According to official social media reports, SunX, a Chinese decentralized contract trading platform, will host a live stream today at 8 PM (UTC+8) titled "SunX 72 Debates: From Fee Rebates to SUN Buyback and Burn, a Comprehensive Breakdown of the Million-Dollar Mining Campaign!" Crypto KOLs such as Zane.梓梓, SexyMichill, 可可爱饼干, DePig, and 三叔.BTC will be invited to participate and engage in in-depth discussions on crypto market trends and the future of Perp DEX.
Previously, it was reported that SunX's first "transaction mining" event would run from November 21st at 20:00 to December 6th at 20:00 (UTC+8), with a total prize pool of 1.35 million USDT. Users participating in BTC/USDT, ETH/USDT, and SUN/USDT perpetual contract trading could receive additional $SUN token rewards on top of a full refund of transaction fees.
According to an official announcement, Gate Perp DEX will officially launch the "King of Bulls and Bears: Individual Peak Competition" from 19:00 on November 27th to 19:00 on December 25th (UTC+8), with a total prize pool of 50,000 USDT. This event focuses on individual trading performance, accumulating "Bull/Bear Points" through profitable closed trades to participate in the overall ranking and the Directional Star ranking. The highest prize on the overall ranking is 8,000 USDT, while the top players on both the Bull and Bear directional rankings will each receive a reward of 1,000 USDT. Users who complete three profitable trades can also participate in a lucky draw for a 30 USDT prize (200 winners). An invitation incentive is also available, with a maximum reward of 90 USDT per person.
It is understood that Gate Perp DEX is committed to providing an efficient and transparent on-chain perpetual experience, and guides users to participate more actively in the on-chain trading ecosystem through incentive mechanisms.
According to official news, Gate will officially launch the Gate Perp DEX BTC & ETH Dual-Currency Yield Challenge from 19:00 on November 24th to 19:00 on December 8th (UTC+8), with a total prize pool of 30,000 USDT. Users can participate in the event through three main sections: Perps Newcomer Exclusive Rewards, the BTC & ETH Yield Challenge, and Referral Rewards.
During the event, new users who complete their first BTC/USDT or ETH/USDT perpetual trade on Gate Perp DEX and achieve the required trading volume will receive 5 USDT. Enter the yield leaderboard for a top reward of 3,000 USDT. Inviting friends to participate will also earn an additional up to 120 USDT.
According to data from DefiLlama, as reported by Odaily Planet Daily, Lighter's 24-hour trading volume surpassed $11 billion, ranking first among Perp DEXs. Hyperliquid ($9.1 billion) and Aster ($8 billion) ranked second and third respectively.
Previously, Lighter announced the completion of a $68 million funding round, led by Founders Fund and others.
According to Odaily Planet Daily, in October 2025, the total trading volume of decentralized perpetual contract exchanges (perp DEX) surged to a record $1.2 trillion, nearly doubling from the previous month. The growth was primarily driven by platforms such as Lighter, Aster, EdgeX, Pacifica, and Apex. Lighter led the pack with approximately 27% market share, while Hyperliquid's market share dropped from 33% in the previous month to 10%.
The surge in trading volume was primarily driven by two factors: first, incentive mechanisms such as "points programs" launched by various platforms; and second, the wave of liquidations triggered by the sharp market fluctuations on October 10th, which forced both long and short positions to be closed out simultaneously. Following the event, many traders increased their trading frequency to recoup losses.
