Momentum Expands Cross-Chain Liquidity with Wormhole Integration on Sui Network

Wormhole has announced the expansion of its Native Token Transfer (NTT) framework to the Sui Network, with Momentum becoming the first decentralized exchange (DEX) to support NTT-powered assets. This development is part of a broader cross-chain initiative aimed at bringing billions of dollars in liquidity into the Sui ecosystem by 2025. The integration builds on the existing alignment between Sui and Wormhole, which previously integrated Wormhole into the Sui Canonical Bridge UI that went live in late 2024.

Dan Reecer, co-founder of the Wormhole Foundation, emphasized the significance of this development, stating that it enables seamless cross-chain liquidity flows that will strengthen Momentum's market positioning. He highlighted the importance of supporting cross-chain functionality, particularly in the DeFi space, and expressed excitement about Momentum leveraging Wormhole's technology to scale.

Momentum has also formed exclusive partnerships with several top market cap tokens, including GateToken (GT) and MEXC Token (MX), and is collaborating with Bonk (BONK), a long-term partner of Wormhole. These projects will be among the first to leverage the Wormhole NTT framework to bridge assets from EVM and Solana to Sui, potentially adding significant liquidity to the Sui ecosystem. These tokens will be seeded on Momentum to drive Total Value Locked (TVL) growth ahead of the bridge’s anticipated September launch.

ChefWen, co-founder of Momentum, emphasized the importance of this milestone, saying that it marks a significant step in their commitment to serving as a public good within the Sui ecosystem and accelerating its growth. He highlighted that this is just the beginning and that Momentum has a strong pipeline of major partnerships ahead, each designed to expand Sui’s reach and impact. The goal is to add substantial DeFi TVL by working closely with protocol partners on other chains.

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 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.

Jason Lau, Chief Innovation Officer at OKX, commented that the partnership with Momentum connects OKX Wallet users with one of Sui's leading DEXs through Cryptopedia, a learn-to-earn platform featuring interactive quests and potential rewards. By spotlighting Momentum alongside other Sui ecosystem partners, OKX is 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, running from June 16 through September 8, will allow users to earn non-transferable “Bricks” through trading and liquidity provision on Momentum, which will be converted into airdropped tokens at the Token Generation Event (TGE). This event marks 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.

Momentum’s long-term vision is to serve as the central liquidity engine of the Sui chain, a role that goes beyond traditional Automated Market Maker (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 aims to deliver higher real yield and Annual Percentage Yields (APYs) to liquidity providers and protocols alike.