OKX Ventures Invests in Momentum, a Leading Decentralized Exchange (DEX) on Sui
OKX Ventures, the investment arm of leading crypto exchange and global onchain technology company, today announced a strategic investment in Momentum, a top-performing decentralized exchange (DEX) built on the Sui blockchain. Momentum has established itself as a pivotal player in next-generation DeFi on Sui through its deep liquidity pools and high-performance trading infrastructure.
The DeFi landscape has evolved significantly, progressing from order book models to automated market makers (AMMs), and now to ve(3,3) tokenomics that create stronger alignment between protocols and users. While many DEX platforms still struggle with impermanent loss, capital inefficiency, and misaligned incentives, Momentum offers a refined solution. At Momentum’s core is its ve(3,3) model, which uses sophisticated game theory to create sustainable value distribution:
- Utility Function: U(t) = αt^β, where α = base reward and β > 1
- Voting Power: VP = locked tokens × time multiplier × decay function
- Revenue Sharing: Proportional to voting power, rewarding long-term commitment
This framework creates a positive-sum ecosystem that attracts DeFi liquidity providers, traders, and developers seeking both scalability and properly aligned incentives. It has achieved $3 billion in swap volume, $72 million in TVL, and has surpassed 420,000 users within just two months. The platform now handles over 25% of all DEX volume on the Sui network and delivers 10x better trading performance than traditional AMMs.
OKX Ventures recognizes Momentum’s position as a leading DEX on the Sui blockchain, with its innovative approach to liquidity management and ecosystem development. The investment aligns with OKX Ventures’ strategy of supporting promising infrastructure projects that contribute to blockchain ecosystem growth. Momentum has demonstrated strong technical execution and adoption metrics since its launch, positioning it as an important contributor to the expanding Sui Network ecosystem.
ChefWEN, Co-founder of Momentum and former Lead Architect on Meta’s Libra project, said: “Sui’s architecture sets a new standard for DeFi infrastructure — enabling near-instant transaction finality and scalable performance under heavy load. It takes a strong chain to make a DEX that delivers, and because of this, I’m confident in Momentum’s ability to build a DEX that delivers a seamless, CEX-like experience entirely on-chain.”
For further information, please contact:
ENDS
About OKX Ventures
OKX Ventures is the investment arm of global leading crypto exchange and Web3 technology company OKX, with an initial capital commitment of USD100 million. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.
Through its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.
Find out more about OKX Ventures here.
About Momentum
Momentum is a Move-native DEX built on Sui, offering trading, vesting, and treasury management for both retail and institutional participants. Backed by Coinbase Ventures, Circle Ventures, OKX Ventures, Vary’s Capital, Selini Capital, Amber Group, Protagonist and Sui Foundation, it’s co-founded by ChefWEN, an early architect of Meta’s Libra project. Mirroring the success of Aerodrome which boasts 73% market share of Base on-chain volume, the groundbreaking ve(3,3) model is set to provide deeper liquidity with better rates for traders and higher earnings for liquidity providers.
