Momentum raised $14.5M But WTF is that??? I decided to explain everything in simple terms Let's dive in 🧵
"Ronin what it is?" Momentum is not just a DEX, as many know it it’s an entire operating system powering the next era of global finance so that crypto assets and real-world assets can trade seamlessly on a one platform that’s exactly why they need a DEX as one of the products, but there are several additional ones at least liquidity building and the infrastructure layer for the SUI ecosystem
"What main products are they building???" they have 3 main products: >Momentum DEX > xSUI (liquid staking) > MSafe (treasury management and vesting) they are proportionally useful to each other at least for trading, staking, and generating efficient yields on SUI assets also, thanks to Wormhole, they can seamlessly list and trade cross-chain tokens while treasury tools like MSafe manage multichain liquidity
"What's the next step in the development of Momentum?" the final stage of this will be the addition of trillion-dollar classes of real-world assets on-chain such as securities, commodities, real estate, and intellectual property and of course, the development of Momentum X, the trading platform it will provide unified liquidity, institutional compliance, and integration with DeFi however, it will be necessary to go through the KYC/AML layer (based on Sui, Walrus, Seal) this will be implemented through smart contracts, without intermediaries, using ZK proofs
"What allows them to grow and build so quickly?" of course, Momentum DEX plays a key role in the development of the project it’s the flagship of the ecosystem,the main product, built on Uniswap v3 (CLMM) over the past 30 days, Momentum DEX has reached $10.5B in volume $466M TVL, and more than 2M+ unique traders, which brings them revenue literally one of the best DEXs built on SUI, and this is only the beginning...
"Okay Ronin, this is useful info, but why do I need it???" Momentum DEX is distrubite tokens using a sale on Buidlpad and i’ve already done a detailed overview but the main idea is to understand the potential and ideology behind the project this will help you better understand it, assess your own risks, and decide whether you actually like them as a product i’ve already shared my detailed thoughts in a full article, from A to Z Dive in:
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