Momentum Finance, as a decentralized exchange on the Sui network, has surpassed $1 billion in total exchange volume within just one month of its launch, solidifying its position as one of the fastest-growing decentralized exchanges on the Sui blockchain. With over 200,000 independent users and millions of trading activities involving top tokens like $DEEP, $SUI, $WAL, and $USDC, Momentum is rapidly establishing itself as the core liquidity engine of the Sui ecosystem.
Momentum founder ChefWEN stated: "We are excited to see such rapid adoption. In an unpredictable volatile market, Momentum is establishing its position as a future leader in the Sui ecosystem. We will break records and reach greater heights."
Before launching its flagship DEX, Momentum had already established a key infrastructure position through Momentum Safe, providing services such as token custody, financial management, and liquidity provision across Move blockchains, with over $500 million in TVL, $1.8 billion in trading volume, and more than 35,000 active wallets. This strong foundation and ecosystem trust enabled a smooth transition to decentralized trading when launching its ve(3,3) DEX in early April.
The protocol, developed over three years, was co-founded by ChefWEN (a former Meta Libra project founding member) and supported by investors including Coinbase, Circle, Amber, Selini, and the Sui Foundation.
Momentum launched the Momentum Building Program, a long-term initiative where users can earn "bricks" through trading, referrals, and providing liquidity. Early adopters have the opportunity to gain long-term shares in Momentum's growth. Each earned brick will contribute to future MMT token ownership, voting rights, and a share of 100% of weekly protocol fees and incentives.
The program is divided into two phases. In the LFG phase, early users can receive 20% brick rewards to maximize their returns. In the subsequent WAGMI trading competition phase, reward pools and referral incentives will be introduced to expand the ecosystem. Currently, they are collaborating with OKX Wallet to incentivize early adopters.
Momentum is also preparing to announce significant ecosystem partnerships to expand its influence and integrate more protocols into its exchange. These collaborations will accelerate the protocol's own liquidity, bring new token pools, and activate new user groups.
Momentum will take the stage as a sponsor at Sui Basecamp, a flagship event celebrating innovation and builders within the Sui ecosystem. As Momentum strives to become the flagship DEX on Sui, it is actively working to expand and strengthen its ecosystem partner network.
Trade on Momentum DEX to earn rewards and enjoy low fees.
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About Momentum
Momentum is the leading Move central liquidity engine, providing multi-signature financial management, token custody, and liquidity provision solutions. Momentum was co-founded by ChefWEN, one of the founding engineers of the Meta Libra project.
For more information, visit Momentum
