OKX Ventures Announces Investment in Leading Sui Ecosystem DEX Momentum

Odaily Planet Daily reports that according to official news, OKX Ventures has announced a strategic investment in Momentum. Momentum is a DEX within the $Sui ecosystem, featuring a minimalist interaction experience and deep liquidity characteristics. With the accelerating entry of traditional institutions and the gradual expansion of the RWA market, Momentum has become an important DeFi infrastructure within the ecosystem.

Since its establishment in 2022, Momentum has continuously refined its product mechanisms, achieving nearly instant transaction confirmations. Within 2 months, it has acquired 42,000 active wallets, with an on-chain Total Value Locked (TVL) exceeding $70 million and a trading volume reaching $3 billion. Over 25% of the DEX trading volume on the $Sui network comes from Momentum. Compared to traditional AMM decentralized platforms, it offers over 10x performance improvements and maintains excellent scalability and stability under high concurrency environments.

Benson, Partner at OKX Ventures, stated: "As a leading DeFi application in the $Sui ecosystem, Momentum utilizes the ve(3,3) mechanism to provide traders, retail users, and institutions seeking low slippage and high liquidity with a superior on-chain trading experience. This will accelerate the $Sui public chain DeFi ecosystem’s entry into its next growth cycle and prosperity." (Chainwire)