SUN.io was launched to promote the development of TRON’s DeFi ecosystem. Due to the community and the open-source smart contracts, SUN.io has affirmed ties with several other DeFi projects on the TRON public chain via decentralized liquidity mining. Liquidity mining means crypto users lend assets to a defined decentralized exchange (DEX) in return for rewards. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on blockchain.

Using several transaction protocols, SUN.io seeks to create a combined DEX ecosystem with better functionality, gains, and security. The token also offers different incentives for users, such as the transaction fees being rewarded to liquidity market creators, staking rewards of the SUN coin, and liquidity mining of the LP tokens. A liquidity pool, or LP, is a collection of cryptocurrencies or tokens that are kept locked in smart contracts, enabling trading between two different assets on a DEX.

According to the whitepaper, SUN.io incorporates on-chain token swaps, stablecoin swaps, liquidity mining, and more on the TRON chain, supplying individuals with multiple one-stop services: 

The new protocol of SunSwap sustains the buyback and burning of a particular amount of rewards earned from the transaction fees on DEX. 

During the entire process, the burning method of SUN and the voting privileges of the SUN holders create a closed-loop ecosystem.

Besides this, SUN also connects numerous heterogeneous blockchain networks and recognizes the cross-chain swap of the assets. The coin also provides users with a more suitable, cost-effective, and safe way to exchange assets across different blockchains.

We update our Sun [New] to GBP currency in real-time. Get the live price of Sun [New] on Coinbase.

The current market cap of Sun [New] is £237.433M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Sun [New] is £0.0521. This all-time high is highest price paid for Sun [New] since it was launched.

Over the last 24 hours, the trading volume of Sun [New] is £9.662M.

Assets that have a similar market cap to Sun [New] include Injective, Humanity Protocol, Aerodrome Finance, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Sun [New] is 19 billion.