On June 5, 2025, Momentum, a decentralized exchange (DEX) on the Sui blockchain, announced a strategic funding round, raising capital at a $100 million valuation.
This funding round was led by OKX Ventures, with participation from Coinbase Ventures, Gate Ventures, MEXC Ventures, KuCoin Ventures, and other strategic partners. Momentum has quickly become one of the fastest-growing DEXs on the Sui blockchain.
Momentum's central liquidity engine has surpassed $3 billion in swap volume in less than two months. The DEX has also achieved $69 million in Total Value Locked (TVL) and has over 420,000 users. The funding will support further growth within the Sui DeFi ecosystem.