Solana Labs Takes Aim at Perp DEX Wars: But Justin Sun’s Chinese DEX Plan Is The Secret Slice

[Redator]

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’s SunPerp is making bold moves in the East.

Backed by TRON crypto and supported by a massive $200M trader recovery fund, SunPerp’s rapid multi-chain expansion and Chinese-market focus have turned it into the stealth player few saw coming.

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.

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Is Percolator the Solana New Weapon in Dex Wars?

The Solana blockchain, long known for its speed and scalability, is making another ambitious push into decentralized finance. Solana Labs’ co-founder Anatoly Yakovenko recently unveiled technical plans for Percolator, a decentralized perpetual DEX built directly on Solana SOL $185.06 0.43% Solana SOL Price $185.06 0.43% /24h Volume in 24h $6.49B Price 7d Learn more . Designed for performance and self-custody, Percolator introduces “shared matching engines”, meaning separate liquidity slabs can process orders in parallel, reducing network congestion while maintaning global price consistency.

LATEST: Solana founder Anatoly Yakovenko is building a new perp DEX called Percolator. pic.twitter.com/3xKTFqL2LI

— Cointelegraph (@Cointelegraph) October 20, 2025

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’s most significant problems – bottlenecks in on-chain order matching. Percolator’s design already has working code on GitHub, with data structures and order-book logic completed.

While no launch date has been set, the project represents Solana’s most precise shot at reclaiming dominance from Hyperliquid, whose recent 30-day trading volume hit $313Bn, according to DefiLlama.

(Source – defillama)

If Percolator DEX launches smoothly, it could become the first Solana Dex to challenge centralized exchanges on speed and liquidity head-to-head.

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Can Justin Sun’s SunPerp Outshine Solana’s DeFi Push?

While Solana builds its DEX from the ground up, Justin Sun’s SunPerp has taken the opposite route – expanding rapidly through capital and community power. On October 15, 2025, SunPerp doubled its trading depth and announced a massive $100M “Sail Together” 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.

$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 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.

Technical data shows market depth doubling across BTC and ETH pairs (up ~250%) while SunPerp maintaned full uptime during October’s 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’s flagship perpetuals platform.

(Source – sunwukong)

Analysts call SunPerp the “Sun Perp Effect”: a DEX designed to bridge Asian liquidity with Western leverage demand, a move that could reshape derivatives trading entirely.

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Who Wins the DEX Race – Solana’s Percolator or Sun’s SunPerp?

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’s Percolator is building trust through open-source innovation and high-speed architecture, while SunPerp is executing with aggressive growth, funding, and inclusivity.

But here’s the twist: SunPerp’s immediate liquidity and user-centric design could give it a real-world advantage long before Percolator fully launches. Meanwhile, Solana’s technological edge may ensure it wins in the long run, if it can sustain developer momentum and integrate cross-chain support.

In this battle of Solana Crypto vs. SunPerp, both sides are redefining what a modern decentralized derivatives exchange looks like. Wether you’re a Solana maximalist or a TRON believer, one thing is clear – the perp DEX wars are just beginning, and global traders are the ultimate winners.

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Key Takeaways

Solana announced their DEX response to Hyperliquid.

Justin Sun joins the war with SunPerp.

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