With the continuous expansion of the on-chain derivatives sector, the overall trading volume of Perp DEX has repeatedly reached new highs recently, and users' sensitivity to trading depth and fee rates has also increased. Against this backdrop, the "First Phase Trading Mining" event launched by Sun Wukong (SunX), with its innovative and highly attractive "negative fee rate" incentive mechanism, has quickly stood out in the fiercely competitive DEX market.
Data Surge: "Killing" the Whole Network, Users' Top Choice for Arbitrage
According to the latest official operational data, as of 17:00 on December 2 (UTC+8), just a few days after the event went live, the total trading volume had already exceeded 410 millions USDT. In the increasingly competitive Perp DEX sector, this data not only confirms the strong demand for low-cost trading among on-chain users but also reflects Sun Wukong (SunX)'s significant achievements in liquidity capture and activity improvement.
From a returns perspective, the incentive strength of the event has also attracted much market attention. Since its launch, Sun Wukong (SunX) has distributed 3,939,056 SUN (approximately 82,484 USDT) in rewards, saving users a cumulative 76,853 USDT in fees. Clearly, for user groups focused on high-frequency and strategy trading, this type of "negative fee rate" mechanism further enhances cost control and willingness to participate.
Breaking the Fee Rate Pain Point: Dual Subsidies for Makers and Takers
In traditional Perp DEX models, high Gas fees and trading fees are often the biggest barriers preventing high-frequency traders from entering. The core logic of Sun Wukong (SunX)'s event is to use a "trading mining" model to convert trading costs into asset returns, thereby spontaneously building a deep liquidity moat through market behavior.
According to the rules, users participating in $BTC, $ETH, and $SUN perpetual contract trading not only receive a 100% full rebate on fees but also earn additional $SUN token rewards.
● Maker reward ratio up to 110%: Strengthens order placement incentives, attracts more capital, and increases order book depth;
● Taker reward ratio up to 107%: Encourages active trading, improves market turnover efficiency, and boosts overall trading activity.
In addition, to ensure fair and sustainable 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 "trade-to-mine, mine-to-profit" model directly converts trading costs into instant profits.
Economic Model Closed Loop: Fee Buyback and Burn
While providing high rewards, the Sun Wukong (SunX) platform has also demonstrated 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 fully used for SUN token buybacks and will be completely burned at the end of each quarter.
This "buyback + burn" mechanism directly converts the massive trading volume generated by the event into buying pressure for $SUN, which not only increases trading activity but also strongly supports the stable growth of the token's value, achieving a win-win situation for the platform, token holders, and trading users.
Final Sprint: Event Continues 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 on December 6, 2025 (UTC+8).
In the current market environment of surging Perp DEX trading volumes, Sun Wukong is becoming an important stronghold for on-chain traders to hedge risks and seek profits through real "negative fee rate" subsidies. For users seeking low slippage and high depth trading, now remains 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 combine the smooth experience and security of centralized exchanges with the asset sovereignty of decentralized finance, creating a new generation of on-chain derivatives infrastructure. With a core focus on Chinese-language user experience, the platform offers the lowest fees across the network, 0 Gas trading, on-chain secure custody, high-performance matching, full-chain liquidity integration, 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 designed specifically for Chinese trading habits, Sun Wukong aims to promote the natural symbiosis of Eastern culture and decentralized technology with an open philosophy.
