SUNSwap V3

SUNSwap V3 receives a B risk grade (27/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — established Uni v3 fork with clean track record, but heavy USDT concentration and TRON ecosystem centralization around Justin Sun create outsized tail risks SUNSwap V3 is the main decentralized exchange on the TRON blockchain, using concentrated liquidity (like Uniswap V3) to let traders swap tokens and LPs earn fees. It handles most of TRON's stablecoin trading, especially USDT which is TRON's primary use case. With $176M in TVL and no major exploits, it earns a B grade. The biggest risks are its total dependency on TRON (controlled by Justin Sun) and its heavy USDT concentration — if either faces trouble, the whole protocol is affected.

The key risks identified for SUNSwap V3 are: (1) Almost all the liquidity is in USDT pairs. If Tether ever faces a crisis, the majority of SUNSwap V3 TVL gets hit at once and LPs are left holding discounted USDT (2) TRON is closely tied to Justin Sun who has faced regulatory scrutiny. Any enforcement action could cause TRX to crash and trigger mass withdrawal from the entire ecosystem (3) Providing concentrated liquidity on volatile TRON tokens means you can lose more than traditional LPs when prices swing hard, especially on thin pairs

SUNSwap V3 scores 27/100 across eight risk dimensions: Mechanism Novelty: 2/15, Interaction Severity: 6/20, Oracle Surface: 2/10, Documentation Gaps: 3/10, Track Record: 3/15, Scale Exposure: 5/10, Regulatory Risk: 2/10, Vitality Risk: 4/10. The highest risk area is Scale Exposure at 5/10.

Among 111 rated DEX protocols on Hindenrank, SUNSwap V3 ranks #31 by safety (lowest risk score = safest). Its 27/100 risk score and B grade place it among the safer DEX protocols.

SUNSwap V3 scores 3/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.