Alisa Davidson
Revealed: June 06, 2025 at 4:18 am Up to date: June 06, 2025 at 4:18 am
Edited and fact-checked:
June 06, 2025 at 4:18 am
In Transient
OKX Ventures has made a strategic funding in Momentum, supporting its revolutionary strategy to scalable, sport concept–based mostly DeFi infrastructure and ecosystem progress.
Funding division of the cryptocurrency change and international on-chain know-how firm OKX, OKX Ventures introduced a strategic funding in Momentum, a decentralized change constructed on the Sui Community.
Momentum has emerged as a key infrastructure part throughout the evolving decentralized finance (DeFi) ecosystem on Sui, pushed by its emphasis on deep liquidity and optimized buying and selling efficiency.
The broader DeFi sector has undergone a sequence of transitions, transferring from conventional order guide techniques to automated market makers, and extra not too long ago to ve(3,3) tokenomics frameworks. These newer fashions are designed to raised align the pursuits of customers and protocols. Momentum applies this construction to deal with persistent challenges in decentralized buying and selling corresponding to capital inefficiency, impermanent loss, and misaligned reward techniques.
The ve(3,3) mechanism on the basis of Momentum incorporates rules from sport concept to assist a extra sustainable and incentive-compatible ecosystem. This strategy is meant to draw a various vary of members—together with liquidity suppliers, merchants, and builders—by providing scalability and a reward mannequin based mostly on consumer engagement and contribution.
In its preliminary two months, the platform has reported over $3 billion in swap quantity, greater than $72 million in complete worth locked (TVL), and has registered upwards of 420,000 customers. Momentum now accounts for over one-quarter of all DEX exercise on the Sui community and studies buying and selling efficiency as much as ten occasions extra environment friendly than normal AMM fashions.
“Sui’s structure units a brand new normal for DeFi infrastructure — enabling near-instant transaction finality and scalable efficiency underneath heavy load,” stated ChefWEN, Co-founder of Momentum, in a written assertion. “It takes a robust chain to make a DEX that delivers, and due to this, I’m assured in Momentum’s potential to construct a DEX that delivers a seamless, CEX-like expertise solely on-chain,” he added.
OKX Ventures Helps Infrastructure Tasks Driving Blockchain Ecosystem Development
OKX Ventures acknowledges Momentum as a distinguished DEX on the Sui blockchain, acknowledged for its revolutionary liquidity administration and contributions to ecosystem progress. This funding displays OKX Ventures’ broader technique to again infrastructure tasks that drive enlargement and improvement throughout the blockchain house. Since its launch, Momentum has demonstrated sturdy technical efficiency and adoption, establishing itself as a key participant within the Sui Community’s progress.
With an preliminary capital allocation of $100 million, OKX Ventures seeks to establish and assist main blockchain tasks worldwide. The fund is devoted to advancing revolutionary blockchain applied sciences, fostering the sustainable improvement of the worldwide blockchain trade, and investing in property that supply long-term structural worth.
Lately, OKX Ventures has expanded its portfolio with investments in Cygnus Finance, a modular actual yield protocol, and DuckChain, an AI-focused blockchain related to Telegram.
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About The Creator
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising tendencies and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
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Alisa Davidson
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising tendencies and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Extra articles
