Momentum receives strategic investment from a certain platform: Sui ecosystem's leading DEX reaches a TVL of 70 million USD in two months.

On June 6, according to official news, a trading platform Ventures announced the completion of a strategic investment in Momentum. With the accelerated entry of traditional institutions and the prospect of the gradual expansion of the RWA market, Momentum has become an important DeFi infrastructure in the ecosystem. Since its inception in 2022, Momentum has continued to refine its product mechanics to achieve near-instant transaction confirmations. In 2 months, 42,000 active wallets were obtained, the total value locked (TVL) on the chain exceeded 70 million US dollars, and the trading volume reached 3 billion US dollars, of which more than 25% of the DEX trading volume of the Sui network came from Momentum. Compared with traditional AMMs, the performance of decentralized platforms is improved by more than 10 x, and it can maintain good scalability and stability in high-concurrency environments. Benson, a partner at Ventures, a trading platform, said: “Momentum, as the head DeFi application of the Sui ecosystem, through the ve(3 and 3) mechanism, allows traders, retail investors and institutional users who pursue low slippage and high liquidity to obtain a better on-chain trading experience, which will promote DeFi on the Sui public chain.” The ecology will enter the next growth cycle and prosperity faster. "