What is Momentum (MMT)? An in-depth analysis of the operation of the DeFi center on the Sui chain.

Momentum is an integrated Decentralized Finance (DeFi) hub built on the Sui Blockchain, providing trading, staking, and asset management within a unified ecosystem. The platform features the Momentum DEX for centralized liquidity trading, xSUI for liquid staking, and MSafe for secure multisignature fund management. MMT is its native Token, used for governance voting custody, community rewards, and other privileged access.

What is the full analysis of the Momentum core products

Momentum serves as the liquidity foundation of the Sui ecosystem, providing a complete suite of DeFi tools. On Momentum, you can trade Sui native and cross-chain assets on the Momentum DEX, which is a decentralized exchange offering smaller spreads and lower slippage. You can also stake SUI and receive xSUI, which is a liquidity token that can earn staking rewards while remaining available in DeFi applications. Additionally, using MSafe allows for the secure management of funds; MSafe is a multisignature wallet for fund operations and token ownership.

Momentum DEX is a decentralized exchange built on the Sui Blockchain, using a Concentrated Liquidity Model (CLMM) similar to Uniswap V3. This design allows liquidity providers to allocate capital within a specific price range, thereby improving trader efficiency and reducing slippage. The exchange uses Sui's Programmable Trading Block (PTB) to bundle operations such as swapping, adding liquidity, and staking into a single transaction, thereby improving execution and reducing costs.

xSUI is a liquid staking token that represents the staked SUI within the Momentum ecosystem. When you stake SUI through Momentum, you will receive xSUI as a reward, which continues to earn staking rewards while maintaining full liquidity. xSUI can be used across DeFi applications, such as lending markets, liquidity pools, or as collateral, allowing you to earn additional yields without locking up your SUI.

MSafe is a multisignature wallet designed for secure fund management and token ownership on Move-based blockchains (including Sui, Aptos, and Movement). This wallet allows you to set custom approval rules for transactions, adding an extra layer of security for fund flows and governance actions. Organizations can use MSafe to lock, schedule, and release tokens through transparent on-chain smart contracts, thereby reducing the risks associated with manual operations or centralized control.

ve(3,3) How the model works

Momentum adopts the ve(3,3) Token economics model, which is a governance and incentive model that first appeared in Curve and Solidly. The goal is to reward users for locking tokens instead of selling them, aligning long-term participation with the growth of the protocol. When you hold MMT tokens and lock them for a period of time, you will receive veMMT (voting-escrowed MMT). The longer the lock-up period, the greater the voting power.

By using veMMT, you can vote to decide which liquidity pools receive new token emissions. In return, veMMT holders earn trading fees and bribes (external incentives from other protocols seeking votes). This setup aligns the interests of liquidity providers and token holders. All emissions flow to LPs, and all trading fees are returned to veMMT holders, creating a self-reinforcing cycle. Momentum commits to returning 100% of trading fees to users through this mechanism, with no fees transferred to the protocol treasury.

ve(3,3) Model Operation Process

Locking MMT: Users lock MMT tokens for a period of time to earn veMMT.

Voting Weight: The longer the lock-in period, the greater the veMMT and voting power obtained.

Governance Voting: veMMT holders vote to determine the token emission distribution of the liquidity pool.

Reward Distribution: veMMT holders receive trading fees and external bribery income.

MMT Token Utility and Exchange HODLer Airdrop

MMT is the native Token of the Momentum protocol, used on the Sui network. It serves multiple purposes within the Momentum ecosystem. In terms of the binding mechanism, MMT adopts a voting custody model, and when you bind MMT, you receive veMMT, which grants governance rights based on the amount bound and the lock-up period. Regarding governance, veMMT holders can vote on proposals, parameter updates, emission schedules, and other governance decisions that shape the direction of the ecosystem.

The distribution of MMT is designed to encourage network participation, rewarding users who trade, provide liquidity, vote, or contribute to the growth of the ecosystem. Holding veMMT allows you to gain certain benefits within the ecosystem, including early participation in new reward pools, priority allocation in the token generation lab, and early access to upcoming products and features.

On November 3, 2025, CEX announced MMT as the 56th project for HODLer airdrops. Users who subscribed to BNB's Simple Earn and/or on-chain yield products from November 17 to 19 are eligible to receive the MMT airdrop. A total of 7,500,000 MMT tokens have been allocated to this program, accounting for 0.75% of the total supply of the genesis token. MMT will be listed under the application of seed labels, allowing trading against USDT, USDC, BNB, and TRY currency pairs.

Institutional Endorsement and Ecosystem Development

Momentum has gained strong support from top institutions in the crypto space. It raised funds in a financing round with a valuation of $100 million, with Circle and other major investors joining in. The project is led by former Meta Libra engineer ChefWEN, who has deep blockchain expertise. The team works closely with the Sui ecosystem and integrates stablecoins such as FDUSD and USDY into its platform.

Momentum expands beyond Sui through Wormhole's cross-chain technology, allowing users to access and trade assets from multiple blockchains. This cross-chain integration is achieved through partnerships with Wormhole and CEX wallets, opening the door for cross-chain trading and liquidity flow. Users can seamlessly trade tokens from other blockchains, such as ETH or SOL, within the Sui environment.

Momentum is preparing to launch several new products in 2026. The platform plans to release a perpetual DEX in the first quarter of 2026, increasing support for derivative products and perpetual futures trading on the Sui Blockchain. Momentum's Token Generation Laboratory (TGL) is also set to launch in the same quarter, serving as a dedicated platform for established projects, providing strategic partnerships, liquidity support, and transparent token distribution. The Momentum X, expected to launch in the second quarter of 2026, will be introduced as an institutional-grade platform that integrates trading and compliance into a single system.

How to Participate and Purchase MMT

If you want to participate in Momentum (MMT), there are several ways to acquire tokens. Once the emissions begin, providing liquidity in the Momentum pool will be one of the primary ways to earn MMT. Focus on pools with higher voting weight through veMMT to maximize your returns. After earning MMT, you can lock it to receive veMMT, which provides you with voting rights and a portion of the trading fees and bribes.

You can directly purchase or exchange MMT on the Momentum DEX or leading exchanges. Multiple CEXs are preparing to list MMT (for example, the MMT/USDT spot trading pair), providing users with multiple entry points. Momentum is also launching its MMT community product on Buidlpad, allowing real users to access fully unlocked MMT tokens early. The goal of this initiative is to raise $4.5 million without any attribution or lock-up.

According to data from DeFiLlama, the protocol has processed over $3.4 billion in transaction volume in the last 30 days, generating approximately $24.8 million in annual fees. Shortly after the beta release, its TVL soared to over $95 million, marking an impressive start for new entrants in the Sui ecosystem.