Solana Labs Targets Perp DEX Competition: However, Justin Sun’s Chinese DEX Strategy Is The Hidden Piece
The Solana Dex ecosystem is gaining momentum once again, with influences coming from both the East and the West. While Solana Labs is discreetly working on Percolator, an advanced decentralized perpetual exchange poised to compete against Hyperliquid crypto and Aster dex, Justin Sun’s SunPerp is making assertive advances in the Eastern crypto market.
Funded by TRON crypto and reinforced with a substantial $200M trader recovery fund, SunPerp’s swift expansion across multiple chains and its emphasis on the Chinese trading market has positioned it as an unexpected contender.
These developments signal a new chapter in the quest for supremacy in the decentralized derivatives trading market, a contest that may shape the future of leverage trading on-chain.
Is Percolator Solana’s New Arsenal in the DEX Conflict?
The Solana distributed ledger, celebrated for its speed and scalability, is pushing ambitiously once more into the domain of DeFi. Solana Labs’ co-founder Anatoly Yakovenko recently shared technical insights regarding Percolator, a decentralized perpetual DEX designed directly on
Solana
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. Aimed at enhancing performance and promoting self-custody, Percolator introduces “shared matching engines,” allowing distinct market fluidity slabs to execute orders simultaneously, alleviating network congestion while preserving global pricing uniformity.
— Cointelegraph (@Cointelegraph) October 20, 2025
To summarize: each crypto market operates on its unique lane, yet a unified router ensures atomic settlement and margin protection. This design could address one of DeFi’s primary challenges – the delays in on-chain order matching. Percolator’s structure already features functional code on GitHub, with order-book logic and data frameworks finalized.
No launch date has been announced, but this initiative signifies Solana’s keen strategy to reclaim its status from Hyperliquid, which recently achieved a staggering 30-day trading volume of $313Bn, according to DefiLlama.
(Source – defillama)
If Percolator DEX launches for real, it could emerge as the first Solana DEX to directly compete with centralized exchanges on aspects of speed and available volume.
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Can Justin Sun’s SunPerp Outperform Solana’s Decentralized finance Initiative?
While Solana develops its DEX ambitiously, Justin Sun’s SunPerp has opted for a different strategy — swiftly advancing through capital backing and community engagement. On October 15, 2025, SunPerp amplified its trading capacity and revealed a significant $100M “Sail Together” fund, co-financed with HTX, aimed at compensating traders affected by the recent market downturns. Bonuses are available from 5 USDT to 5,000 USDT, accessible to users across any exchange, marking one of the largest relief efforts ever initiated by a Decentralized finance project.
$100 Million “Sail Together” Initiative Now Open for Registration!
Register Now: https://t.co/u06UHKpb27
(or scan the QR code) pic.twitter.com/hn3OIoR4f9— SunPerp (@SunPerp_DEX) October 16, 2025
SunPerp has also integrated with TRON, ETH, BNB Chain, and Arbitrum, promising the addition of two more blockchains each week. Its new multi-stablecoin trading capability allows users to establish perpetual positions in USDC and USDD, enhancing liquidity options.
Technical data indicates a doubling of crypto market depth across BTC and Ethereum pairs (surging by ~250%) while SunPerp maintained continuous operation amid October’s crypto market fluctuations. With ultra-competitive fees (up to 55% lower), 12% APY auto-earning, and upcoming Trade-to-Earn incentives, the DEX is quietly positioning itself as the premier platform for perpetuals in the Chinese-market.
(Source – sunwukong)
Experts refer to SunPerp’s approach as the “Sun Perp Effect”: a DEX crafted to connect Asian available volume with Western leverage requirements, a strategy that could potentially transform derivatives trading.
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Who Will Prevail in the DEX Contest — Solana’s Percolator or Sun’s SunPerp?
The terrain of Solana’s DEX and the expansion of Chinese DEX are merging into a singular arena, characterized by performance, depth, and multi-chain accessibility. Solana’s Percolator is establishing credibility through open-source innovation and high-speed design, whereas SunPerp is doing so with assertive expansion, funding, and inclusivity.
However, an interesting dynamic emerges: SunPerp’s immediate available volume and user-oriented design might grant it a tangible advantage well before Percolator officially launches. Meanwhile, Solana’s technological superiority might secure its long-term success, provided it can maintain developer enthusiasm and implement cross-chain integration.
In this face-off between Solana Crypto and SunPerp, both factions are reshaping the representation of a contemporary decentralized derivatives trading platform. Whether you identify as a Solana enthusiast or a TRON supporter, one thing remains evident — the battle for perp DEX supremacy is just beginning, with global traders set to emerge as the ultimate beneficiaries.
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The article Solana Labs Aims for Perp DEX Dominance: But Justin Sun’s Chinese DEX Strategy is the Hidden Edge first appeared on 99Bitcoins.
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