Momentum’s Grand Adventure: A Liquidity Tale of Epic Proportions!

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In a world where decentralized finance protocols frolic like children in a meadow, Momentum, that sprightly little entity built upon the Sui network, has decided to join forces with the illustrious Wormhole and the ever-so-reliable OKX Wallet. Their mission? To sprinkle a little liquidity magic across the Sui network, of course! 💧✨

According to a rather enthusiastic announcement, this collaboration promises to shower the Sui (SUI) blockchain with an avalanche of billions—yes, billions!—in cross-chain liquidity. One can only imagine the joyous celebrations in the digital streets of Sui. 🎉

In this noble quest for interoperability, Momentum has chosen to embrace Wormhole’s native token transfer framework and the educational wonders of OKX’s learn-to-earn platform, OKX Cryptopedia. Because who doesn’t want to learn while they earn? It’s like getting a gold star for doing your homework! 📚⭐

With this partnership, Momentum proudly claims the title of the first decentralized exchange to support Wormhole’s NTT-powered assets. This means that seamless, native asset transfers from the grand realms of Ethereum Virtual Machine chains and Solana to Sui are now a reality. It’s like a digital fairy tale come true! 🧚‍♂️

Big news from @MMTFinance. We’re building with @wormhole and OKX @wallet to unlock billions in cross-chain liquidity for the @SuiNetwork ecosystem.

This is a major leap forward in development, and it’s just the beginning.

— Momentum (@MMTFinance) June 19, 2025

Support for Gate, MEXC tokens

As a top interoperability protocol, Wormhole has amassed a staggering $60 billion in all-time volume. The launch of NTT on Sui is set to debut with initial support for Gate Token (GT) and MEXC Token (MX). And let’s not forget the delightful Solana memecoin Bonk (BONK), which will also join the party as one of the first tokens in the Wormhole NTT to Sui initiative. Because who doesn’t love a good memecoin? 😂

Meanwhile, OKX Cryptopedia, accessible via the ever-handy OKX Wallet, is rolling out its learn-to-earn program with a prize pool exceeding $1 million. This will undoubtedly support Momentum and other players in the Sui network. It’s like a treasure hunt, but with more digital assets and fewer pirates! 🏴‍☠️

Assets to be highlighted include xSUI, a newly-launched liquid staking token, and xBTC, a wrapped Bitcoin (BTC) token on OKX. Because what’s a liquidity party without a little Bitcoin, right? 💰

“By bringing our Native Token Transfers framework to Sui, we’re enabling seamless cross-chain liquidity flows that will strengthen Momentum’s market positioning as they are able to support new native assets and attract new liquidity,” said Dan Reecer, co-founder of Wormhole Foundation, in a statement that surely made waves in the digital ocean.

This partnership will seed the supported token pairs on Momentum, boosting the protocol’s total value locked. This grand event is set to go live just ahead of the network’s bridge launch in September. It’s like waiting for the next season of your favorite show—excitement is in the air!

Momentum, which launched in beta on March 31, 2025, has seen its growth momentum propel its total value locked to an impressive all-time high of over $95 million within a mere 10 weeks. Recently, the project raised a strategic round at a $100 million valuation, led by OKX Ventures, with the participation of the venture capital arms of Coinbase, Gate.io, KuCoin, and MEXC crypto exchanges. It seems the digital world is abuzz with excitement! 🚀

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2025-06-19 21:47