Prep the Ingredients: Slice the cherry tomatoes in half, dice the avocado, and chop the red bell pepper, onion, and jalapeño.
Finely chop the cilantro.
Make the Dressing: In a large bowl, whisk together the olive oil, red wine vinegar, sugar, salt, black pepper, garlic powder, and cayenne pepper until well combined.
Assemble the Dip: Add the black beans, black-eyed peas, corn, tomatoes, avocado, bell pepper, onion, jalapeño, and cilantro to the bowl with the dressing.
Squeeze fresh lime juice over the ingredients.
Toss and Chill : Gently toss all the ingredients to coat them evenly in the dressing. Cover and refrigerate for at least 1 hour to let the flavors meld together.
Serve: Serve chilled with tortilla chips for dipping, and watch it disappear!