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Momentum Teams Up with Wormhole and OKX Wallet to Boost Cross-Chain Liquidity on Sui

Momentum, a decentralized finance (DeFi) protocol built on the Sui blockchain, has announced a strategic collaboration with Wormhole and OKX Wallet. The partnership aims to enhance cross-chain liquidity on the Sui network, promising billions of dollars in liquidity flow across blockchain ecosystems.

Strengthening Sui with Cross-Chain Interoperability

The Sui blockchain, an emerging player in the DeFi space, will benefit significantly from this collaboration. Momentum plans to leverage Wormhole’s Native Token Transfer (NTT) framework and OKX Wallet’s learn-to-earn platform, OKX Cryptopedia, to expand its interoperability and functionality.

This partnership marks a milestone, as Momentum becomes the first decentralized exchange (DEX) to support Wormhole’s NTT-powered assets. This integration enables seamless, native asset transfers between Ethereum Virtual Machine (EVM) chains, Solana, and Sui, fostering enhanced liquidity and utility for users across these networks.

Initial Support for Gate, MEXC, and Solana Tokens

Wormhole, an industry-leading interoperability protocol with over $60 billion in all-time volume, will facilitate the launch of NTT on Sui. The initial token support includes Gate Token (GT), MEXC Token (MX), and Solana’s memecoin Bonk (BONK). These assets will be among the first to benefit from the NTT-to-Sui initiative, further broadening the ecosystem’s appeal.

Additionally, Momentum intends to spotlight xSUI, a newly-launched liquid staking token, and xBTC, a wrapped Bitcoin token, on OKX. These assets aim to attract new liquidity and strengthen the protocol’s total value locked (TVL).

OKX Wallet’s Learn-to-Earn Initiative

OKX Cryptopedia, accessible via the OKX Wallet, will play a crucial role in supporting Momentum and other projects on the Sui network. With a prize pool exceeding $1 million, the platform’s learn-to-earn program is designed to educate users while incentivizing participation in the Sui ecosystem. This initiative is expected to drive user engagement and adoption of Sui-based assets.

Boosting Momentum’s TVL and Market Position

Dan Reecer, co-founder of Wormhole Foundation, stated,

“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.”

To further solidify its market presence, Momentum will seed the supported token pairs on its platform. This move is expected to significantly boost the protocol’s TVL as the ecosystem gears up for the launch of Sui’s bridge in September.

Momentum’s Growth and Strategic Investments

Since its beta launch on March 31, 2025, Momentum has achieved remarkable growth, with its TVL surpassing $95 million within just 10 weeks. The project recently completed a strategic funding round, securing a $100 million valuation. The round was led by OKX Ventures, with participation from the venture capital arms of major crypto exchanges, including Coinbase, Gate.io, KuCoin, and MEXC.

This latest partnership with Wormhole and OKX Wallet underscores Momentum’s commitment to driving innovation and expanding liquidity solutions within the Sui network. With its robust growth trajectory and support from leading industry players, Momentum is well-positioned to become a key player in the DeFi ecosystem.

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