Momentum (MMT): Decentralized Exchange and Liquidity Engine on Sui
Momentum is a decentralized exchange built on Sui that brings concentrated liquidity, and cross-chain trading to one platform. This Singapore-based platform has raised $14.5 million from Coinbase Ventures, Circle Ventures, and OKX Ventures. Momentum (MMT) is now available on Bitget!
What is Momentum (MMT)?
Momentum is a decentralized exchange on Sui that provides trading, liquidity provision, lending, borrowing, and liquid staking in one platform. The protocol officially describes itself as "The operating system powering the next era of global finance, where assets are tokenized, seamlessly connected and tradable in one place."
The platform solves DeFi's fragmented liquidity by enabling tokenized assets and diverse financial instruments to be traded and managed within a single ecosystem, removing barriers between different platforms and asset classes.
Core Innovation: Momentum uses concentrated liquidity market making (CLMM), ve(3,3) tokenomics for sustainable governance, and cross-chain bridges through Wormhole to make trading efficient and interoperable across Sui, Ethereum, Solana, and other networks.
Who Created Momentum (MMT)?
ChefWEN (Founder/CEO):
Former founder of MSafe, a leading multisig wallet on Sui Ex-Meta (Facebook) engineer with experience building products at scale Security specialist focused on blockchain infrastructure and decentralized architecture
Momentum Core Team:
Early contributors from Sui ecosystem with expertise in protocol engineering and product design Experience in Web3 project launches, tokenomics, and DeFi protocol governance Active in Move development education at major industry events and hackathons
What VCs Back Momentum (MMT)?
Momentum has raised $14.5 million total across multiple rounds, with a $100 million valuation at its latest public sale.
Funding Rounds:
Seed (April 2025): $5 million, led by Varys
Capital Strategic: $10 million total in pre-IDO rounds
Public Sale (October 22-28, 2025): $4.5 million
Major Venture Capital Backers:
● Coinbase Ventures
● Circle Ventures
● The Spartan Group
● OKX Ventures (Lead)
● Varys Capital (Lead)
● Amber Group J
● ump Crypto
● Monke Ventures
How Momentum (MMT) Works
Momentum operates as a DEX on Sui where users trade, provide liquidity, and earn rewards through several core technologies:
Concentrated Liquidity (CLMM)
Momentum uses Uniswap v3-style concentrated liquidity, letting liquidity providers focus capital in specific price ranges. This reduces slippage, increases fee revenue, and makes trading more efficient than traditional AMMs.
Liquidity Pools and Auto Vaults
Users deposit tokens into pools to enable trading, earning transaction fees and MMT rewards. Auto vaults optimize reinvestment automatically, compounding yield without manual work.
ve(3,3) Governance
Users lock MMT tokens to get veMMT, which grants voting rights on protocol upgrades, reward distribution, and fee parameters. Stakers earn platform fees and can direct emissions to specific pools.
Cross-Chain Infrastructure
Integrations with Wormhole and OKX Wallet enable asset movement between Sui, Ethereum, Solana, and other chains. Users can bridge assets and trade across networks from one platform.
Move Smart Contracts
Built natively on Sui, MMT uses Move programming language for parallel transaction processing, enhanced security, and fast execution speeds through Sui's programmable transaction blocks.
You can access the platform at app.mmt.finance/trade.
Momentum Token (MMT) and Economics
The MMT token is the native utility and governance token for Momentum on Sui.
Token Details
Token Name: Momentum
Token Symbol: MMT
Total Supply: 1,000,000,000 (1 billion)
Blockchain: Sui Network (Move smart contracts)
Token Distribution
● Community Growth: 42.7%
● Investors: 24.8%
● Team: 18%
● Ecosystem: 13%
● Public Sale: 1.5%
Vesting: Team and investor tokens vest over multiple years. Community and public sale tokens unlocked 100% at TGE.
Why Momentum?
Traditional DeFi faces fragmented liquidity and limited cross-chain access. Momentum addresses these with proven technology:
Experienced Leadership: Founded by ChefWEN, former MSafe founder and ex-Meta engineer, bringing security expertise and blockchain infrastructure experience.
Strong VC Backing: $14.5 million from Coinbase Ventures, Circle Ventures, OKX Ventures, The Spartan Group, Jump Crypto, and Amber Group.
Technical Innovation: First Sui DEX with concentrated liquidity (CLMM), ve(3,3) governance, and Move smart contracts for security and speed.
Strategic Partnerships: OKX Wallet and OKX Ventures for integration, Wormhole for cross-chain bridges, Buidlpad for token distribution, NODO for AI vaults, DeAgentAI for liquidity management, plus integrations with Aptos, Movement Network, and IOTA.
Sui Ecosystem Core: Deep collaboration with Sui Foundation and Mysten Labs positions Momentum as the primary liquidity engine for Sui blockchain.
Live Platform: Operational since March 31, 2025, with DEX, auto vaults, mobile app, TypeScript SDK, and APIs for developers.
Community Focus: 42.7% of tokens to community growth, with 1.5% public sale allocation and immediate TGE unlock for public participants.
Momentum (MMT) Goes Live on Bitget
We are thrilled to announce that Momentum (MMT) will be listed in the Innovation and DeFi Zone. Check out the details below:
Trading Available: 4 November 2025, 12:00 (UTC)
Trade MMT/USDT on Bitget!
Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.