Trading Volume Exceeds 410 Million: Sun Wukong "Trade Mining" First Phase Report Released, Excessive Fee Rebates Ignite the Market

As the on-chain derivatives sector continues to expand, the overall trading volume of Perp DEXs has repeatedly hit new highs recently, and users’ sensitivity to trading depth and fees has also increased. Against this backdrop, the “Phase 1 Trading Mining” event launched by the Sun Wukong (SunX) platform quickly stood out in the fiercely competitive DEX market with its innovative and highly attractive “negative fee” incentive mechanism.

Data Surge: Going Viral Across the Network, Users’ Top Choice for Arbitrage

According to the latest operational data disclosed by the official team, as of December 2, 17:00 (UTC+8), just a few days after the event went live, the total trading volume had exceeded 410 million USDT. In the current increasingly competitive Perp DEX sector, this figure not only confirms the strong demand among on-chain users for low-cost trading but also highlights the significant results that Sun Wukong (SunX) has achieved in liquidity capture and increased user activity.

In terms of returns, the incentive strength of the event has also attracted much attention from the market. Since the event’s launch, Sun Wukong (SunX) has distributed 3,939,056 SUN (equivalent to about 82,484 USDT) in rewards and saved users a total of 76,853 USDT in trading fees. Clearly, for user groups focused on high-frequency and strategic trading, this type of “negative fee” mechanism further enhances cost control and willingness to participate.

Breaking Fee Barriers: Dual Subsidies for Makers and Takers

In traditional Perp DEX models, high gas and transaction fees are often the biggest barriers for high-frequency traders. The core logic of this Sun Wukong (SunX) event is to convert trading costs into asset returns through the “trading mining” model, thereby organically building a deep liquidity moat through market behavior.

According to the rules, users participating in $BTC, $ETH, and $SUN perpetual contract trading can receive not only a 100% rebate on transaction fees but also additional $SUN token rewards.

● Maker rewards up to 110%: Strengthening limit order incentives, attracting more funds, and increasing order book depth;

● Taker rewards up to 107%: Encouraging active trades, improving market turnover efficiency, and enhancing overall trading activity.

In addition, to ensure fairness and sustainability in reward distribution, the event has set a maximum reward cap of 500 USDT equivalent in SUN tokens per user per hour, with a daily incentive pool of 90,000 USDT and a total prize pool of up to 1,350,000 USDT. This “trade to mine, mine to profit” model directly turns trading costs into instant profits.

Economic Model Closed Loop: Fee Buyback and Burn

While providing generous rewards, the Sun Wukong (SunX) platform also demonstrates a well-thought-out approach to the SUN token economic model.

The official statement clearly indicates that all transaction fee income generated by participating users during the event will be used entirely for SUN token buybacks, with all repurchased tokens being burned at the end of each quarter.

This “buyback + burn” mechanism directly converts the large trading volume generated by the event into buying pressure for $SUN , which not only boosts trading activity but also strongly supports the stable growth of the token’s value, achieving a win-win for the platform, token holders, and trading users.

Final Sprint: Event Runs Until December 6

Currently, the first phase of the Sun Wukong trading mining event has entered its second half. The event will officially conclude at 20:00 (UTC+8) on December 6, 2025.

In the current market environment where Perp DEX trading volumes are surging, Sun Wukong is becoming a key battleground for on-chain traders to hedge risks and seek profits with its genuine “negative fee” subsidies. For users seeking low slippage and deep liquidity, it is still the best window to participate.

About Sun Wukong (SunX)

Sun Wukong (SunX) is the world’s first Chinese-language decentralized perpetual contract trading platform, aiming to merge the smooth experience and security of centralized exchanges with the asset sovereignty of decentralized finance to build a new generation of on-chain derivatives infrastructure. Centered around a Chinese-language user experience, the platform offers the lowest industry-wide fees, zero gas trading, on-chain secure custody, high-performance matching, integrated cross-chain liquidity, and intelligent risk control mechanisms, striving to provide Chinese-speaking traders with friendly, fair, efficient, and free DeFi derivatives trading services.

As the first decentralized trading platform tailored for Chinese trading habits, Sun Wukong aims to naturally integrate Eastern culture and decentralized technology with an open philosophy.

For more information about Sun Wukong, please visit www.sunwukong.io; for further inquiries, please contact [email protected]