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I just noticed a quite interesting Chinese DEX called Sun Wukong. It launched in October and has now reached a trading volume of $3.65 billion USD in less than a month. The number of active users is also quite impressive, around 35,600 accounts.
The cool thing about this platform is that it supports multiple blockchains such as TRON, Ethereum, BNB Chain, and Arbitrum, and trading is free of charge. The interface is designed specifically for Chinese users, making it quite easy to use. The most traded pairs are BTC, ETH, and SOL, especially BTCUSDT, which generates a daily volume of up to $35.18 million USD.
This shows that although China bans cryptocurrency trading, investors from there are still very interested in digital assets. Especially in Hong Kong, which is gradually becoming the main hub of the region. The rapid growth of this Chinese DEX proves that market demand remains very high.