{"id":106346,"date":"2025-10-21T08:38:41","date_gmt":"2025-10-21T08:38:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=106346"},"modified":"2025-10-21T08:38:41","modified_gmt":"2025-10-21T08:38:41","slug":"solana-labs-takes-aim-at-perp-dex-wars-but-justin-suns-chinese-dex-plan-is-the-secret-slice","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=106346","title":{"rendered":"Solana Labs Takes Aim at Perp DEX Wars: But Justin Sun\u2019s Chinese DEX Plan Is The Secret Slice"},"content":{"rendered":"<p>The Solana Dex ecosystem is heating up again, and not just from the West. As Solana Labs quietly builds Percolator, a next-gen decentralized perpetual exchange to rival Hyperliquid crypto and Aster dex, Justin Sun\u2019s SunPerp is making bold moves in the East.<\/p>\n<p>Backed by TRON crypto and supported by a massive $200M trader recovery fund, SunPerp\u2019s rapid multi-chain expansion and Chinese-market focus have turned it into the stealth player few saw coming.<\/p>\n<p>Together, these launches mark a new phase in the global battle for decentralized derivatives dominance, one that could define the future of on-chain leverage trading.<\/p>\n<p><span><\/span><\/p>\n<div class=\"chart crypto-chart-instance\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n<div class=\"chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\"><\/div>\n<\/div>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\"><\/div>\n<div class=\"chart__info-change\"><\/div>\n<\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\"><\/div>\n<\/div>\n<\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/div>\n<\/div>\n<div class=\"chart__container\"><\/div>\n<\/div>\n<p><\/p>\n<h2>Is Percolator the Solana New Weapon in Dex Wars?<\/h2>\n<p>The Solana blockchain, long known for its speed and scalability, is making another ambitious push into decentralized finance. Solana Labs\u2019 co-founder Anatoly Yakovenko recently unveiled technical plans for Percolator, a decentralized perpetual DEX built directly on <span><\/span><\/p>\n<p>\t<span class=\"cwp-coin-widget-container\"><\/span><\/p>\n<p>\t\t<!-- name of the coin in the text --><br \/>\n\t\t<span class=\"cwp-coin-widget-wrapper\"><br \/>\n\t\t\t<span class=\"cwp-coin-widget-holder \"><br \/>\n\t\t\t\t<span class=\"cwp-coin-name\"><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-icon \"><\/span><\/span><\/span><\/span><\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\t\t\t\t<span class=\"cwp-coin-label \">Solana<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-symbol hidden\">SOL<\/span><\/p>\n<p>\t\t\t\t\t<span class=\"cwp-coin-trend-holder\"><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-price hidden\">$185.06<\/span><br \/>\n\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-trend-holder\"><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-trend  positive\">0.43%<\/span><br \/>\n\t\t\t\t\t<\/span><\/p>\n<p>\t\t\t\t<br \/>\n\t\t\t<br \/>\n\t\t<\/p>\n<p>\t\t<!-- popup with basic info about the coin --><br \/>\n\t\t<span class=\"cwp-coin-popup-wrapper \"><br \/>\n\t\t\t<span class=\"cwp-coin-popup-holder\"><br \/>\n\t\t\t\t<span class=\"cwp-coin-name\"><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-icon\"><\/span><\/span><\/span><\/span><\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\t\t\t\t<span class=\"cwp-coin-popup-name\">Solana<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-popup-symbol\">SOL<\/span><br \/>\n\t\t\t\t<br \/>\n\t\t\t\t<span class=\"cwp-coin-price\"><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-price-title\">Price<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-price-holder\"><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-price-value\">$185.06<\/span><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-trend-holder\"><br \/>\n\t\t\t\t\t\t\t<span class=\"cwp-coin-trend positive\">0.43% \/24h<\/span><br \/>\n\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t<\/span><br \/>\n\t\t\t\t<\/span><br \/>\n\t\t\t\t<span class=\"cwp-coin-volume\"><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-price-holder\"><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-volume-title\">Volume in 24h<\/span><\/span><\/span><\/p>\n<p>\t\t\t\t\t<br \/>\n\t\t\t\t\t<span class=\"cwp-coin-volume-value\">$6.49B<\/span><br \/>\n\t\t\t\t\t&lt;!&#8211; <span class=\"cwp-coin-trend-holder\"><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-trend\">?<\/span><br \/>\n\t\t\t\t\t<\/span>                     &#8211;&gt;<br \/>\n\t\t\t\t<br \/>\n\t\t\t\t<span class=\"cwp-coin-chart\"><br \/>\n\t\t\t\t\t<span class=\"cwp-graph-title\">Price 7d<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-graph-container positive\"><\/span><\/span><\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\t\t\t<\/p>\n<p>\t\t\t\t\t\t\t\t\t<span class=\"cwp-coin-link\"><br \/>\n\t\t\t\t\t\t<a href=\"https:\/\/99bitcoins.com\/goto\/bestwallet\" target=\"_self\" class=\"cwp-coin-custom-link\" rel=\"noopener\"><br \/>\n\t\t\t\t\t\t\tLearn more\t\t\t\t\t\t<\/a><br \/>\n\t\t\t\t\t<\/span><\/p>\n<p>\t\t\t<\/p>\n<p>\t\t<br \/>\n\t<\/p>\n<p>\t. Designed for performance and self-custody, Percolator introduces \u201cshared matching engines\u201d, meaning separate liquidity slabs can process orders in parallel, reducing network congestion while maintaning global price consistency.<\/p>\n<p> LATEST: Solana founder Anatoly Yakovenko is building a new perp DEX called Percolator. <a href=\"https:\/\/t.co\/3xKTFqL2LI\" target=\"_blank\" rel=\"noopener\">pic.twitter.com\/3xKTFqL2LI<\/a><\/p>\n<p>\u2014 Cointelegraph (@Cointelegraph) <a href=\"https:\/\/twitter.com\/Cointelegraph\/status\/1980265432490602984?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 20, 2025<\/a><\/p>\n\n<p>In short: every market runs on its own lane, but a single router ensures atomic settlement and margin safety. This could solve one of DeFi\u2019s most significant problems \u2013 bottlenecks in on-chain order matching. Percolator\u2019s design already has working code on GitHub, with data structures and order-book logic completed.<\/p>\n<p>While no launch date has been set, the project represents Solana\u2019s most precise shot at reclaiming dominance from Hyperliquid, whose recent 30-day trading volume hit $313Bn, according to DefiLlama.<\/p>\n<p>\n<strong>(Source \u2013 <a class=\"general-link\" href=\"https:\/\/defillama.com\/protocol\/hyperliquid\" target=\"_blank\" rel=\"noopener\">defillama<\/a>)<\/strong><\/p>\n<p>If Percolator DEX launches smoothly, it could become the first Solana Dex to challenge centralized exchanges on speed and liquidity head-to-head.<\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-100x-crypto\/\" target=\"_blank\" rel=\"noopener\">10+ Next Crypto to 100X In 2025<\/a><\/strong><\/p>\n<h2>Can Justin Sun\u2019s SunPerp Outshine Solana\u2019s DeFi Push?<\/h2>\n<p>While Solana builds its DEX from the ground up, Justin Sun\u2019s SunPerp has taken the opposite route \u2013 expanding rapidly through capital and community power. On October 15, 2025, SunPerp doubled its trading depth and announced a massive $100M \u201cSail Together\u201d fund, co-financed with HTX, to compensate traders hit by recent market crashes. Bonuses range from 5 USDT to 5,000 USDT, open to users from any exchange, making this one of the most significant relief funds ever launched by a DeFi project.<\/p>\n<p>$100 Million &#8220;Sail Together&#8221; Initiative Now Open for Registration! <\/p>\n<p>Register Now: <a href=\"https:\/\/t.co\/u06UHKpb27\" target=\"_blank\" rel=\"noopener\">https:\/\/t.co\/u06UHKpb27<\/a><br \/>(or scan the QR code) <a href=\"https:\/\/t.co\/hn3OIoR4f9\" target=\"_blank\" rel=\"noopener\">pic.twitter.com\/hn3OIoR4f9<\/a><\/p>\n<p>\u2014 SunPerp (@SunPerp_DEX) <a href=\"https:\/\/twitter.com\/SunPerp_DEX\/status\/1978762948224172048?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 16, 2025<\/a><\/p>\n\n<p>SunPerp has also integrated TRON, Ethereum, BNB Chain, and Arbitrum, promising to add two more blockchains each week. Its new multi-stablecoin trading allows users to open perpetual positions in USDC and USDD, enchancing liquidity flexibility.<\/p>\n<p>Technical data shows <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/altcoins\/crypto-news-today-october-21-bitcoin-price-wobbles-while-btc-usd-drops-3-fed-crypto-conference-today-for-infinite%E2%80%91money-glitch\/\" target=\"_blank\" rel=\"noopener\">market depth<\/a> doubling across BTC and ETH pairs (up ~250%) while SunPerp maintaned full uptime during October\u2019s volatility. With ultra-low fees (up to 55% off), 12% APY auto-earn, and upcoming Trade-to-Earn incentives, the DEX is quietly positioning itself as the Chinese-language market\u2019s flagship perpetuals platform.<\/p>\n<p>\n<strong>(Source \u2013 <a class=\"general-link\" href=\"https:\/\/www.sunwukong.io\/zh-cn\" target=\"_blank\" rel=\"noopener\">sunwukong<\/a>)<\/strong><\/p>\n<p>Analysts call SunPerp the \u201cSun Perp Effect\u201d: a DEX designed to bridge Asian liquidity with Western leverage demand, a move that could reshape derivatives trading entirely.<\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-coinbase-listings\/\" target=\"_blank\" rel=\"noopener\">15+ Upcoming Coinbase Listings to Watch in 2025<\/a><\/strong><\/p>\n<h2>Who Wins the DEX Race \u2013 Solana\u2019s Percolator or Sun\u2019s SunPerp?<\/h2>\n<p>THe Solana DEX landscape and the Chinese DEX expansion are converging into the same arena, one defined by performance, depth, and multi-chain reach. Solana\u2019s Percolator is building trust through open-source innovation and high-speed architecture, while SunPerp is executing with aggressive growth, funding, and inclusivity.<\/p>\n<p>But here\u2019s the twist: SunPerp\u2019s immediate liquidity and user-centric design could give it a real-world advantage long before Percolator fully launches. Meanwhile, Solana\u2019s technological edge may ensure it wins in the long run, if it can sustain developer momentum and integrate cross-chain support.<\/p>\n<p>In this battle of Solana Crypto vs. SunPerp, both sides are redefining what a modern decentralized derivatives exchange looks like. Wether you\u2019re a Solana maximalist or a TRON believer, one thing is clear \u2013 the perp DEX wars are just beginning, and global traders are the ultimate winners.<\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-binance-listings\/\" target=\"_blank\" rel=\"noopener\">16+ New and Upcoming Binance Listings in 2025<\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener\"><span>Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p>        Solana announced their DEX response to Hyperliquid.    <\/p>\n<p>        Justin Sun joins the war with SunPerp.    <\/p><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/solana-labs-takes-aim-at-perp-dex-wars-but-justin-suns-chinese-dex-plan-is-the-secret-slice\/\">Solana Labs Takes Aim at Perp DEX Wars: But Justin Sun\u2019s Chinese DEX Plan Is The Secret Slice<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>The Solana Dex ecosystem is heating up again, and not just from the West. As Solana Labs quietly builds Percolator, a next-gen decentralized perpetual exchange to rival Hyperliquid crypto and Aster dex, Justin Sun\u2019s SunPerp is making bold moves in the East. Backed by TRON crypto and supported by a massive $200M trader recovery fund, [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-106346","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/106346"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=106346"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/106346\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=106346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=106346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=106346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}