1. The first question: Is there still an opportunity for the Sui ecosystem?

The largest DEX in the Sui ecosystem, Cetus, experienced a theft incident, but this security event is not an issue with the Sui public chain itself, but rather a vulnerability in Cetus's smart contract (calculation precision issue).

On the other hand, the Sui Foundation responded quickly, collaborating with validators to freeze the funds on the hacker's address through a 'transaction ignore' mechanism and plans to further recover cross-chain transferred assets, which prevented any substantial loss of funds.

However, recently the TVL of the Sui ecosystem has rebounded, indicating that some funds from Cetus have flowed to other protocols.

People will vote with their feet, and overall, we can see the market's attitude towards the Cetus theft incident: this is a singular project security event, and funds still have confidence in the Sui ecosystem.

From another perspective, there is actually a gap in the DEX track within the Sui ecosystem, and other competitors are naturally very hopeful to seize opportunities in the crisis and take over the liquidity of the Sui ecosystem.

Behind every crisis is an opportunity; chaos is a stepping stone to rise.

2. Who will become the first DEX of the Sui ecosystem?

Currently, the DEX with the strongest upward momentum in the Sui ecosystem is Momentum.

Momentum's TVL has reached $60 million and has rapidly grown after the Cetus incident, indicating that it has attracted some of the funds that flowed out from Cetus.

Currently, the focus of everyone on the Sui ecosystem DEX is actually on security.

Momentum has performed exceptionally well in terms of security:

(1) Five-layer security architecture: Momentum adopts a five-layer security mechanism including multi-signature, smart contract testing, real-time monitoring, formal verification, and external audits, significantly reducing the risk of hacking.

(2) Rapid response capability: After the Cetus incident, Momentum quickly suspended withdrawals and conducted a self-inspection of the code to ensure fund security, earning recognition from the community for its real-time crisis handling ability.

(3) Transparency: Momentum publicly shares its code audit reports and collaborates with the Sui Foundation for security upgrades, enhancing user trust.

In addition to its own security mechanisms, Momentum has also received strong endorsements: Investors include the Sui Foundation, Coinbase, and other institutions, with a funding amount of $10 million, further enhancing its competitiveness in the ecosystem.

This is why, after the Cetus theft incident, Momentum was the first DEX to resume operations and attracted a large amount of liquidity.

3. To summarize

Momentum's technical foundation and support from the Sui Foundation make it very likely to dominate in the short to medium term.

So what opportunities do ordinary users have in this crisis?

To seize market share, Momentum has launched the latest incentives:

- SUI-USDC: 196% annualized return

- USDC-suiUSDT: 20% annualized return

- All liquidity pools have 3x points incentives.

It can be said that the Momentum platform currently offers the highest incentives in the Sui ecosystem, making it very worthwhile for DeFi mining users to take advantage of the post-crisis dividends.

Wherever there is capital, there are opportunities. We can keep an eye on the Sui ecosystem.