OKX Ventures Invests in Momentum, a Leading Sui-Based DEX
- OKX Ventures has invested in Momentum, a fast-growing DEX on the Sui network.
- Momentum processes $3B in volume and holds $70M TVL within two months.
- Platform offers 10x performance over traditional AMMs with ve(3,3) mechanics.
Capitalizing on the opportunities of the growing DeFi ecosystem, OKX Ventures undertook an investment in Momentum, a DEX on the Sui blockchain. Announced on June 6, the announcement situates Momentum as a fast-rising star within the Sui realm, providing deep liquidity and very efficient trading opportunities.
Founded in 2022, Momentum has quickly emerged as one of the most impactful DeFi platforms in the Sui network. Within just two months of active operations, the DEX has attracted 42,000 active wallets, secured a total value locked (TVL) of over $70 million, and facilitated a trading volume of $3 billion. Notably, Momentum accounts for over 25% of all DEX trading on the Sui blockchain.
Momentum: High-Performance and Institutional-Grade DeFi
Momentum excels by providing 10 times the performance of traditional AMM platforms. What this implies is that even under high-concurrency conditions, the platform continues to be scalable but stable, providing traders with a seamless trading experience. The platform employs the ve(3,3) incentive mechanism wherein liquidity, governance, and user rewards are weighted against each other to provide liquidity with low slippage and high speed.
According to Benson, OKX Ventures partner:
“As a leading DeFi application in the Sui ecosystem, Momentum provides a superior on-chain trading experience for traders, retail investors, and institutional users seeking low slippage and high liquidity. This will accelerate the Sui public chain DeFi ecosystem’s entry into the next growth cycle and prosperity.”
This endorsement by OKX Ventures signals growing institutional confidence in next-generation DeFi infrastructure and the Sui public blockchain.
Strong Growth Amid Rising DeFi Demand
Momentum’s rise coincides with an industry-wide trend of traditional financial institutions entering DeFi, as well as growing interest in real-world asset (RWA) tokenization. With momentum setting very high standards on user experience by focusing on simple user interactions and a strong backend system, it caters to both retail and institutional clients.
Also, its success is a testament to the Sui blockchain’s ability to support scalable, high-performance DeFi applications, thus carving out its niche as a worthy competitor to more congested networks such as Ethereum.
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OKX Ventures Invests in Momentum, a Leading Sui-Based DEX
- OKX Ventures has invested in Momentum, a fast-growing DEX on the Sui network.
- Momentum processes $3B in volume and holds $70M TVL within two months.
- Platform offers 10x performance over traditional AMMs with ve(3,3) mechanics.
Capitalizing on the opportunities of the growing DeFi ecosystem, OKX Ventures undertook an investment in Momentum, a DEX on the Sui blockchain. Announced on June 6, the announcement situates Momentum as a fast-rising star within the Sui realm, providing deep liquidity and very efficient trading opportunities.
Founded in 2022, Momentum has quickly emerged as one of the most impactful DeFi platforms in the Sui network. Within just two months of active operations, the DEX has attracted 42,000 active wallets, secured a total value locked (TVL) of over $70 million, and facilitated a trading volume of $3 billion. Notably, Momentum accounts for over 25% of all DEX trading on the Sui blockchain.
Momentum: High-Performance and Institutional-Grade DeFi
Momentum excels by providing 10 times the performance of traditional AMM platforms. What this implies is that even under high-concurrency conditions, the platform continues to be scalable but stable, providing traders with a seamless trading experience. The platform employs the ve(3,3) incentive mechanism wherein liquidity, governance, and user rewards are weighted against each other to provide liquidity with low slippage and high speed.
According to Benson, OKX Ventures partner:
“As a leading DeFi application in the Sui ecosystem, Momentum provides a superior on-chain trading experience for traders, retail investors, and institutional users seeking low slippage and high liquidity. This will accelerate the Sui public chain DeFi ecosystem’s entry into the next growth cycle and prosperity.”
This endorsement by OKX Ventures signals growing institutional confidence in next-generation DeFi infrastructure and the Sui public blockchain.
Strong Growth Amid Rising DeFi Demand
Momentum’s rise coincides with an industry-wide trend of traditional financial institutions entering DeFi, as well as growing interest in real-world asset (RWA) tokenization. With momentum setting very high standards on user experience by focusing on simple user interactions and a strong backend system, it caters to both retail and institutional clients.
Also, its success is a testament to the Sui blockchain’s ability to support scalable, high-performance DeFi applications, thus carving out its niche as a worthy competitor to more congested networks such as Ethereum.
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