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SUN.io's Breakthrough Plan for 2025: Simultaneous Development of DEX, Stablecoins, Memes, and Contracts, Driving a Leap in TRON Ecosystem Value.

Tron Eco News
特邀专栏作者
2025-11-27 06:44
This article is about 5985 words, reading the full article takes about 9 minutes
SUN.io is preparing a series of important upgrades, which are expected to be gradually announced to the public soon.

Recently, SUN.io, the DeFi liquidity hub of the TRON ecosystem, has made a strong breakthrough with its astonishing product iteration speed, becoming a core focus in the DeFi field.

On November 1st, Lookonchain, an on-chain data monitoring agency, published an article on social media platform X, revealing that TRON's on-chain trading performance was strong in October, with both DEX and contract businesses experiencing explosive growth. DEX trading volume reached $3.044 billion, a surge of 174% month-over-month, while contract trading volume reached $2.44 billion. The number of active on-chain addresses and transactions both saw significant growth, and the overall ecosystem's popularity continued to rise.

Behind this wave of growth, SUN.io is undoubtedly a key driving force. SUN.io's development can be described as a history of continuous progress and evolution: starting with the basic DEX trading service SunSwap, it gradually expanded its business scope, launching a service specifically for stablecoin exchanges—SunCurve/PSM; subsequently, with its innovative meme issuance tool—SunPump, it successfully sparked a nationwide craze for meme asset issuance; and most recently, its flagship contract product, SunPerp, successfully broke through, bringing new vitality to the market.

SUN.io leverages its four core business segments—DEX, stablecoins, Meme, and contracts—to form a robust four-pronged driving system, comprehensively connecting all aspects of the DeFi trading business. These four business segments can flexibly rotate, closely responding to market trends and continuously driving up the platform's trading volume, further strengthening its overall competitiveness.

SUN.io: Four products spanning the entire DeFi chain, creating a super hub for the TRON ecosystem.

As the largest asset issuance and trading hub in the TRON ecosystem, SUN.io has successfully built a diversified product matrix covering four core DeFi businesses: DEX, stablecoins, Meme, and contracts through continuous product innovation, forming a closed loop of the entire DeFi circulation from asset issuance to transaction matching, value enhancement, and derivatives trading.

Currently, SUN.io leverages four core engine products—the asset trading DEX platform SunSwap, stablecoin trading products SunCurve and PSM, meme issuance tool SunPump, and perpetual contract platform SunPerp—to drive the efficient operation of this liquidity super hub.

SunSwap (Asset Exchange Center): As a benchmark DEX in the TRON ecosystem, SunSwap adopts the same AMM model and constant product pricing mechanism as Uniswap. Through iterations from V1 to V3, it has developed a mature trading system. The latest V3 version introduces a new "dynamic fee mechanism," allowing liquidity providers (LPs) to provide funds within specific price ranges and set different fee rates to accommodate token trading needs of varying risk levels.

According to official data, on November 20, the value of crypto assets locked in SunSwap's liquidity pools exceeded $600 million, the number of liquidity pools created exceeded 25,600, and the transaction volume processed in the past 7 days exceeded $900 million.

SunCurve and PSM (focused on stablecoin trading): SUN.io has built an efficient and reliable stablecoin trading system through two major tools: SunCurve and PSM. SunCurve, comparable to "Curve," provides users with low-fee (0.04% transaction fee per transaction) and low-slippage stablecoin exchange services, supporting efficient exchanges between stablecoins such as USDD, USDT, TUSD, and USDC. PSM, specifically designed for the stablecoin USDD, is a 1:1 stablecoin swap tool with the advantages of "zero cost + strong peg," supporting a fixed 1:1 exchange ratio between USDD and stablecoins such as USDT, achieving zero slippage and zero fees throughout the process, completely eliminating value loss during the exchange, making it the preferred platform for USDD circulation and exchange. According to the latest official data, the supply of USDD has exceeded $550 million.

SunPump (Meme Asset Issuance Platform): Launched by SUN.io in 2024, SunPump is the first meme issuance platform in the TRON ecosystem. It allows users to create and issue their own exclusive meme coins with one click, which greatly lowers the threshold for issuing innovative assets.

SunPum continues to unleash its innovative vitality through continuous feature iteration. In March of this year, the AI token issuance tool SunGenX supported "tweeting to issue tokens." Users only need to tag @Agent_SunGenX on the X platform, and the AI tool will automatically deploy the Meme token directly to the SunPump platform, greatly simplifying the issuance process. In October, coinciding with the popularity of Chinese concept Memes such as "Binance Life" on the BSC chain, SunPump and @Agent_SunGenX responded quickly and upgraded to support the creation of Chinese Memes, allowing Chinese creators to easily create tokens with Chinese narratives at their core, enriching the diverse expression dimensions of Meme culture.

According to DUNE data, as of November 18, the number of Meme tokens created on the SunPump platform has exceeded 100,000, of which 1,880 tokens have been successfully listed on SunSwap. The platform protocol has accumulated a total of approximately 38.07 million TRX in revenue, making it a core incubator for innovative assets in the TRON ecosystem.

SunPerp (Perpetual Contracts) : A decentralized perpetual contract exchange (Perp DEX) launched by SUN.io in September of this year. As the first on-chain contract platform in the TRON ecosystem, it not only fills the gap in the ecosystem's derivatives track, but also redefines DeFi derivatives trading with institutional-grade service standards.

Leveraging TRON's high TPS performance and SUN.io's product expertise, coupled with a zero-gas-fee policy, SunPerp demonstrated strong market appeal upon its launch. According to official disclosures, as of November 20th, the SunPerp platform's cumulative trading volume exceeded 7.6 billion USDT, with approximately 73 asset trading pairs and over 63,000 users, fully demonstrating its competitiveness in the Perp DEX sector.

SUN.io's diversified strategy of "full coverage of trading scenarios + full-chain DeFi services" not only breaks down its own product boundaries but also comprehensively improves the value transfer efficiency of the TRON ecosystem. For users, they can complete the entire process of asset creation, stablecoin exchange, liquidity mining, and contract trading without switching platforms, achieving a double leap in trading efficiency and user experience. For the ecosystem, the four products form a powerful synergy: SunSwap solidifies basic liquidity, SunCurve and PSM maintain value stability, SunPump stimulates innovation, and SunPerp expands trading depth, jointly promoting efficient capital flow.

Nearly 650 million SUN tokens have been bought back and burned, with ecosystem expansion driving a steady increase in value.

As the core governance token of the SUN.io ecosystem, SUN is rapidly emerging as a force to be reckoned with in the global crypto asset field, thanks to its continuous expansion of product business and increasingly sophisticated buyback and burn mechanisms.

This year, SUN has achieved remarkable results in exchange deployment and deflation mechanism implementation: the buyback and burn program is progressing in an orderly manner, and the deflationary effect is becoming increasingly significant; at the same time, the token has won the favor and support of many compliant and mainstream trading platforms such as Hashkey, Kraken, and Upbit, and compliance and market liquidity have been improved simultaneously.

To date, SUN has cumulatively repurchased and burned nearly 650 million tokens, significantly enhancing its deflationary effect. This continuous and robust repurchase and burn mechanism has not only effectively reduced the circulating supply of SUN tokens but also provided solid support for its steady value increase. As the deflationary logic is gradually recognized and validated by the market, SUN's value growth path is becoming increasingly clear.

The use cases for SUN tokens are deeply integrated into SUN.io's entire product matrix, broadly covering core products such as SunSwap, SunCurve/PSM, SunPump, and SunPerp. Its functionality permeates key ecosystem aspects such as liquidity mining rewards, governance voting, and transaction fee sharing. Currently, users can earn VeSUN by locking up SUN, enabling them to participate in platform governance voting and enjoy a 50% share of transaction fees from the stablecoin pool. Furthermore, SUN.io's new perpetual contract platform, SunPerp, officially opened SUN token deposit and withdrawal services on September 30th, further expanding the token's application scenarios in derivatives trading and risk management.

To continuously strengthen the value of the SUN token, SUN.io has meticulously constructed a buyback and burn system based on "multi-product revenue sharing" and is constantly expanding its funding sources. According to the "48th SUN Token Buyback and Burn Report" released on November 3rd, since December 15th, 2021 (Singapore time), the SUN team has cumulatively bought back and burned approximately 650 million SUN tokens. Of these, 362 million SUN tokens originated from the buyback and burn of SunSwap V2 revenue, and 285 million came from the buyback and burn of SunPump revenue.

Currently, SUN's buyback and burn mechanism is primarily funded by two products: the DEX product SunSwap V2 and the meme issuance platform SunPump. The former, SunSwap, allows a portion of DEX transaction fees (0.05% of each transaction fee) to be used for buying back and burning SUN tokens; while all net revenue from the SunPump platform is invested in the buyback and burn of SUN tokens.

It's worth noting that the newly launched SunPerp platform also uses SUN as its sole official token. Justin Sun, founder of TRON, has publicly stated that 100% of the revenue generated by SunPerp will be used to buy back SUN. This means that SunPerp will join the powerful ranks of SUN token buybacks and burns, injecting new vitality into the SUN token. This is of great significance to the SUN community. Given SunPerp's current trading volume growth rate, the addition of this product is undoubtedly a bombshell, further strengthening SUN's deflationary properties.

According to TRONSCAN data, SUN currently has a market capitalization of approximately $436 million, a maximum supply of 19.9 billion tokens, and a current circulating supply of approximately 19.1 billion tokens, essentially achieving full circulation. There are 81,500 token-holding addresses, and the 650 million SUN tokens already burned represent over 3% of the total supply. With a constant total supply, continuous buybacks and burns constantly reduce the number of tokens in circulation, automatically entering a deflationary mode, enhancing its scarcity, and thus driving up its value.

As a result, the SUN token has formed a virtuous cycle with the SUN.io ecosystem, where the ecosystem empowers the token and the token, in turn, supports the ecosystem, thus establishing a clear and sustainable value growth logic.

In terms of exchange expansion, SUN tokens have gained recognition and listing on numerous compliant and mainstream trading platforms globally this year, including well-known compliant exchanges like Hashkey, international mainstream platforms like Kraken, and leading South Korean exchanges like Upbit. Specifically, its listing on the compliant exchange Hashkey Global in March marked a significant step in its compliance strategy; its listing on the globally renowned compliant exchange Kraken in April attracted global institutional and high-quality individual traders, significantly enhancing its liquidity and international influence; and in September, Upbit, South Korea's largest cryptocurrency exchange, listed trading pairs such as SUN/KRW (Korean Won) and SUN/USDT, with the token experiencing a maximum increase of 28% within 24 hours of listing, igniting a surge in popularity in the South Korean market. These initiatives have not only significantly improved SUN's compliance recognition but also greatly enhanced its market liquidity and global influence.

Currently, SUN has established a presence on dozens of major global centralized exchanges (CEXs), laying a solid foundation for its future widespread application and value growth.

SUN.io continues to lead the pack: TVL firmly holds a place among the top five global DEXs, and product synergy ignites new growth momentum.

In the fiercely competitive DEX sector, SUN.io has solidified its leading position in the global DeFi field by leveraging the dual advantages of "synergistic efforts across multiple products + consistently outstanding core data," demonstrating strong comprehensive strength and ecosystem resilience.

In key data dimensions, the SUN.io platform has performed outstandingly in both TVL and fee capture: TVL has consistently ranked among the top five in the entire DEX industry. According to the latest data from DeFiLlama, the total value locked (TVL) on the SUN.io platform was $670 million on November 20, maintaining its position among the top five global DEXs for a long time, demonstrating the solid moat built in the fierce market competition and the broad market recognition.

On the other hand, SUN.io has also demonstrated strong momentum and considerable potential in fee capture capabilities. Since 2025, the platform has accumulated $22.7 million in fees captured, a figure that currently only includes user transaction fees contributed by its two main products, SunSwap and SunPump. It is anticipated that as SunPerp's revenue is gradually incorporated into the statistical system, SUN.io's overall fee capture capability will experience a significant leap, and this product line is expected to become a new driving force for the continued growth of ecosystem revenue.

Leveraging its comprehensive product matrix comprised of SunSwap, SunCurve/PSM, SunPump, and SunPerp, SUN.io has achieved cyclical growth and ecosystem synergy among its multiple products, driving the platform's transaction volume to steadily climb and experience repeated bursts of growth.

Looking at the changes in trading data, SUN.io's performance over the past year has been remarkable: the average monthly trading volume has remained stable at over $3 billion, showing a clear upward trend with fluctuations. In April of this year, the platform's trading volume exceeded $5 billion, further climbing to $5.5 billion in May, and consistently remaining above $4 billion in July and August. Since the launch of the decentralized perpetual contract platform SunPerp in September, SUN.io's overall trading volume has experienced explosive growth, reaching a total of $7.3 billion in the first 20 days of November alone. Of this, DEX contributed $2.1 billion, while contract trading volume reached $5.2 billion, demonstrating strong growth momentum.

Behind this series of impressive achievements lies a positive ecological cycle of "continuous popularity and uninterrupted growth" formed by the precise relay of SUN.io's various product lines:

From April to May, SunPump successfully ignited a meme trading boom by building a comprehensive support system for meme projects. Starting in March, the platform successively partnered with exchanges such as HTX and Poloniex, opening direct listing channels for high-quality meme projects. In May, it further launched the CEX Alliance, joining forces with several well-known trading platforms such as BingX to provide dual support in listing and marketing, building a complete growth chain for meme projects from issuance to listing, and significantly stimulating users' enthusiasm for creating and trading meme assets on SunPump.

In July, the TRON ecosystem was integrated into Binance Alpha Zone and Binance Wallet. SunPump's two major meme tokens, SUNDOG and PePe, were simultaneously launched on the zone with trading incentive programs, driving growth in trading volume within the SUN.io ecosystem. This move not only signifies Binance's recognition of the SunPump platform's potential but also opens an important channel for more meme assets to enter the mainstream market.

In September, with the official launch of SunPerp, SUN.io successfully expanded its derivatives trading scenarios, forming a product structure driven by both spot and futures trading. This new product quickly became a new pillar for SUN.io's trading volume growth, propelling the ecosystem into a more resilient and promising development phase.

The steady growth and periodic surges in trading volume continue to validate the effectiveness of SUN.io's "product rotation and trend relay" strategy. Driven by the synergy of multiple products and periodic hot topics, SUN.io is continuously consolidating its leading position in the decentralized trading ecosystem, and its growth certainty is becoming increasingly prominent.

While continuously strengthening its product portfolio, SUN.io is also amplifying its ecosystem influence through efficient resource integration and systematic global expansion, becoming an indispensable core growth engine in the TRON ecosystem.

In addition to successfully integrating with Binance Wallet and the Alpha Zone, SUN.io is also actively expanding its asset portfolio. Leveraging the powerful network connectivity of TRON, SUN.io quickly responded and launched trading pairs such as TRUMP/USDT, USD1/USDT, and USD1/TRX after the compliant stablecoin USD1 and Trump's personal meme token Trump were listed on the TRON network, further enriching trading scenarios and effectively improving asset liquidity.

In terms of global expansion, SUN.io's platform, SunPump, has partnered with core TRON ecosystem projects such as JustLend DAO, AINFT, and BitTorrent this year, participating in numerous top-tier global industry summits across more than ten countries and regions in Asia, Europe, and the Middle East. From the Consensus Conference and CryptoFi Forum in Hong Kong to the Hong Kong Web3 Carnival, multiple summits in Dubai, and events in Japan, Singapore, Thailand, and other countries in the second half of the year, SunPump has not only solidified its position as the preferred platform for meme coin creation and trading through participation in various activities, building partnerships, and promoting product upgrades, but has also comprehensively showcased its technological accumulation and collaborative development achievements with TRON ecosystem partners, continuously enhancing the global influence of the TRON ecosystem.

It's worth noting that SUN.io is preparing a series of significant upgrades, which are expected to be gradually announced soon. With the implementation of these new initiatives, the liquidity of the TRON ecosystem is expected to undergo structural optimization, further activating the potential for trading volume expansion and user growth, injecting new momentum into the continued prosperity of the entire ecosystem.

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