As Hyperliquid and Aster Jockey for Defi Supremation, Tron founder Justin Sun revealed his own decentralized eternal contracts on Wednesday called Sunperp.
The platform is designed to subsidize the transaction costs of users, to hide order books and authorization data via “Dark Pools”, and ultimately to connect to other ecosystems, including Ethereum and Solana, according to a press release.
On the stage at Crypto Confab in Singapore, the billionaire born in China said that the service, which is already in its public betabas, offers Tron’s global users the opportunity to trade cryptovijker who have no expiration date for the first time.
“We have synthesized the best practices of the industry, standing on the shoulders of giants,” he said and noticed that the introduction of the Sunperp is a “direct response to the irreversible trend of capital migration from centralized to decentralized platforms.”
This year, Hyperliquid has cut strong user growth, while users speculate about price fluctuations with degenerate levels of leverage. Aster, who exists on BNB Smart Chain, has emerged as a recent challenger, and is reverse By Binance founder Changpeng Zhao.
Sunperp has a similar name such as Sunpump, which was the last debut alongside Pump.Fun’s Rise. The name is a riff about mythological character Sun Wukong, also known as the Monkey King, according to the press release, that emphasizes Chinese roots.
“The audience broke out when Justin Sun announced the name,” it added.
Sunperp is planning to offer users USDT, the stablecoin offered by Tether. As part of the initial phase, the Platform is planning to integrate with Ethereum, BNB Smart Chain and Arbitrum, an Ethereum Layer-2 network that is used to move funds to the Layer-1 network of Hyperliquid.
Sun has been warmed up this year for other trends in the industry, including crypto -outskist companies. He was collected as an adviser to Tron Inc., a former supplier of theme park products that was that headquarters In a common workspace in a suburb of Florida. According to their peak, the shares of the company have collapsed more than 80% in June, according to Yahoo Finance.
Sun owns more than 63% of Tron’s range, according to Bloomberg. Sun submitted A federal lawsuit against Bloomberg To prevent the Mediagig from breaking a confidentiality agreement. The request was refused last month.
In a statement, Tron Dao, which has managed its corresponding ecosystem since the sun was resigned in 2021, said The information it gave to the publication was ‘inaccurate’, with the argument that the case will influence whether the industry will be ‘constantly smeared by stores for clicks’.
Sec set withdrawing his securities fraud and market manipulation against Sun in February, while terminating other legal battles as part of a wider shift.
Sun is an important backer of World Liberty Financial, the Defi project of the Trump family. He was too recognized This year as a strong proponent of the Meme Coin of the President. Yet the band was frayed in some ways, given that WLFI tokens were linked to the sun frozen last month.
