Recent observations indicate that the MMT coin within the Sui ecosystem is backed by Momentum Finance's centralized liquidity DEX. Interestingly, it is completely different from those meme coins that rely solely on hype—these focus on practical application scenarios.

Their automatic vault is quite clever; users providing liquidity do not need to monitor the market and adjust positions themselves. The system automatically helps optimize the yield range. Launched only in July last year, the total trading volume has already surpassed 9.5 billion dollars, making it one of the faster-growing projects in Sui's DeFi.

However, on the other hand, the technical threshold for centralized liquidity is quite high. Whether it can continuously attract retail investors to provide liquidity depends on the subsequent operation and incentive mechanisms being sufficiently strong.