PANews reported on June 5 that according to Decrypt, Sui Ecosystem DEX Momentum announced the completion of a strategic round of financing with a valuation of US$100 million. This round was led by OKX Ventures, with participation from Coinbase Ventures, Gate Ventures, MEXC Ventures, KuCoin Ventures, and strategic partners Protagonist and DNA Fund. The funds will be used to expand Sui Ecosystem DeFi business. Momentum uses an innovative ve(3,3) model, achieving US$3 billion in trading volume within two months of its launch, with a TVL of US$69 million and more than 420,000 users. Its co-founder ChefWEN has participated in the development of the Meta Libra project, and the platform ensures security through smart contract audits and real-time monitoring. Previously, Momentum received US$10 million in financing led by Varys Capital in March 2025.