Momentum, the flagship decentralized exchange (DEX) on the Sui blockchain, has successfully closed a major funding round, pushing its valuation to an impressive $100 million.
Although the exact capital raised remains undisclosed, the round was led by OKX Ventures and attracted participation from high-profile crypto investors.
The investors included participants like Coinbase Ventures, Gate Ventures, MEXC Ventures, and KuCoin Ventures.
Strategic partnerships were also forged with influential backers such as Protagonist and DNA Fund.
The latest development comes on the heels of Momentum’s $10 million round in March 2025, previously led by Varys Capital, and highlights the rapid institutional confidence building around this emerging DEX.
Strong Institutional Confidence Reinforces Momentum’s Market Traction
The level of backing Momentum has received reflects deep trust in its role as a DeFi powerhouse within the Sui ecosystem.
OKX Ventures has praised Momentum’s innovations in liquidity infrastructure and its mission to empower decentralized finance through strategic product design.
KuCoin Ventures specifically lauded the project’s use of the ve(3,3) tokenomics framework, which enhances reward mechanisms and supports long-term liquidity growth.
With tangible results to show, over $3 billion in swap volume, $69 million in total value locked (TVL), and a rapidly expanding user base of over 420,000 in just two months.
Momentum is gaining a foothold as a critical component of Sui’s DeFi framework, combining speed, efficiency, and community incentives.
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Momentum Draws Broad Support From Industry Leaders and Influencers
Momentum’s fundraising success was not limited to institutional capital. The round also drew support from major crypto influencers and thought leaders, including Coin Bureau, Monke Ventures, and MultiChain Advisors (MCA).
Influential figures such as TheCryptoLark and TheOnlyNom have publicly endorsed the project, helping bridge credibility between institutional investors and the broader crypto community.
The team is led by co-founder ChefWEN, a former senior engineer on Meta’s now-defunct Libra project and creator of MSafe, a highly regarded Web3 security platform.
ChefWEN’s technical background and focus on trust and transparency have shaped Momentum into a project that prioritizes secure smart contracts.
Also, they support 24/7 protocol monitoring, and rigorous third-party audits, key factors in the platform’s growing reputation.
Unique ve(3,3) Model and Sui’s Infrastructure Power Momentum’s Edge
At the core of Momentum’s competitive advantage lies its implementation of the ve(3,3) tokenomics model, a system that encourages users to lock tokens for governance and liquidity incentives.
The model redistributes all protocol revenue to stakers, creating a feedback loop that reinforces platform growth and long-term user commitment.
ChefWEN emphasized that Sui’s low-latency, high-throughput architecture offers the perfect technical foundation for a next-generation DEX.
Unlike many decentralized platforms, Momentum is aiming to deliver a trading experience comparable to centralized exchanges, fully on-chain, by leveraging the performance capabilities of the Sui network.
The recent development positions Momentum as not just another DEX, but a blueprint for scalable and sustainable DeFi operations on emerging Layer 1 blockchains.
Strategic Funding to Scale Liquidity Infrastructure and Fuel Growth on Sui DeFi
Momentum, a rapidly emerging decentralized exchange (DEX) built on the Sui blockchain, has closed a major strategic funding round at a $100 million valuation.
The newly secured capital will be used to enhance Momentum’s liquidity infrastructure, expand trading capabilities, and accelerate ecosystem development across Sui’s DeFi landscape.
The current round follows a $10 million raise led by Varys Capital in March 2025, further solidifying investor confidence in Momentum’s trajectory.
With over $3 billion in swap volume, $69 million in total value locked (TVL), and more than 420,000 users in just two months, Momentum has quickly become a core player in the Sui ecosystem.
Backed by its innovative ve(3,3) tokenomics model and a user-centric design that rewards liquidity providers with 100% of protocol revenues.
Broader Funding Climate Shows Growing Institutional Bets on Blockchain
Momentum’s successful raise comes amid a wave of significant funding announcements across the blockchain space.
Classover Holdings recently unveiled a $500 million round, 80% of which is earmarked for direct Solana (SOL) purchases, marking one of the first major altcoin treasury moves by a public firm.
In the Aptos ecosystem, Movemaker and Alcove have launched a secure MoveKit development library backed by $200,000 in seed capital to promote safer dApp development.
Meanwhile, Chinese AI company Webus is creating a $300 million XRP reserve to enable blockchain-based payments in its ride-hailing service.
These diverse but interconnected stories reflect a larger trend: institutional money is flowing into blockchain infrastructure at an accelerating pace.
Projects like Momentum are riding this wave by delivering high-performance, utility-driven DeFi solutions.
Also Read: Rotterdam-Based Crypto Asset Manager Blockrise Secures $2.6 Million In Funding Round