Momentum | Next-Generation DEX on SUI Creates Massive Liquidity and Reward Strategies

The revolutionary DEX "Momentum (MMT)" is finally launching 본격적으로 on the Sui blockchain! With innovative technology that overturns conventional DEX wisdom and a user-centric incentive design, MMT will bring new "momentum" to Sui's DeFi ecosystem.

What you'll learn in this article:

• Why Momentum (MMT) is called a "next-generation DEX"
• Specific benefits for traders, LPs (Liquidity Providers), and project developers
• The mechanics of the 주목받는 "ve(3,3) model" and "CLMM" and their astounding effects
• The secret behind achieving over $700M in TVL and over $2B in trading volume shortly after launch
• Momentum's strategy and future prospects as a core component of the Sui ecosystem
• A complete guide to the "Momentum Building Program" for airdrop acquisition

We'll explain the entirety of Momentum, which is seriously trying to change the future of Sui, in a way that's easier to understand than anywhere else. By reading this article, you won't miss out on the movement Momentum is creating!

"Why Momentum now?" The answer lies in the fundamental problems faced by conventional DEXs.

Many DEXs have struggled with the issue of misaligned incentives between liquidity providers (LPs), traders, and the DEX system itself (protocol). LPs seek high returns, traders desire low fees, and protocols aim for sustainable growth, but balancing these has been a daunting task.

Momentum was born to solve this "incentive imbalance."

Built on the Sui blockchain, Momentum is a truly next-generation decentralized exchange (DEX) aiming for a "perfect incentive design" where all participants (LPs, traders, and the entire ecosystem) fairly benefit from the platform's growth.

At its heart is the innovative combination of the "ve(3,3) tokenomics model" and "Concentrated Liquidity Market Maker (CLMM)." This provides traders with extremely low-cost trades and minimal slippage, and LPs with significantly higher earning opportunities than before.

Momentum's ambitions extend beyond being just a DEX

• Accelerate the growth of the Sui blockchain, acting as a catalyst for DeFi innovation and widespread user adoption.
• Specifically, bring the burgeoning BTCFi (Bitcoin DeFi) wave to Sui, leading the ecosystem into an exponential growth phase.
• Build a transparent liquidity infrastructure as a "public good" for the entire Sui ecosystem, dramatically improving market-wide accessibility and liquidity.
• Also play a role as the primary issuance infrastructure for major stablecoins on the Sui blockchain, supporting the ecosystem's financial infrastructure.

With strong backing from the Sui Foundation and top-tier venture capitalists, Momentum is anticipated as a truly infrastructure-grade project closely tied to the success of the entire Sui ecosystem.

In short, Momentum is "Sui's all-in bet on a DEX for the future."

Momentum has delivered remarkable results right from its launch, sending shockwaves through the Sui ecosystem.

Key Features Offered by Momentum:

• ve(3,3) Decentralized Exchange (DEX): The core of the project. Sui's first adoption of the ve(3,3) model, realizing an incentive design beneficial to all participants.
• Token Launch Platform: Provides a venue for new projects to smoothly issue tokens and secure initial liquidity.
• Multi-Sig Treasury Management (Momentum Safe): A multi-signature solution for secure token custody and treasury management, offered even before the DEX launch. A testament to Momentum's technical capabilities and reliability.
• Token Vesting: Manages and executes token distribution for project teams and early investors according to plan.
• Liquidity Provisioning: A mechanism to efficiently supply the liquidity required by protocols.

Astonishing Achievements (as of May 2025):

• Total Swap Volume: An incredible over $2 billion! (May 13, 2025)
  • The astounding speed of reaching $1 billion in just one month after launch speaks volumes about market expectations.
• TVL (Total Value Locked): Recorded over $700 million in official documents.
  • The multi-sig liquidity layer already had $500 million in TVL at the time of the launch announcement (March 31, 2025).
  • Note: TVL can vary depending on the information source, aggregation timing, and scope. DeFiLlama reports approximately $64.36 million (as of 2025/5/28), but this might be the figure for the DEX alone and may differ from the scale of the entire solution Momentum offers. Always check for the latest information.
• Active Wallets: Over 35,000 at the launch announcement, and the number of unique users exceeded 200,000 when total trading volume reached $1 billion.
• Fundraising: Industry giants are investing in Momentum's potential!
  • $5 million in the seed round.
  • $10 million in a strategic funding round led by Varys Capital.
  • Total funding raised amounts to $15 million.
  • Investors include top-tier firms like Coinbase Ventures, Sui Foundation, Jump Crypto, and Circle.

Role as the "Heart" of the Sui Ecosystem:

Momentum is rapidly establishing its position as the core liquidity layer of the Sui blockchain.

Particularly noteworthy is the fact that Momentum is 100% responsible for the supply of major stablecoins such as Agora USD (AUSD), First Digital USD (FDUSD), and Ondo Finance (USDY) on the Sui blockchain.

What does this mean?

A stable DeFi ecosystem's growth requires a sufficient supply of reliable stablecoins. The fact that Momentum exclusively holds this crucial role is evidence of the immense trust and expectations placed upon it by the Sui Foundation and related projects.

This strategic positioning naturally makes it easier for Momentum to attract liquidity for these stablecoin pairs, directly leading to increased trading volume and fee revenue. When other DEXs handle these stablecoins, there's a high probability they will need to reference or collaborate with Momentum, the issuer, solidifying its dominance within the ecosystem.

This isn't just about superficial competitiveness like low trading fees or high LP rewards; it's an "infrastructural strength" and a source of sustainable growth.

Momentum's innovation and high performance are supported by a cutting-edge technological foundation. Particularly important are "CLMM" and the "ve(3,3) model." Understanding these will reveal why Momentum is so powerful.

3.1. Proprietary Technology ①: Concentrated Liquidity Market Maker (CLMM)

"Making your capital work most efficiently" – that's CLMM.

• How does it work? In traditional DEXs (AMM type), LPs provided their funds thinly spread across a very wide price range, from "zero to infinity." However, since actual trading is concentrated around the current market price, a large portion of the funds remained idle. CLMM is a model where LPs can concentrate their funds in a range they predict "will likely see trading." It's like a hunter efficiently targeting prey by narrowing down the focus.
• Benefits for LPs (Liquidity Providers):
  • Dramatic increase in capital efficiency!: Even with less capital, by concentrating it in actively traded price ranges, there's a chance to earn more trading fees.
  • Higher yields: Rewards are concentrated on liquidity that actually contributes to trades, allowing for efficient pursuit of returns.
  • Flexible strategies: Possible to provide liquidity to multiple price ranges with different conditions. More advanced operational strategies can be formulated.
• Benefits for Traders:
  • Significant reduction in slippage (price deviation)!: Because liquidity is thickly supplied around the market price, prices are less likely to slip, especially for large trades.
  • Substantial reduction in effective trading costs: Reduced slippage means trading at more favorable prices.
• Momentum's CLMM is even more advanced!
  • Incentives are concentrated in "actively traded price ranges" to secure long-term liquidity.
  • LP rewards include not only trading fees but also incentives from the protocol and grants from the ecosystem, diversifying earning opportunities.
  • Rewards are dynamically distributed based on "active liquidity" and "market demand." This eliminates wasted rewards on idle capital and maximizes capital efficiency.
  • Some reports mention single-token liquidity provision and APRs exceeding 200%, making it very attractive.

However, CLMM also has its caveats. LPs need to set and manage their price ranges themselves, and if the market price moves out of that range, they will not earn fees. Also, the risk of impermanent loss needs to be considered more carefully. Momentum's emphasis on rewarding "active liquidity" and adding protocol incentives is to encourage LPs to make wise price range settings and enhance the overall quality of liquidity. This can be seen as Momentum's clever strategy to offer benefits that more than compensate for the complexity of CLMM.

3.2. Proprietary Technology ②: Tiered Fee Structure

"Optimal fees tailored to the characteristics of the trading pair."

Momentum applies different fee rates depending on factors like the volatility (magnitude of price fluctuations) of the traded token pair.

• Stablecoin-to-stablecoin pairs (e.g., USDC/USDT): Price fluctuations are extremely small, so slippage is almost zero. Fees are also set very low (e.g., 0.01%).
• Highly volatile crypto asset pairs: Considering the price fluctuation risk, a balanced fee rate is applied that allows LPs to earn sufficient returns and is acceptable to traders.

This allows traders to always trade at optimal costs, and LPs to expect returns commensurate with their risk.

Note: Specific fee rates may change, so please check the official website for the latest information.

3.3. Proprietary Technology ③: ve(3,3) Tokenomics Model – The Ultimate Incentive Design

The heart of Momentum and its most innovative mechanism is this "ve(3,3) model." This is a veritable "magic cycle" that aims to perfectly align the incentives of liquidity providers, traders, and the protocol itself, creating a win-win situation for everyone.

• Two main tokens:
  • MMT: Momentum protocol's native utility and governance token.
  • veMMT: A governance token obtained by locking (staking) MMT for a certain period. The longer the lock period, the more veMMT (i.e., voting power) you receive.
• What is the "flywheel effect" created by ve(3,3)?
  1. Other Projects (Bribe Providers): If other projects on Sui want to "make trading of our token more active!", they offer their project's tokens or MMT as "bribes (incentives)" to veMMT holders. → This encourages veMMT holders to vote to "increase MMT emissions to our liquidity pool!"
  2. veMMT Holders (Voters): Vote for the pools of projects that offered bribes. In return, they receive 100% of the trading fees generated in that pool and the provided bribes.
  3. Liquidity Providers (LPs): Provide liquidity to pools that have been allocated more MMT emissions through the votes of veMMT holders. As a result, they earn 100% of the MMT token emissions as rewards, and can expect high APR (Annual Percentage Rate).
  4. Traders: Liquidity becomes concentrated and deepens in specific pools due to voting, allowing them to trade efficiently with lower trading fees and low slippage.

As this cycle continues to spin...

• Momentum (Protocol): Gains stable liquidity and grows.
• veMMT Holders: Increase earnings through fees and bribes.
• LPs: Increase earnings through high MMT emission rewards.
• Traders: Enjoy a comfortable trading environment.

In Momentum's design, 100% of emissions, trading fees, and rewards are directly returned to users (participants), sustainably revitalizing the entire ecosystem.

What is the key to the success of the ve(3,3) model? For this model to function well, the value of the MMT token itself and whether other projects actively participate in Momentum's system (i.e., offer bribes) are crucial. In that regard, Momentum's:

• Established position as core infrastructure of the Sui ecosystem (such as the stablecoin issuance base)
• Strong backing from top-tier VCs
• Operation by an experienced team are significant strengths. These enhance the attractiveness and reliability of the Momentum platform, providing strong motivation for other protocols to participate.

The ve(3,3) model is inseparable from Momentum's strategic position within the Sui ecosystem, making it an intrinsic strength, not just a gimmick.

3.4. Other Technical Features

• Modular Architecture: Anyone can freely create liquidity pools, and automated market-making strategies and integration with external tools are easy. Caters to a wide range from individuals to institutional investors.
• Composability: Enables seamless integration with other protocols, stablecoins, and BTCFi-related services within the Move ecosystem. Enhances scalability within the Sui DeFi ecosystem.

Through the combination of these technological foundations, Momentum maximizes the potential of the Sui blockchain and provides users with the best DeFi experience.

In the competitive DEX market, especially within the rapidly growing Sui ecosystem, the reasons why Momentum can stand out are clear.

1. Sui's First "ve(3,3) Model" Adoption – Pioneer of the Incentive Revolution This is its greatest weapon. This model, which aligns the interests of all ecosystem participants and promotes sustainable liquidity and community-driven growth, is an overwhelming advantage not found in other DEXs.

2. Super Strong Lineup! Founder from Meta (formerly Facebook) and Support from Top-Tier VCs

   • Co-founder ChefWEN (@ChefMMT_X) is one of the former founding engineers of Meta's blockchain project Libra (later Diem). Deeply familiar with the characteristics of the Move language adopted by Sui, his profound knowledge and technical skills provide an immeasurable competitive advantage in designing a DEX that maximizes Sui's potential.
   • Successfully raised over $15 million in funding from renowned VCs and foundations such as Coinbase Ventures, Sui Foundation, Jump Crypto, Circle, and Varys Capital. This is proof of how much the market expects from Momentum's future.

3. Strategic Position as the "Heart" of the Sui Ecosystem As mentioned earlier, it has established its role as Sui ecosystem's foundational infrastructure beyond just a DEX, such as exclusively handling the issuance of major stablecoins on Sui. This signifies immense influence and importance within the ecosystem. Furthermore, the fact that it has received investment not only from the Sui Foundation but also from the Aptos Foundation is very interesting, suggesting high expectations from both ecosystems that share the Move language, or perhaps the possibility of future inter-ecosystem collaboration.

Sui Ecosystem DEX Comparison Amidst Fierce Rivals – Momentum's Distinctive Personality

Source: DeFiLlama (TVL, Trading Volume), respective project information. Figures are subject to constant change.

As is clear from this table, Momentum clearly differentiates itself with the powerful engine of the "ve(3,3) model," which others lack, and its strategic role as the foundation of the Sui ecosystem. While TVL and trading volume change with daily market conditions, Momentum's structural strength will be a source of long-term competitiveness.

Momentum has a grand vision that brightly illuminates the future of the Sui ecosystem.

Short-Term Milestones (2025):

The project is steadily progressing with the full-scale operation of the DEX and community building.

1. LFG Ramp-Up Liquidity Phase (Started March 31, 2025): Initial liquidity acquisition phase. Key LPs from Momentum's investor network and integrated protocols are supporting the target TVL of $50 million.
2. WAGMI Trading Competition (Held for 12 weeks following the LFG phase): A large-scale trading competition. Users will earn points based on trading volume and liquidity provision amount, and veMMT (vote-escrowed MMT tokens) are scheduled to be awarded as rewards to initial participants based on these points. This will take place prior to the Token Generation Event (TGE).
3. Token Generation Event (TGE) (After the WAGMI competition ends): The MMT token will finally be issued! This is expected to explosively accelerate further participation and contribution to the ecosystem. It is also suggested that performance in the WAGMI competition may influence token allocation at the TGE.

Long-Term Vision – Drawing the Future with Sui:

• Becoming a "Public Good" for the Sui Ecosystem: Aims to be an indispensable entity that benefits the entire Sui ecosystem, not just specific individuals (like utilities such as water or electricity in DeFi).
• Driving DeFi Adoption and Liquidity Expansion: Momentum will lead the "next wave" of DeFi popularization and liquidity expansion on Sui.
• At the Forefront of BTCFi (Bitcoin DeFi) Integration: Will maximize the enormous growth potential that Bitcoin-related DeFi brings to Sui, boosting the ecosystem's exponential growth.
• Building a Transparent and Open Liquidity Mechanism: Will strengthen the foundation for making the market more accessible and liquid.
• Evolving as a Move Central Liquidity Engine: In addition to DEX functions, will continue to strengthen its role as a comprehensive liquidity engine, including multi-sig treasury management, token vesting, and liquidity provision solutions.

Notes on Tokenomics and Roadmap – Transparency and Future Expectations

As of now (end of May 2025), official information regarding the total supply of MMT tokens, detailed allocation ratios (team, investors, community, airdrop, etc.), and specific emission schedules is still limited. Much of the detailed roadmap after the TGE will also be announced in the future.

This is likely because the project has only recently moved from stealth mode to full-scale operation, and the TGE is still some time away. This "information gap" can be considered an element of uncertainty in investment decisions, but from another perspective, it can be interpreted as the project being right in the "midst of growth," and early participant incentives like the "Momentum Building Program" (described later) offering an excellent chance to build an advantageous position for future token distribution.

We recommend that readers always check the project's official website and official announcements for the latest information. This article will honestly convey the "current information status" while suggesting how it connects to early participation opportunities.

Momentum, with its innovation and importance in the Sui ecosystem, offers significant opportunities for all users. In particular, the ongoing "Momentum Building Program" is a must-watch as the most direct route to a substantial airdrop acquisition!

Benefits by User Type: Momentum for You

• For Investors:
  • The top-tier team, including former Meta employees, and backing from powerhouse VCs like Coinbase Ventures and Sui Foundation are strong signals of the project's credibility and future potential. Combined with the growth potential of the Sui ecosystem, the appeal of early entry is immeasurable.
  • By holding veMMT and participating in governance, you can directly benefit from profit sharing through protocol fees and "bribes" from other projects.
  • High expectations for the future value appreciation of the MMT token itself.
• For Liquidity Providers (LPs):
  • The synergistic effect of the CLMM × ve(3,3) model enables liquidity provision with efficiency incomparable to traditional AMMs. High APR (Annual Percentage Rate) from MMT token emissions can also be expected.
  • Rewards come not only from trading fees but also from protocol incentives and ecosystem grants! The diversity of earning opportunities is a major attraction.
• For Traders:
  • Deep liquidity from CLMM and the tiered fee structure enable efficient trading with minimized slippage and low costs.
  • Access to a diverse range of promising tokens within the rapidly growing Sui ecosystem will be significantly improved.
• For Developers & Other Protocols:
  • Utilizing Momentum's ve(3,3) system allows for the efficient launch of token liquidity for one's own project. By providing incentives to veMMT holders, one can encourage MMT emissions to their own pool and attract LPs.
  • The modular architecture and high composability ensure smooth integration with other protocols.

This is the real deal! The "Momentum Building Program," an incentive program to reward early contributors, is an excellent chance to acquire MMT tokens.

• Program Overview: Officially started on April 28, 2025. A long-term incentive program where users earn points called "Bricks" through activities such as trading, liquidity provision, and referring friends.
• How to Earn "Bricks" Points – Actions You Can Take Now!

  1. Swapping: Actively exchange tokens on Momentum DEX (app.mmt.finance)! Not only trading volume but also the number of trades might be important. Consistent use, even with small amounts, is beneficial.

  2. Providing Liquidity: Provide assets to liquidity pools on Momentum DEX. Get "Bricks" in addition to regular LP rewards!

  3. Referring: Share your referral link, which can be generated on the platform, with friends or on social media! When new users start using Momentum via your link, you will be awarded "Bricks."

  4. Galxe Campaign Tasks: Momentum is also running campaigns on the external platform "Galxe." Complete designated tasks to earn "Bricks" and additional points!

     Task Examples (Points may vary):

     • SNS Quests (Twitter follow, retweet, etc.): e.g., 1000 points
     • Simple Platform Interaction Quests: e.g., 250 points
     • Earning Roles in the Discord Community: e.g., 1400 points
     • Daily/Weekly/Monthly Check-ins: e.g., 10-100 points

• What do "Bricks" become? – Conversion to MMT Tokens and Expected Rewards It has been explicitly stated that "Bricks" collected in this program will be converted into MMT tokens, i.e., "valuable productive assets," at the end of the program! These MMT tokens are said to carry voting rights in protocol governance and also generate yield in the form of distribution of fees and incentives generated by the protocol.
• Pay Attention to Participation Phases! The program is divided into multiple phases, and earlier phases may have more favorable conditions (e.g., a 20% "Bricks" boost bonus during the LFG phase). Larger reward pools and referral incentives are expected during the WAGMI trading competition phase. The sooner you start, the more advantageous it is likely to be!
• Step-by-Step Participation Method:
  1. Go to the Momentum Finance platform (https://app.mmt.finance/)!
  2. Connect a Sui network-compatible wallet (Sui Wallet, Slush Wallet, Phantom Wallet, Backpack Wallet, etc.).
  3. Practice swap trading and liquidity provision on the platform.
  4. Copy your referral link from the leaderboard page or elsewhere and spread the word!
  5. Complete tasks on Momentum's Galxe campaign page.
  6. Join Momentum's official Discord community, check for the latest information, and actively contribute! Earning special roles can also lead to airdrops.

The Essence of the "Bricks" Program – You Become a Future Protocol Owner!

Momentum's "Bricks" program is more than just point collecting. It is a crucial step towards acquiring future protocol ownership and the right to participate in revenue sharing.

The concept that "Bricks" earned through users' multifaceted contributions are converted into MMT tokens, which in turn lead to "voting rights" and "yield," is precisely the role of veMMT holders in the ve(3,3) model.

In other words, the "Bricks" program is a highly ingenious and attractive mechanism designed to show users a path to becoming beneficiaries of the ve(3,3) model even before the TGE (Token Generation Event), and to allow those who contributed to the protocol's initial growth to be deeply involved in subsequent governance and revenue sharing.

This sets it apart from many airdrops that end with a one-time token distribution, clearly intending to foster long-term user engagement and commitment to the protocol.

Join Momentum now, collect "Bricks," and become a part of building the future of Sui!

In this article, we have thoroughly explained the entirety of "Momentum (MMT)," the next-generation DEX revolutionizing the Sui blockchain.

Momentum is not just a new DEX.

• Through the fusion of the innovative "ve(3,3) model" and "CLMM," it is truly Sui's liquidity engine, bringing unparalleled trading efficiency to traders, maximized earning opportunities to LPs, and sustainable growth to the entire ecosystem.
• The overwhelming achievements of over $700M in TVL and over $2B in trading volume right after launch, along with the experienced team including former Meta employees and strong backing from top-tier VCs, eloquently speak to its high potential.
• It is establishing a strategic position as the "core" of Sui's financial infrastructure, such as single-handedly managing the issuance base for major stablecoins on Sui, and its influence will only continue to grow.

What does Momentum mean for you?

• For traders, a smoother and more cost-effective trading experience than ever before.
• For LPs, an excellent opportunity to efficiently deploy capital and pursue high returns.
• For investors who believe in the future potential of the Sui ecosystem, involvement in a project that holds the potential to most directly benefit from its growth.
• And above all, for early participants, the "Bricks" obtainable through the "Momentum Building Program" represent an unparalleled chance leading to future MMT tokens, i.e., protocol governance rights and revenue sharing, spread out before you.

The Sui blockchain is experiencing rapid growth as a new frontier for DeFi. Momentum, which has begun to shine at its center, plays a crucial role, enough to influence the future of this ecosystem. When the BTCFi wave arrives, its momentum will accelerate further.

Will you merely stand by as an observer of this historic wave of transformation? Or will you dive in yourself and become one of those who create its swell?

What Momentum offers is more than just financial services; it is the power to design the very future of Sui.

Now is the time to act.

1. Visit Momentum's platform (app.mmt.finance) and experience it firsthand.
2. Follow their official Discord, Telegram, and Twitter to always catch the latest information.
3. And most importantly, actively participate in the "Momentum Building Program," earn "Bricks," and get your ticket to the future of Sui.

The journey to pioneer a new era for the Sui ecosystem with Momentum (MMT) begins now. Seize this chance and let's draw the future DeFi landscape together!