchen is almost synonymous with "traffic entry" in the crypto industry. Sun Yuchen understands this well—from TRON to USDD, from MemeCoin to sky-high bananas, from HTX DAO to the People's Exchange, he has pushed the logic of "narrative—traffic—product" to its limits.
This time, he chose a name with greater cultural power—Sun Wukong.
This name itself is a timeless Eastern symbol, representing the spirit of "not giving up, daring to challenge, and breaking the mold." This spirit naturally aligns with the freedom and rebellious nature of decentralization. Therefore, "Sun Wukong" is not just a brand name; it is a fusion of cultural narrative and technological spirit.
This narrative endows Sun Wukong with a naturally differentiated communication potential, allowing it to quickly gain emotional resonance and recognition within the Chinese community.
Ecological Underpinning: The Stability and Momentum of TRON
TRON is not a new ecosystem, but its "old yet strong" nature allows Sun Wukong to take off steadily.
With the support of native circulation of stablecoins (USDT), low transaction fees, and high TPS, the underlying performance and cost advantages of Sun Wukong are very clear.
More importantly, the long-term accumulation of stable users and capital pools on the TRON chain provides Sun Wukong with a real source of traffic. This is particularly evident in on-chain data: the trading volume of TRON ecosystem DEX has recently surged, and the growth curve of new users in the contract market almost synchronizes with the launch rhythm of Sun Wukong.
It can be said that Sun Wukong is not only "borrowing strength" but has also become the "second growth curve" of the TRON ecosystem.
Product Breakthrough: A True Breakthrough in User Experience
If narrative and ecology constitute the external conditions, then product experience is the true killer feature and core of Sun Wukong.
For a long time, decentralized contract trading has faced three major challenges: "high thresholds, poor experience, and insufficient depth." Sun Wukong's strategy is to "make DEX as smooth as CEX."
On the product level, Sun Wukong is accelerating its multi-chain and multi-currency layout: currently, the platform officially supports multiple mainstream public chains including TRON, Ethereum, BNB Chain, and Arbitrum, and plans to continue expanding its multi-chain ecosystem at a pace of "adding two chains per week"; it has added opening functions for various stablecoins such as USDC and USDD, further enhancing currency flexibility and capital utilization efficiency.
It is worth mentioning that community feedback has played a key role in the product optimization of Sun Wukong.
After Liangxi and some community users suggested "enhancing depth," Sun Yuchen personally pushed for implementation, and the platform team responded quickly, with market makers and capital coordination in place. In just two days, the depth of the K2 currency pair achieved a 2-3 times increase. 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 Activity: From October 21, 11:00 to November 3, 24:00, users placing any amount of maker orders can enjoy zero fees;
Automatic Interest Accrual Function: Users can automatically earn an annualized return of 12% by depositing USDT into the platform account, with no manual operation required, no lock-up, and no impact on normal contract trading.
$100 Million "Together Plan" Co-Creation Fund: All users who suffered losses on DEX platforms such as Hyperliquid, Aster, Lighter, and GMX 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" initiatives, Sun Wukong has not only reshaped the user experience of DEX but also restructured the relationship between users and the platform. Users are no longer just traders; they are co-builders of the ecosystem. This is why Sun Wukong was able to form an active community and natural dissemination shortly after its launch.
Latecomers Can Also Surpass
The rise of Sun Wukong represents Sun Yuchen's precise positioning in the decentralized contract track and symbolizes the resurgence of the Chinese DEX narrative.
In a crypto world long dominated by American technological narratives, it redefines the possibilities of decentralized trading in an Eastern, community-oriented, and product-focused manner.
As the market enters an era of stock competition, the integration of narrative, ecology, and product will determine the true winners. And Sun Wukong is proving with data and action that—latecomers can also surpass, and counter-trend growth is possible.
For us, we may be witnessing not just a successful case of a contract DEX but the beginning of the Chinese DeFi narrative moving from the margins to the center.
The return of the Great Sage is not just a fable. It may be becoming the reality script of the decentralized contract world.
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