Cointime

Download App
iOS & Android

OKX Ventures announces investment in Momentum, the leading decentralized exchange in the Sui ecosystem

On June 6th, according to official sources, OKX Ventures announced a strategic investment in Momentum. Momentum is the DEX in the Sui ecosystem, with a minimalist interactive experience and deep liquidity characteristics. With the trend of traditional institutions accelerating their entry and the gradual expansion of the rwa market, Momentum has become an important DeFi infrastructure in the ecosystem. Since its establishment in 2022, it has continuously refined its product mechanisms, achieving near-instant transaction confirmation. In just 2 months, it has gained 42,000 active wallets, with a total locked value (TVL) on-chain exceeding $70 million, and a trading volume of $3 billion, with over 25% of the DEX trading volume on the Sui network coming from Momentum. Compared to traditional AMM decentralized platforms, its performance has improved by more than 10 times, maintaining good scalability and stability in high-concurrency environments. OKX Ventures partner Benson said: "As the leading DeFi application in the Sui ecosystem, Momentum allows traders, retail investors, and institutional users seeking low slippage and high liquidity to have a better on-chain trading experience through the ve(3,3) mechanism. This will drive the Sui public chain DeFi ecosystem to enter the next growth cycle and prosperity faster."

Comments

All Comments

Recommended for you