OKX Wallet and Momentum launched xBTC incentive campaign, TVL increased to $140 million in two weeks
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News: The xBTC incentive activity launched by OKX Wallet in collaboration with Momentum has been online for two weeks, with a total prize pool of $1 million. Users can inject xBTC-USDC and xBTC-SUI liquidity pairs into the decentralized trading platform Momentum through the OKX Wallet event zone to participate in reward sharing. Data shows that so far, the activity has attracted over 578,000 users. Momentum's TVL has grown from $65 million two weeks ago to $140 million, an increase of 115%, while total trading volume has risen from $4 billion to $5.8 billion, a 45% increase. This collaboration not only enhances the liquidity of Bitcoin assets on the Sui chain but also successfully promotes the on-chain release of OKX's centralized assets, further building a bridge between CeFi and DeFi. The surge in TVL demonstrates Momentum's liquidity aggregation capability and strong growth momentum in the Sui ecosystem, gradually establishing its market position as a core DEX on Sui.
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