Momentum DEX reaches new high of $1 billion in trading volume one month after launch, rising rapidly
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Momentum DEX reaches new high of $1 billion in trading volume one month after launch, rising rapidly
Decentralized exchanges on Sui Network have captured the market just one month after launch.
Navigating Web3 tides with focused insightsMomentum Finance, a decentralized exchange on the Sui network, has surpassed $1 billion in total swap volume just one month after launch, solidifying its position as one of the fastest-growing DEXs on the Sui blockchain. With over 200,000 unique users and millions of trading activities involving top tokens such as $DEEP, $SUI, $WAL, and $USDC, Momentum is rapidly establishing itself as the core liquidity engine within the Sui ecosystem.
"We're thrilled to see such rapid adoption," said ChefWEN, founder of Momentum. "Amid unpredictable market volatility, Momentum is cementing its role as a future leader in the Sui ecosystem. We will break records and reach greater heights."
Prior to launching its flagship DEX, Momentum had already established critical infrastructure through Momentum Safe—offering services like token custody, financial management, and liquidity provisioning across Move blockchains—with over $500 million in TVL, $1.8 billion in transaction volume, and more than 35,000 active wallets. This robust foundation and ecosystem trust enabled a seamless transition into decentralized trading with the launch of its ve(3,3) DEX in early April.
The protocol was developed over three years by co-founder ChefWEN, a founding engineer of Meta's Libra project, and is backed by investors including Coinbase, Circle, Amber, Selini, and the Sui Foundation.
Momentum has launched the Momentum Building Program, a long-term initiative allowing users to earn "bricks" through trading, referrals, and providing liquidity. Early adopters gain the opportunity for long-term equity in Momentum’s growth. Each earned brick contributes toward future ownership of MMT tokens, voting rights, and a share of 100% of protocol fees and weekly incentives distributed.
The program consists of two phases. During the LFG phase, early users receive 20% bonus bricks to maximize their rewards. In the subsequent WAGMI trading competition phase, reward pools and referral incentives will be introduced to expand the ecosystem. Momentum is currently collaborating with OKX Wallet to incentivize early adopters.
Momentum is also preparing to announce major ecosystem partnerships to extend its reach and integrate more protocols into its exchange. These collaborations will accelerate protocol-owned liquidity, introduce new token pools, and activate new user bases.
Momentum will take the stage as a sponsor at Sui Basecamp, a flagship event celebrating innovation and builders within the Sui ecosystem. As Momentum strives to become the premier DEX on Sui, it is actively expanding and strengthening its network of ecosystem partners.
Trade on Momentum DEX to earn rewards and enjoy low fees.
Join now: https://app.mmt.finance/trade
About Momentum
Momentum is the leading Move-based central liquidity engine, offering solutions such as multisig financial management, token custody, and liquidity provisioning. Momentum was co-founded by ChefWEN, a founding engineer of the Meta Libra project.
For more information, visit Momentum
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