Momentum ($MMT ) is a DeFi project built on the Sui blockchain, aimed at creating a 'big operating system' that allows all assets (cryptocurrencies, cross-chain assets, real-world assets like stocks and bonds) to be easily traded on-chain. In simple terms, it starts with a DEX and gradually expands into a versatile platform.

Core strategy: All assets on-chain

  • Starting point: Momentum DEX. This is an efficient decentralized exchange that uses a concentrated liquidity model (like Uniswap v3) to provide low slippage trading. Currently, the cumulative trading volume has exceeded $26 billion, TVL exceeds $600 million, and there are over 2.1 million users. 36 It first establishes liquidity on Sui.

  • Activate liquidity: xSUI. Users can stake SUI to earn xSUI (liquid staking token), keeping assets active while earning yields.

  • Simplified yield: Vaults. For users who are not familiar with complex strategies, automated yield tools are provided, such as automatic rebalancing and leverage strategies. Future expansions will include multiple chains to support more assets flowing into Sui.

  • Ecosystem expansion: TGL Launchpad. Like a launchpad, it brings quality projects online, adding new assets and users, creating a snowball effect for ecosystem growth.

  • Disruption point: Momentum X. This is a key innovation: a unified entry point for handling RWA (real-world assets), compliance, and cross-chain liquidity. Only one KYC (identity verification) is needed for universal cross-chain use. Stocks, bonds, commodities, and tokens are traded together; once institutions come in, liquidity will change dramatically. In the past, multiple intermediaries were needed; now one platform can handle it.

$MMT's role

$MMT is the platform's 'control panel'. Locking generates veMMT, allowing participation in governance, distribution of rewards, priority access to new project quotas, whitelists, etc. Holding it gives control over the system's economic incentives.

In summary, the trend Momentum is targeting is 'all assets on-chain': unifying the fragmented financial world on the blockchain. Currently, multi-chain cooperation, bridging, and institutional wallets are being implemented. If DeFi is to grow large, projects of this scale and ambition are few that can take the lead. 46