I recently noticed that a Chinese DEX called Sun Wukong has been launched for less than a month, and its trading volume has already exceeded $3.6 billion. This number is quite impressive for a new perpetual contract exchange. The platform supports TRON, Ethereum, BNB Chain, and Arbitrum, plus zero trading fees and a Chinese-language interface, so it's understandable why it has attracted 35,600 active users. The BTCUSDT pair is the hottest, with a daily volume of up to $35 million, followed by ETH and SOL. Interestingly, although China bans cryptocurrency trading, investors still find ways to access digital assets, especially those in Hong Kong. It seems this region is becoming a focal point for crypto activity in the area, and this Chinese DEX is just a sign of a larger trend.

ETH1.87%
SOL0.88%
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