Sui Ecosystem DEX Momentum completed a strategic round of financing, led by OKX Ventures

PANews reported on June 5 that according to Decrypt, Sui ecological DEX Momentum announced the completion of a strategic round of financing, with a valuation of $100 million. The 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 the DeFi business of the Sui ecosystem.

Momentum uses the innovative ve (3,3) model to achieve $3 billion in trading volume, $69 million in TVL, and more than 420,000 users within two months of its launch. Its co-founder, ChefWEN, was involved in the development of the Meta Libra project, which ensures security through smart contract auditing and real-time monitoring. Previously, Momentum received a $10 million funding round led by Varys Capital in March 2025.

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