On March 31, 2025, Momentum, a new decentralized exchange (DEX), emerged from stealth mode to introduce a ve(3,3) token model and trading platform on the Sui blockchain. The DEX is designed to offer deep liquidity and minimal slippage, utilizing Sui’s advanced smart contract capabilities to optimize trading experiences. The launch was accompanied by an extensive trading competition aimed at increasing adoption and engagement.

The Momentum DEX incorporates a novel liquidity mechanism that rewards traders and liquidity providers with governance tokens. This model encourages community participation by allowing users to influence the platform’s future developments. Additionally, its ve(3,3) structure combines elements of token locking and voting escrow to create a more sustainable incentive system.

With this launch, Momentum aims to set a new standard for decentralized trading on Sui, competing with established DEXs on other blockchains. The initial response has been positive, with thousands of users participating in the trading competition. As Momentum scales, its integration with other DeFi platforms on Sui is expected to enhance the overall ecosystem’s liquidity and usability.