What happened?
SunPerp, the first perpetual futures DEX on TRON, launched on September 9 and offers BTC, ETH, SOL, XRP, DOGE, and BNB contracts settled in USDT. Since launch it has seen strong deposit activity and its TVL has climbed to nearly $30 million, with a single day of deposits reaching $10.3M. The platform emphasizes millisecond order matching, multi-source oracles, anti-snipe protections, aggregated liquidity and zero-gas trading fees.
Who does this affect?
TRON traders and the large on-chain USDT holder base stand to benefit from a new, low-cost venue for perpetual trading. Professional and institutional traders may be attracted by high-performance APIs, deep liquidity and near-zero transaction costs for high-frequency and large-volume strategies. Competing perp DEXs and some centralized venues could see liquidity and flow shift toward TRON as users chase lower fees and faster execution.
Why does this matter?
SunPerp’s combination of low fees and growing TVL can pull meaningful trading volume onto TRON, making perpetuals cheaper and more accessible for many traders. That shift can tighten spreads, increase leverage activity, and alter liquidity distribution and funding rates across the derivatives market. If adoption continues, SunPerp could become a major derivatives hub on TRON, reshaping market share and price discovery dynamics in crypto futures.