Many people have recently asked me where the next opportunity in Sui is.

If you are just starting with the Sui ecosystem now, I would tell you that the next opportunity in the Sui ecosystem is @MMTFinance, expected to be in July for TGE.

Currently, the Sui team's 'favorite projects' like Deepbook, SuiNS, and Walrus have all launched tokens. Each of them is a straightforward big project. Even the last one, Suiplay game console, has sold out. The last SEAL has clearly stated that they will not issue tokens for now, so there's no need to focus on it.

Most Sui ecosystem projects have basically completed TGE, and there are not many left to participate in. Based on my review, the most worthwhile project to participate in now is still Momentum. I wrote about this in early April; you can refer to my previous articles for the specific content and introduction -> https://x.com/lianyanshe/status/1907468998771450347

I have had in-depth communication with the Momentum team at Suibasecamp and even got some of their merchandise. The project has now been launched for over a month, so I want to add some more insights about the project. Also, the 10 Momentum merchandise giveaways that I promised my fans will be posted on Twitter, and you can participate in the lottery through this tweet: https://x.com/lianyanshe/status/1921897661969428573

I recommend participating with my invitation link (an additional 20% bonus)

-> https://app.mmt.finance/leaderboard?refer=J5GTGQ

You just need to trade and provide liquidity.

A few more points to supplement my understanding of Momentum

1. In terms of data

According to DeFiLlama data, Momentum has entered the top ten TVL projects on the Sui chain, reaching 55 million USD in TVL within a month. This should be the fastest-growing project in terms of TVL in the history of the Sui chain.

2. Team and funding background

Sui Foundation + Sui development entity Mysten Labs providing dual support

Investors include Coinbase Ventures, Sui Foundation, Jump Crypto, Circle, Varys Capital, etc. I previously overlooked that Varys Capital, like Jump, has a backing from the royal family of Qatar, and ChefWEN, the founder, was involved in the development of the blockchain project Diem, which is the predecessor of Sui and APT projects. This might also be the reason why both Sui and APT foundations invested.

3. ve(3,3) mechanism

(3,3) game theory was initially proposed by Olympus DAO, which is a cooperative model that maximizes benefits for all participants during collective staking or binding of tokens, achieving the (3,3) outcome. If participants sell tokens, it will lead to a (-3,-3) outcome, harming both individual and protocol value.


The veToken mechanism was pioneered by Curve Finance, shifting the focus of incentives from short-term speculators to users who genuinely participate long-term and contribute value, enhancing the sustainability of protocol governance and economic systems. However, the downside is that liquidity providers (LPs) are insufficiently bound to the interests of the protocol, and liquidity loss can lead to DEXs facing high slippage ➡ Deteriorating experience ➡ Low trading volume and declining fee income ➡ Exhaustion of incentives, creating a negative flywheel.

In ve(3,3), this combines with the veToken mechanism to encourage cooperative behavior, where all participants choose to engage long-term ➡ Maximize system value ➡ Maximize individual returns.

Core Mechanism of ve(3,3):

  • Incentivize users to lock tokens to gain voting rights and rewards, with a maximum lock-in period of 4 years.

  • Guide the resource allocation of the protocol through voting, such as allocating MMT issuance to the most productive liquidity pools.

  • The project party can 'bribe' to attract votes.

  • All transaction fees are distributed to voters.

How the ve(3,3) mechanism generates a flywheel effect

4. Possible effects of ve(3,3) on the Sui chain

Aerodrome on the Base chain has over 50% of the total DEX trading volume.

Shadow on the Sonic chain accounts for approximately 71.4% of the Sonic chain TVL.

Successful ve(3,3) mechanisms cannot do without the support of the foundation. Momentum's goal is to create a ve(3,3) mechanism Dex on the Sui chain. The entire flywheel effect capital is a very critical factor. As mentioned in the previous two points, TVL data and funding background are prerequisites for the ve(3,3) mechanism to operate. Even without the ve(3,3) mechanism in place, TVL has already reached the forefront of the Sui chain, and the growth rate is also the fastest, which should be closely related to the backers.


The ve(3,3) token economic model + top-tier investment institutions on Sui + stablecoin minting on Sui give this project advantages in acquiring TVL over others, and the results have already proven this.

Participating in the project means trading and providing liquidity. Based on my past experience with Sui projects, the most important things for a Dex in the early stages are TVL and trading volume, which should be used as the standard for future incentives/airdrops. There may be IDO quotas/airdrops for players who provide TVL and trading volume. As for the tasks related to the galaxy, their priority is relatively low. Instead of spending time on that, it’s better to create a few small accounts on Sui and recommend them yourself, as this might increase the probability of success since this is also one of the important indicators of momentum.

If you are a small participant and cannot provide that much TVL, try to participate early, form LPs to provide TVL, and remember not to withdraw liquidity after forming it. This is because there may be multiple liquidity snapshots and the project might have a time-weighted algorithm. The earlier you participate, the more rewards you will correspondingly receive later.

For those who want to participate, I recommend my link which offers an additional 20% bonus -> https://app.mmt.finance/leaderboard?refer=J5GTGQ

Using my link, you can be more justified when asking me questions.