Momentum Teams with Wormhole and OKX Wallet to Drive Cross-Chain Liquidity on Sui Blockchain
San Francisco, California, June 19th, 2025,
Momentum DEX, the rapidly ascending DeFi protocol on the Sui blockchain, today announced its partnerships with Wormhole and OKX Wallet. This collaboration is part of a cross-chain initiative that aims to bring billions of dollars in liquidity into the Sui ecosystem in 2025.
The partnerships coincide with the launch of the WAGMI Trading Competition, a 12-week campaign culminating in a large airdrop.
As Wormhole‘s NTT (Native Token Transfer) framework launches on Sui, Momentum will serve as the first DEX to support NTT-powered assets. Wormhole is the leading interoperability platform connecting traditional finance and the internet economy, with over $60 billion in all-time multichain volume to date. Momentum’s role builds on existing alignment with Sui, which previously integrated Wormhole into the Sui Canonical Bridge UI that went live in late 2024.
“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 Wormhole Foundation co-founder Dan Reecer. “It is becoming increasingly important to support cross-chain functionality, particularly in the DeFi space, and we’re excited to have one of the largest Sui DEX’s leverage our technology to help them scale.”
In tandem with this rollout, Momentum has formed exclusive partnerships with several top market cap tokens—beginning with GateToken (GT) and MEXC Token (MX)—and is also collaborating with a long-term partner of Wormhole—Bonk (BONK). Together, these projects will be among the first to leverage the Wormhole NTT framework to bridge assets from EVM and Solana to Sui. These tokens can add significant liquidity to the Sui ecosystem, with pairs seeded on Momentum to help drive TVL growth ahead of the bridge’s anticipated September launch.
“This marks a significant milestone in our commitment to serving as a public good within the Sui ecosystem and accelerating its growth—and it’s just the beginning,” said Momentum co-founder ChefWen. “We have a strong pipeline of major Momentum-led partnerships ahead, each designed to expand Sui’s reach and impact. Our goal is to add substantial DeFi TVL by working closely with protocol partners on other chains, and we are excited to be spearheading this initiative”
Momentum’s cross-chain ambitions will be further amplified by the OKX Cryptopedia platform, a learn-to-earn initiative accessible via the OKX Wallet interface. Featuring a prize pool of over $1 million, Cryptopedia will soon spotlight Momentum alongside other key Sui ecosystem partners, including xSUI, the new liquid staking token launched by the Momentum team, and OKX’s wrapped Bitcoin token xBTC.
OKX Chief Innovation Officer Jason Lau said: “Our partnership with Momentum connects OKX Wallet users with one of Sui’s leading DEXs through Cryptopedia, our learn-to-earn platform featuring interactive quests and potential rewards. By spotlighting Momentum alongside other Sui ecosystem partners, we’re making it easier for users to discover quality projects while learning how to interact with them directly.”
Launched in beta on March 31, Momentum has already seen significant growth in both TVL and on-chain trading volume on Sui. Just 10 weeks after its beta launch, Momentum reached an all-time high TVL of $95 million. The protocol has facilitated more than $4 billion in swap volume and has onboarded over 450,000 unique users.
The WAGMI Trading Competition runs from June 16 through September 8, during which users will earn non-transferable “Bricks” through trading and liquidity provision on Momentum, which will be converted into airdropped tokens at TGE. The event kicks off the final phase of Momentum’s TGE roadmap, which includes a public sale on Momentum’s Token Generation Lab, Sui’s first flagship launchpad with backing from bluechip investors such as OKX Ventures (lead), Coinbase Ventures, KuCoin Ventures, Gate Ventures, and MEXC Ventures.
About Momentum
Momentum’s long-term vision is to serve as the central liquidity engine of the Sui chain — a role that goes beyond traditional AMM infrastructure. Unlike standard v3 models, which limit incentive-based liquidity wars, Momentum is architected for dynamic gauge voting and emission control that supports deep protocol engagement and competition. By building on the ve(3,3) model pioneered by Curve, Momentum is building the central liquidity engine of Sui, designed for economic growth, cross-chain expansion, and long-term alignment for all stakeholders by delivering higher real yield and APYs to liquidity providers and protocols alike.
About Wormhole
Wormhole is the leading interoperability platform that powers multichain applications and bridges at scale. Wormhole provides developers, institutions, and users seamless connectivity between over 40 leading blockchain networks. The wider Wormhole network is trusted and used by teams like BlackRock, Apollo Global, VanEck, Google Cloud, Circle, and Uniswap. To date, the platform has enabled over $60 billion in cross-chain volume, the most of any protocol in the world. Learn more at wormhole.com.