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SUNSwap V2 Review 2026: TRON's TRC20 DEX Examined

SUNSwap V2 is a TRON-based decentralized exchange where users swap TRC20 tokens and provide liquidity to earn fees. DefiLlama shows about $255 million in TVL, which makes it a sizeable venue on TRON.

Tron

By the DappsAtlas editorial team · Updated Nov 4, 2026

DappsAtlas score

7.2/10

Good

Visit SUNSwap V2

Our verdict on SUNSwap V2

7.2/10

SUNSwap V2 suits TRON users who want to swap TRC20 tokens or earn fees as liquidity providers on a well-established DEX. Its main strengths are about $255 million in TVL, two listed audits and a stated no-commission model for market makers. The main caveat is that fee tiers and audit details are not published in the research material, and it only serves the TRON ecosystem. Check the fees in the app, and treat liquidity provision as a risk-bearing activity.

Score breakdown

How SUNSwap V2 scores

Security: 7.0/10
Ease of use: 7.5/10
Fees: n/a
Features: 6.5/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is SUNSwap V2?

SUNSwap V2 is a decentralized exchange built on TRON. It lets users swap between TRC20 tokens and supply liquidity to pools to earn trading fees. DefiLlama classifies it as a DEX, and it has been tracked since May 2023.

The protocol holds about $255 million in TVL according to DefiLlama, with a 1.7% dip over seven days. That puts it among the larger applications on TRON. DefiLlama lists two audits and associates a token called SUN with the project.

The homepage describes an open financial market where anyone can take part, and states that the platform does not take a commission from market makers' fees. Details such as fee tiers and pool mechanics are not given in the research material.

How SUNSwap V2 works

SUNSwap V2 is an automated market maker. Instead of an order book matching buyers and sellers, traders swap against pools of tokens that users have deposited. Prices are set by the pool's formula and shift as trades change the balance of tokens.

Liquidity providers deposit token pairs and earn a share of the fees paid by traders. The homepage says these providers get fees continuously and that the platform takes no commission. The project does not specify V2's exact pool design, such as concentrated liquidity ranges.

Everything is executed by smart contracts on TRON. Users keep their tokens in their own wallet until they approve a swap or deposit, so there is no exchange account.

6 features

Key features

TRC20 token swaps

Swap any TRC20 token directly from your wallet through on-chain liquidity pools, with no account sign-up described.

Automated liquidity provision

Users can deposit tokens into pools and receive a share of trading fees, as the homepage describes for market makers.

No platform commission

The homepage states the platform does not take a commission from the service fees paid to market makers.

TRON-native design

The protocol runs entirely on TRON, relying on that network for settlement and transaction speed.

Listed audits

DefiLlama lists two audits for the project, which is a positive sign for contract review.

Open market access

The protocol is described as open to any user and any TRC20 token pair.

Pros and cons

What we like

Sizeable liquidity, with about $255 million TVL on DefiLlama.
Native to TRON, supporting swaps between TRC20 tokens.
Homepage states no platform commission on market maker fees.
Two audits are listed on DefiLlama.
Non-custodial design: users trade from their own wallets.
Tracked since May 2023, so it has some operating history.

Watch out for

Runs only on TRON, so it is no use for tokens on other networks.
Fee tiers and swap costs are not given in the research material, so users must check them in the app.
The two audits DefiLlama lists are not named here, so scope and findings cannot be confirmed.
As with any automated market maker, liquidity providers face impermanent loss.
Smart-contract risk remains despite the audits, and funds are in the user's own wallet with no recourse.
TVL fell 1.7% over seven days, and public sources give no wider trend to judge momentum.

SUNSwap V2 fees

The research material does not publish SUNSwap V2's fee tiers. The homepage says market makers earn service fees continuously and that the platform takes no commission on them.

In practice a swap costs the pool fee plus TRON network costs, and slippage on thin pools. The swap interface should show the fee and price impact before you confirm.

Is SUNSwap V2 safe?

DefiLlama lists two audits for SUNSwap V2, but the auditors and findings are not named in the research material. Audits reduce risk without removing smart-contract bugs, and users should read the reports before depositing large amounts.

The exchange is non-custodial, so you bear the risk of wallet security and phishing sites. Liquidity providers also face impermanent loss and token-specific risks, especially in pools with unfamiliar TRC20 tokens. Public sources mention no hacks or incidents, and no regulatory status is stated.

6 steps

How to get started with SUNSwap V2

1
Install a TRON-compatible wallet and secure your seed phrase offline.
2
Fund the wallet with TRX for network costs and the TRC20 tokens you want to trade.
3
Open the official SunSwap site and double-check the address to avoid phishing copies.
4
Connect your wallet and pick the tokens to swap, then review fee, slippage and price impact.
5
To provide liquidity, choose a pool, deposit the token pair and understand impermanent loss first.
6
Start with a small amount to get familiar with the process before committing more.

Open SUNSwap V2

Who SUNSwap V2 is for

SUNSwap V2 is for people already active on TRON who want to swap TRC20 tokens without a centralized exchange account. It also suits liquidity providers who understand impermanent loss and smart-contract risk. Users who need multi-chain access will need another venue.

SUNSwap V2 FAQs

What is SUNSwap V2?

SUNSwap V2 is a decentralized exchange on the TRON network. It lets users swap TRC20 tokens and supply liquidity to pools in return for trading fees. The homepage says the platform takes no commission from market makers' fees.

Is SUNSwap V2 a legitimate decentralized exchange?

Yes, it is listed on DefiLlama under the Dexs category with TRON as its only chain. It has been tracked since 22 May 2023 and shows two audits. An audit lowers risk but does not remove it.

How do liquidity providers earn on SUNSwap?

The homepage says market makers receive service fees continuously and that the platform takes no commission. The exact fee tiers per pool are not in the research material, so check them in the app before adding liquidity or swapping.

Does SUNSwap have a token?

DefiLlama lists a token called SUN associated with the project. The project does not describe its exact utility on SUNSwap V2, so check the official documentation for its role.

What can I trade on SUNSwap V2?

It supports exchange between TRC20 tokens, according to the homepage. You need a TRON-compatible wallet and some TRX to pay network costs.

How big is SUNSwap V2?

DefiLlama shows TVL of about $255 million, down 1.7% over seven days. TVL changes with token prices and deposits, so treat it as a rough gauge of size.

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