According to official sources, OKX Ventures has announced the completion of 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 prospect of the RWA market gradually expanding, Momentum has become an important DeFi infrastructure in the ecosystem. Since its establishment in 2022, Momentum has continuously refined its product mechanism and achieved almost instant transaction confirmation. In just two months, we obtained 42000 active wallets, with a total value locked on chain (TVL) of over $70 million and a transaction volume of $3 billion. More than 25% of the DEX transaction volume on the Sui network comes from Momentum. Compared to traditional AMM decentralized platforms, it improves performance by more than 10x and maintains good scalability and stability in high concurrency environments.
OKX Ventures partner Benson said, "Momentum, as the leading DeFi application in the Sui ecosystem, enables traders, retail investors, and institutional users who pursue 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
