BlockBeats News, June 6th, according to official sources, OKX Ventures announced a strategic investment in Momentum. Momentum is the DEX in the Sui ecosystem, with its minimalist interaction experience and deep liquidity characteristics. With the accelerating trend of traditional institutions entering the market and the gradual expansion of the rwa market, Momentum has become an important DeFi infrastructure in the ecosystem. Since its establishment in 2022, continuously refining its product mechanism, Momentum has achieved nearly instant transaction confirmation. In just 2 months, it has gained 42,000 active wallets, with an on-chain Total Value Locked (TVL) exceeding $70 million, and a trading volume of $30 billion. Momentum accounts for over 25% of the DEX trading volume on the Sui network. Compared to traditional AMM decentralized platforms, its performance has been improved by more than 10 times, maintaining good scalability and stability in high-concurrency environments.
OKX Ventures partner Benson stated: "As the flagship DeFi application in the Sui ecosystem, Momentum allows traders, retail users, and institutional users seeking low slippage and high liquidity to enjoy a higher-quality 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."
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