Momentum Finance partners with Wormhole and OKX Wallet to bring cross-chain liquidity to the Sui ecosystem

On June 19, 2025, Momentum DEX, a rapidly rising DeFi protocol on the Sui blockchain, announced a strategic partnership with Wormhole and OKX Wallet.

This collaboration is part of a cross-chain initiative aimed at bringing billions of dollars in liquidity to the Sui ecosystem by 2025.

The announcement coincides with the launch of a 12-week "WAGMI Trading Competition," culminating in a major token airdrop event.

Wormhole's NTT Framework Comes to Sui

With Wormhole’s Native Token Transfer (NTT) framework now live on Sui, Momentum will become the first decentralized exchange (DEX) to support NTT-powered assets. Wormhole, a leading interoperability platform connecting traditional finance and internet economies, has facilitated over $60 billion in cross-chain transactions to date. Momentum’s role builds upon Sui’s existing integration with Wormhole, which was incorporated into the Sui Canonical Bridge UI by the end of 2024.

Dan Reecer, Co-Founder of the Wormhole Foundation, said: "By bringing our native token transfer framework to Sui, we’re enabling seamless cross-chain liquidity flows that will strengthen Momentum’s market position, allowing it to support new native assets and attract fresh liquidity. Cross-chain functionality is becoming increasingly critical in DeFi, and we're excited to see one of Sui’s largest DEXs leverage our technology to scale."

First Cross-Chain Assets

In parallel, Momentum has established exclusive partnerships with several top-market-cap tokens, starting with GateToken (GT) and MEXC Token (MX), as well as Bonk (BONK), a long-standing Wormhole partner. These projects will be among the first to use Wormhole’s NTT framework to bridge their assets from EVM chains and Solana onto Sui. These tokens are expected to bring significant liquidity to the Sui ecosystem. Prior to the official bridge launch anticipated in September, trading pairs will be made available on Momentum to provide early liquidity and help boost TVL growth.

ChefWen, Co-Founder of Momentum, stated: "This marks a key milestone in our mission to serve as a public good for the Sui ecosystem and accelerate its growth — and this is just the beginning. We have a series of Momentum-led strategic partnerships coming soon, each designed to expand Sui’s reach. Our goal is to bring substantial DeFi TVL by working closely with protocol partners across other chains, and we’re thrilled to lead this initiative."

Collaboration with OKX Cryptopedia Platform

Momentum’s cross-chain ambitions will be further amplified through the OKX Cryptopedia platform, a “Learn-to-Earn” program accessible via the OKX Wallet interface. With a prize pool exceeding $1 million, Cryptopedia will soon spotlight Momentum and other key Sui ecosystem partners, including xSUI, a new liquid staking token launched by the Momentum team, and xBTC, OKX’s wrapped Bitcoin token.

Jason Lau, Chief Innovation Officer at OKX, said: "Our collaboration with Momentum connects OKX Wallet users with one of Sui’s leading DEXs through Cryptopedia, our learn-to-earn platform featuring interactive tasks and potential rewards. By featuring Momentum alongside other Sui ecosystem partners, we make it easier for users to discover high-quality projects while learning how to interact with them directly."

Momentum’s Growth and the WAGMI Trading Competition

Momentum launched its testnet on March 31 and has since achieved significant growth in both total value locked (TVL) and on-chain trading volume on Sui. Just 10 weeks after its testnet launch, Momentum reached an all-time high TVL of $95 million. The protocol has facilitated over $4 billion in trading volume and attracted more than 450,000 unique users.

The WAGMI Trading Competition runs from June 16 to September 8, during which users can earn non-transferable "Bricks" by trading and providing liquidity on Momentum. These Bricks will be converted into airdrop tokens at the time of Token Generation Event (TGE). This event marks the final phase of Momentum’s TGE roadmap, including a public sale on Momentum’s Token Generation Lab — Sui’s flagship launchpad backed by blue-chip investors such as OKX Ventures (lead investor), Coinbase Ventures, KuCoin Ventures, Gate Ventures, and MEXC Ventures.

About Momentum

Momentum’s long-term vision is to become the central liquidity engine for the Sui chain — a role that goes beyond traditional AMM infrastructure. Unlike standard v3 models that limit incentive-based liquidity competition, Momentum’s architecture supports dynamic gauge voting and emission controls, enabling deeper protocol engagement and competition. Building on the ve(3,3) model pioneered by Curve, Momentum is creating Sui’s core liquidity hub, aiming to drive economic growth, cross-chain expansion, and long-term alignment among all stakeholders by delivering higher real yields and APYs for both liquidity providers and protocols.

About Wormhole

Wormhole is a leading interoperability platform providing large-scale support for multi-chain applications and bridges. Wormhole offers seamless connectivity across more than 40 leading blockchain networks for developers, institutions, and users. The broader Wormhole network is trusted and used by organizations including BlackRock, Apollo Global, VanEck, Google Cloud, Circle, and Uniswap. To date, the platform has enabled over $60 billion in cross-chain transaction volume — the highest of any protocol worldwide. Learn more at wormhole.com.