A certain trading platform strategically invests in the Sui ecosystem DEX Momentum, with a two-month TVL exceeding 70 million USD.

robot
Abstract generation in progress

On June 6, according to official news, a trading platform Ventures announced the completion of a strategic investment in Momentum. With the accelerated entry of traditional institutions and the prospect of the gradual expansion of the RWA market, Momentum has become an important DeFi infrastructure in the ecosystem. Since its inception in 2022, Momentum has continued to refine its product mechanics to achieve near-instant transaction confirmations. In 2 months, 42,000 active wallets were obtained, the total value locked (TVL) on the chain exceeded 70 million US dollars, and the trading volume reached 3 billion US dollars, of which more than 25% of the DEX trading volume of the Sui network came from Momentum. Compared with traditional AMMs, the performance of decentralized platforms is improved by more than 10 x, and it can maintain good scalability and stability in high-concurrency environments.

Benson, a partner at the trading platform Ventures, stated: “Momentum, as the leading DeFi application in the Sui ecosystem, allows traders, retail investors, and institutional users seeking low slippage and high liquidity to enjoy a better on-chain trading experience through the ve(3,3) mechanism. This will promote a faster entry into the next growth cycle and prosperity of the Sui public chain DeFi ecosystem.”

SUI-4,59%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt