The decentralized exchange on the Sui Network has captured the market just one month after its launch.
Momentum Finance, as a decentralized exchange on the Sui network, has surpassed a total trading volume of $1 billion just one month after going live, 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 such as $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 thrilled 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 new 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, covering the Move blockchain 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 allowed for a smooth transition to decentralized trading when it launched the ve(3,3) DEX in early April.
The protocol, developed over three years, was co-founded by ChefWEN (a founding member of the former Meta Libra project) and is supported by investors such as Coinbase, Circle, Amber, Selini, and the Sui Foundation.
Momentum has 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 brick earned will contribute to future ownership of MMT tokens, voting rights, and a share of 100% of the protocol fees and incentives distributed weekly.
The program is divided into two phases. In the LFG phase, early users can earn a 20% brick reward to maximize their returns. In the subsequent WAGMI trading competition phase, a reward pool and referral incentives will be introduced to expand the ecosystem. Currently, there is a collaboration 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 the 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 also actively working to expand and strengthen its ecosystem partner network.
Trade on the Momentum DEX to earn rewards and enjoy low fees. Join now: https://app.mmt.finance/trade!
About Momentum
Momentum is the leading Move central liquidity engine, providing solutions such as multi-signature financial management, token custody, and liquidity provision. Momentum was co-founded by ChefWEN, one of the founding engineers of the Meta Libra project.
For more information, visit Momentum
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