#CEXvsDEX101 ๐ Sui-based DEX "Momentum" Raises $100M in Strategic Funding! ๐ฐ๐ฅ
The decentralized exchange Momentum, built on the Sui blockchain, has just secured a massive $100 million in strategic funding โ marking a major milestone for the DeFi space! ๐งฌ๐
๐ฏ Led by: OKX Ventures
๐ค With participation from:
Coinbase Ventures
Protagonist
DNA Fund
Gate Ventures
MEXC Ventures
KuCoin Ventures
Since its launch in March 2025, Momentum has been on a tear:
๐ $3B+ in swap volume
๐ $69M in total value locked (TVL)
๐ฅ 420,000+ users onboarded
๐ก Powered by the innovative ve(3,3) tokenomics model, users can lock their $MMT tokens to gain voting power and earn a share of the platformโs revenue โ aligning incentives between the community and the protocol. ๐ณ๏ธ๐ธ
๐ง Behind the project is ChefWEN, a former Meta (Libra) engineer and the architect of MSafe, bringing strong tech experience to the platformโs evolution.
๐ผ The fresh funding will help Momentum:
๐ง Expand operations
๐ Deepen liquidity
๐ Launch new products for both retail and institutional users
Momentum is quickly becoming a DeFi force to watch on Sui! ๐โจ