SunPerp, the first decentralized perpetual futures exchange on the TRON network, officially launched on September 9, 2025, with an announcement from TRON founder Justin Sun. The platform has rapidly gained momentum, approaching a $30 million total value locked (TVL) milestone as of September 19, 2025, signaling strong early adoption.
Since its launch, SunPerp has attracted over 3,000 users, with deposit flows peaking on September 20 at 264 transactions, accounting for 74% of total flows and totaling $10.3 million in USDT. The DEX supports perpetual contracts for major cryptocurrencies like BTC, ETH, SOL, XRP, DOGE, and BNB, all settled in USDT, leveraging TRON's existing $80 billion USDT liquidity base.
Key features include zero-gas trading fees, millisecond-level order matching, deep aggregated liquidity from multi-chain providers, and advanced risk management with multi-source oracle pricing and anti-snipe mechanisms. Justin Sun emphasized the strategic shift, stating, "SunPerp will help transform TRON from a 'transfer chain' into a 'trading chain,' paving the way for a new phase of rapid growth." The platform aims to replicate the success of models like dYdX and GMX, enhancing TRON's DeFi ecosystem with initiatives offering up to 12% APY and rebates to boost participation.
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