OKX Ventures announces investment in Sui ecosystem’s leading DEX Momentum

Odaily Planet Daily News According to official news, OKX Ventures 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 near-instant transaction confirmation. In 2 months, it has obtained 42,000 active wallets, the total value locked (TVL) on the chain exceeded $70 million, and the transaction volume reached $3 billion, of which more than 25% of the DEX transaction volume of the Sui network comes from Momentum. Compared with the traditional AMM decentralized platform, the performance is improved by more than 10x, and it can maintain good scalability and stability in a high-concurrency environment. Benson, partner of OKX Ventures, said: "As the leading DeFi application of the Sui ecosystem, Momentum uses the ve (3,3) mechanism to allow traders, retail investors, and institutional users who pursue low slippage and high liquidity to obtain a better on-chain trading experience, which will drive the Sui public chain DeFi ecosystem to enter the next growth cycle and prosperity faster." (Chainwire)