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The rise of the Momentum project in the Sui ecosystem can be described as a dark horse. As a highly regarded decentralized trading platform, the development trajectory of Momentum is impressive.
Recently, Momentum has performed particularly well on the Sui network. It has not only become the project with the highest Total Value Locked (TVL) in the Sui Dex but also set a new record for TVL growth rate among Sui projects. This achievement fully demonstrates the strength and potential of Momentum.
Specifically, Momentum's report card is quite impressive:
1. The total locked value has risen to approximately 156 million USD, leading the Dex sector.
2. The total trading volume has surpassed 7.3 billion USD, demonstrating the platform's activity and liquidity.
3. The user base continues to expand, currently exceeding 1.3 million.
The success of Momentum is no accident. It is backed by industry giants such as the Sui Foundation, Coinbase, Circle, and Jump. Such a high-profile support lineup is rare in the Sui ecosystem and has laid a solid foundation for the development of Momentum.
Interestingly, industry insiders have begun to draw comparisons between Momentum's performance on Sui and Aerodrome's success on the Base chain. Both have received official-level support from their respective ecosystems, which undoubtedly has built a strong moat for them, attracting a large amount of ecological resources and user attention.
The rise of Momentum is not just a success of a single project, but a reflection of the overall prosperity of the Sui ecosystem. It demonstrates the immense potential of Sui in the DeFi space and brings new vitality and opportunities to the entire ecosystem.
As Momentum continues to play a central role in the Sui ecosystem, we have reason to believe that it will continue to drive the development of the Sui network, bringing more innovation and value to users. For investors and users focused on Web3 development, Momentum is undoubtedly a project worth keeping an eye on.