Sui Ecosystem DEX Momentum Completes Strategic Round of Financing, OKX Ventures Leads Investment
According to Decrypt, Sui Ecosystem DEX Momentum announced that it has completed a strategic round of financing, with the entire project valued at $100 million. This round of financing was led by OKX Ventures, and also participated by Coinbase Ventures, Gate Ventures, MEXC Ventures, KuCoin Ventures and its strategic partners Protagonist and DNA Fund. The funds raised will be used to expand the business of Sui Ecosystem DeFi. Momentum adopts the innovative ve(3,3) model, achieving a trading volume of $3 billion within two months of its launch, a TVL of $69 million, and more than 42,000 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 $10 million in financing led by Varys Capital in March 2025.