I: How much funding has the project secured?
The Momentum project has successfully completed multiple rounds of financing, raising a total of $10 million.
This includes $5 million in Pre-Seed funding on January 5, 2023, as well as strategic/seed round financing of another $5 million on March 31, 2025, and May 5, 2025.
The project's valuation has reached $100 million.

II: Sources of financing information
Momentum has confirmed its investors on its official Twitter (X), including: Sui Network, Coinbase, Circle, Jump, OKX Ventures.
Darius Askaripour, managing partner of Varys Capital, also publicly commented: "The Sui ecosystem is at a turning point, and we believe Momentum is a key player in driving its development."

Three: Analysis of Investor Background
Momentum's investor lineup is strong, including Varys Capital (which previously led the strategic round) and OKX Ventures (which also led the strategic round).
Others will not be listed.
Many top venture capital institutions or ecosystem funds in the crypto industry, which are reputable and publicly verifiable (such as Coinbase Ventures, Circle, Jump Crypto, OKX Ventures, Sui Foundation, Aptos Foundation, Mysten Labs).
Mysten Labs, as the core development entity of Sui, along with direct support from Sui Foundation, further enhances the project's credibility.
Varys Capital's fund has also received support from the Qatari royal family's office MBS Global and Canada's most prominent digital integration provider Aquanow Ventures.
Therefore, the financing risk of Momentum is relatively low.

Four: Founder Background
The CEO and co-founder of Momentum is ChefWEN (@ChefMMT_X).
ChefWEN was one of the founding engineers of Meta's (formerly Facebook) Libra project (later renamed Diem).

Five: Founding Team Background
Vinson Leow
Vinson Leow is the Chief Experience Officer (CXO) of Momentum Finance.
Background and Experience:
Current Position: CXO of Momentum.
Previous Experience: He was a co-founder of Datai Network and served as the Head of Growth at Partisia.
Educational Background: Graduated from the University of New South Wales, Sydney.
Vinson Leow
As the Chief Strategy Officer of Momentum @MMTFinance, Vinson Leow @chiefmovedegen has been committed to shaping the platform's strategic growth in the Asian Web3 ecosystem.
Before joining Momentum, Vinson led the development of Partisia Blockchain, successfully raising over $40 million, building a global team, and establishing significant partnerships. As an experienced Web3 strategist and entrepreneur, he has raised over $150 million across multiple ventures, including his own consumer electronics brand Chargeasap, which raised over $15 million through crowdfunding.

Six: Project Location and Team Composition
A press release indicates that Momentum's launch site is in the San Francisco Bay Area, suggesting that the project may have a major operational point in the United States.

Seven: Pain Points Addressed by the Project
Inconsistent incentives in traditional DEX models: Traditional DEX models have failed to well align the interests of liquidity providers, traders, and protocols. Momentum introduces the ve(3,3) token economic model, ensuring that all emissions, trading fees, and rewards flow 100% directly to Momentum users, achieving perfect alignment of interests and creating a 'flywheel effect'.
Inefficient capital: In traditional Automated Market Maker (AMM) models, liquidity is dispersed across the price curve, leading to low capital utilization. Momentum adopts a Concentrated Liquidity Market Maker (CLMM) model, allowing liquidity providers to concentrate their capital within specific price ranges, significantly improving capital efficiency, reducing slippage, and increasing market depth.
High transaction costs and user experience: Momentum is committed to providing traders with lower transaction fees and reduced slippage to optimize the trading experience.
Liquidity infrastructure of the Sui ecosystem: Momentum aims to be the core liquidity engine of the Sui ecosystem, providing solutions such as multi-signature fund management, token allocation, and liquidity provision. Notably, Momentum is responsible for 100% of the supply minting of certain stablecoins on the Sui blockchain (such as Agora USD, First Digital USD, Ondo Finance USDY), indicating its key position in Sui infrastructure.

Eight: Competitive Analysis in the Same Track
Momentum's main competitors in the Sui ecosystem include Cetus AMM and Turbos.
Other similar projects include Bluefin Spot, Magma, Aftermath AMM, DeepBook V3, Balanced Exchange, STEAMM, FlowX V3, BlueMove DEX.
Do competitors issue tokens and valuation/market cap:
Cetus AMM's TVL (Total Value Locked) is approximately $86.53 million, and Turbos' TVL is around $15.24 million. These competitors typically issue tokens, and their TVL can serve as an indicator of their scale and market share in the track.
Previously ranked fifth and sixth on Sui, MMT is now ranked third in Sui chain TVL.
Valuation prediction analysis from different angles
1. Market Cap/TVL ratio perspective
Cetus benchmark analysis:

* Cetus TVL: $88.37 million
* Cetus Market Cap: $64 million
* Market Cap/TVL ratio: 0.72

Momentum prediction (based on Cetus ratio):

* Momentum TVL: $174.26 million
* Estimated market cap based on 0.72 ratio: $125-130 million

2. Ecosystem position perspective
Leading position comparison:
Monthly trading volume of Sui ecosystem DEX grew from $1.9 billion to $7.8 billion, and Momentum has become the DEX with the largest TVL.
Reference to Aerodrome model:
Momentum adopts the ve(3,3) token economic model, aiming to be the core liquidity engine of the Sui ecosystem. Aerodrome occupies 73% market share on the Base chain, with a market cap of $1.03 billion.
Prediction based on ecosystem position:
Considering Momentum's dominant position in the Sui ecosystem (TVL first), referencing Aerodrome's success in the Base ecosystem:

* Conservative estimate: $200-300 million (considering the relatively small scale of the Sui ecosystem)
* Optimistic estimate: $500-800 million (if the Aerodrome model is successfully replicated)

Nine: What ways are there currently to interact with this project
① Kaito mouth pull
② Trading and liquidity
Now it's best to work with @buidlpad
The tutorial is as follows:
1. Go to the buidlpad official website, select HODL - Momentum, or directly click the link to enter https://buidlpad.com/hodl/momentum
Check the instructions on the left side and then add liquidity as required.

2. Go to the Momentum Finance official website
https://app.mmt.finance/leaderboard?refer=S53JPI…
Select the corresponding pool to add liquidity. If you are concerned about the potential risks from the $SUI price drop, you can choose $suiUSDT-$USDC, which has an approximately 15% APR yield.

Note: Remember to put a few $SUI for GAS, $suiUSDT is USDT on the SUI chain, which can be exchanged for USDC.

3. After successfully adding liquidity, return to the buidlpad interface to view it in My Position. If you can't see it, bind your wallet address.

Summary: After binding Buidlpad, mm

Mining will earn double bricks points, which are directly linked to future airdrops!