Momentum DEX Partners with Wormhole and OKX Wallet to Boost Sui Ecosystem Liquidity by 2025

Momentum DEX, a rapidly expanding decentralized exchange built on the Sui blockchain, has announced significant new partnerships with Wormhole and OKX Wallet. This move is part of a broader strategy to bring billions of dollars in liquidity into the Sui ecosystem by 2025. The collaboration is also aligned with the launch of Momentum’s 12-week WAGMI Trading Competition, a campaign designed to reward users with tokens through an airdrop.

Wormhole, a leading cross-chain messaging protocol with a substantial multichain volume, recently introduced its Native Token Transfers (NTT) on Sui. Momentum DEX will be the first decentralized exchange to support these NTT-based assets, enabling users to transfer tokens seamlessly between different blockchains. This capability is expected to facilitate smoother cross-chain liquidity and attract new assets and users to the platform.

Momentum DEX is also collaborating with GateToken (GT), MEXC Token (MX), and Bonk (BONK) to be among the first projects utilizing Wormhole’s NTT system. The goal is to bridge tokens from Ethereum-compatible blockchains and Solana to Sui. Once bridged, these tokens will be listed on the Momentum DEX, which is anticipated to boost the Total Value Locked (TVL) and bring more liquidity into the Sui ecosystem. The full launch of the bridge is scheduled for September 2025.

In addition to Wormhole, Momentum DEX is partnering with OKX’s Cryptopedia, a learn-to-earn platform on the OKX Wallet. With a $1 million prize pool, it will feature Sui projects like Momentum, xSUI, and xBTC, helping users explore and earn rewards. Momentum DEX, which launched in beta on March 31, has rapidly grown to over $95 million in TVL, $4 billion in swap volume, and 450,000+ users in just 10 weeks.

The WAGMI Trading Competition, running from June 16 to September 8, allows users to earn non-transferable points called “Bricks” by trading and adding liquidity on Momentum. These Bricks will later be converted into airdrop tokens during the Token Generation Event (TGE), marking the final stage of Momentum’s launch plan.

Momentum DEX's initiative to enhance cross-chain trading capabilities is a strategic response to the growing demand for interoperability in the decentralized finance (DeFi) space. By integrating with Wormhole and OKX Wallet, Momentum DEX is positioning itself as a key player in the cross-chain liquidity landscape. This move is expected to attract a wider range of users and developers, further bolstering the Sui Network's ecosystem.

The partnership with Wormhole enables Momentum DEX to tap into a robust network of interconnected blockchains, allowing users to transfer assets and interact with decentralized applications (dApps) across multiple chains. This interoperability is crucial for the growth of DeFi, as it enables users to access a broader range of financial services and investment opportunities without being confined to a single blockchain.

OKX Wallet's involvement in this initiative brings an additional layer of convenience and security to cross-chain trading. As a trusted multi-chain wallet, OKX Wallet provides users with a seamless experience for managing their assets across different blockchains. This integration is expected to enhance user adoption and engagement on the Sui Network, as users can easily access and trade assets from various ecosystems.

Momentum DEX's cross-chain trading push is a significant development in the DeFi space, addressing one of the key challenges faced by decentralized exchanges: liquidity fragmentation. By unlocking cross-chain liquidity, Momentum DEX aims to create a more efficient and interconnected DeFi ecosystem, where users can access a wider range of assets and services without the need for complex bridging mechanisms.

This initiative is also expected to drive innovation and competition in the DeFi space, as other decentralized exchanges may follow suit and implement similar cross-chain trading capabilities. The increased interoperability and liquidity are likely to attract more users and developers to the Sui Network, further solidifying its position as a leading player in the DeFi landscape.