PANews reported on June 5, according to Decrypt, that the Sui ecosystem DEX Momentum announced the completion of a strategic round of financing, with a valuation of $100 million. This round was led by OKX Ventures, with participation from Coinbase Ventures, Gate Ventures, MEXC Ventures, KuCoin Ventures, and strategic partners Protagonist and DNA Fund. The funds will be used to expand the Sui ecosystem DeFi business.
Momentum adopts an innovative ve(3,3) model, achieving a trading volume of $3 billion within two months of launch, with a TVL of $69 million and over 420,000 users. Its co-founder ChefWEN was involved in the development of the Meta Libra project, and the platform ensures security through smart contract audits and real-time monitoring. Previously, Momentum secured $10 million in funding led by Varys Capital in March 2025.
