Transaction volume exceeds 410 million! The first battle report of Sun Wukong's "transaction mining" is released, and the excessive refund of transaction fees ignites the market

With the continuous expansion of the on-chain derivatives track, the overall trading volume of Perp DEX has recently reached new highs, and users' sensitivity to trading depth and fees has also increased. Against this backdrop, the "First Phase Trading Mining" event launched by the Sun Wukong (SunX) platform has quickly broken through in the competitive DEX market with its innovative and sincere "negative fee" incentive mechanism.

Data Surge: A "Killing" Frenzy Across the Network, Users' First Choice for Profit

According to the latest operational data disclosed by the official source, as of December 2, 17:00 (UTC+8), just a few days after the launch of this event, the total trading volume has exceeded 410 million USDT. In the context of increasingly fierce competition in the current Perp DEX track, this data not only confirms the strong demand from on-chain users for low-cost trading but also reflects the significant achievements of Sun Wukong (SunX) in capturing liquidity and enhancing activity.

From the perspective of revenue performance, the incentive strength of the event has also attracted considerable market attention. Since the launch of the event, Sun Wukong (SunX) has distributed rewards of 3,939,056 SUN (approximately 82,484 USDT), saving users a total of 76,853 USDT in fees. Clearly, for a user group focused on high-frequency and strategic trading, this type of "negative fee" mechanism further enhances the controllability of trading costs and willingness to participate.

Breaking the Fee Pain Point: Bid and Ask Subsidies

In the traditional Perp DEX model, high Gas fees and trading fees are often the biggest barriers preventing high-frequency traders from entering the market. The core logic of Sun Wukong (SunX) in this event is to transform trading costs into asset returns through the "trading mining" model, thereby spontaneously building a deep liquidity moat through market behavior.

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

• Maker reward ratio reaches 110%: Strengthening order incentive, guiding more funds into the market, and enhancing market depth;

• Taker reward ratio reaches 107%: Encouraging proactive transactions, improving market turnover efficiency and overall trading activity.

In addition, to ensure the fairness and sustainability of reward distribution, the event sets 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 "trading is mining, mining is profit" model directly transforms trading costs into immediate profits.

Economic Model Closed Loop: Fee Buyback and Burn

While providing high rewards, the Sun Wukong (SunX) platform also demonstrates thoughtful consideration of the SUN token economic model.

The official statement clearly indicates that all fee income generated by registered users during the event will be used for the buyback of SUN tokens, with full destruction at the end of each quarter.

This "buyback + burn" mechanism directly transforms the massive trading volume generated by the event into buying power for $SUN, effectively supporting the stable growth of token value while enhancing trading activity, achieving a win-win-win situation for the platform, token holders, and trading users.

Final Sprint: Event Continues Until December 6

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

In the current market environment of surging Perp DEX trading volume, Sun Wukong, through real monetary "negative fee" subsidies, is becoming an important arena for on-chain traders to hedge risks and seek profits. For users seeking low friction and high depth in trading, this is still the best window of opportunity to participate.

About Sun Wukong (SunX)

Sun Wukong (SunX) is the world's first Chinese decentralized perpetual contract trading platform, aiming to integrate the smooth experience and security guarantees of centralized exchanges with the asset sovereignty of decentralized finance, creating a new generation of on-chain derivatives infrastructure. The platform focuses on a Chinese interactive experience, striving to provide Chinese-speaking traders with friendly, fair, efficient, and free DeFi derivatives trading services through the lowest fees on the network, 0 Gas trading, on-chain secure custody, high-performance matching, full-chain liquidity integration, and intelligent risk control mechanisms.

As the first decentralized trading platform designed specifically for the trading habits of Chinese users, Sun Wukong aims to promote the natural coexistence of Eastern culture and decentralized technology with an open mindset.

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