Catenaa, Saturday, June 14, 2025- Momentum, a decentralized exchange built on the Sui blockchain, has raised a strategic funding round at a $100 million valuation.
The round was led by OKX Ventures with participation from Coinbase Ventures, Gate Ventures, MEXC Ventures, KuCoin Ventures, Protagonist, and DNA Fund. The capital will support Momentum’s rapid growth within the Sui DeFi ecosystem.
Since launching in May 2022, Momentum has emerged as the fastest-growing DEX on Sui, achieving $3 billion in swap volume, $69 million in total value locked, and surpassing 420,000 users in under two months.
The platform’s innovative ve(3,3) decentralized exchange model incentivizes liquidity through vote-escrowed tokenomics, redistributing 100% of protocol revenue to stakers.
Momentum is co-founded by ChefWEN, an early engineer on Meta’s Libra project. The team prioritizes security through audited smart contracts, real-time monitoring, and 24/7 support, minimizing fund risk for users.
“Sui’s architecture enables near-instant transaction finality and scalable performance,” ChefWEN said, emphasizing Momentum’s goal to offer a centralized exchange-like experience fully on-chain.
Additional investors in the round include Coin Bureau, Monke Ventures, MultiChain Advisors, Crypto Lark, and others. This funding builds on earlier support from Circle Ventures, Coinbase Ventures, and Sui Foundation, positioning Momentum as a key player in Sui’s expanding DeFi ecosystem.
Momentum offers trading, vesting, and treasury management for retail and institutional users. It aims to provide deeper liquidity and better rates, reflecting the success of similar Move-native DEXs like Aerodrome on Base.
Users can trade on Momentum’s platform at mmt and follow updates on X, Telegram, and LinkedIn.
