This collaboration is part of a cross-chain initiative aimed at bringing billions of dollars in liquidity to the Sui ecosystem by 2025.

On June 19, 2025, the rapidly emerging DeFi protocol Momentum DEX on the Sui blockchain announced a strategic partnership with Wormhole and OKX Wallet.

This collaboration is part of a cross-chain initiative aimed at bringing billions of dollars in liquidity to the Sui ecosystem by 2025.

The announcement of this partnership coincides with the launch of the 12-week "WAGMI Trading Competition," which will culminate in a large-scale airdrop.

Wormhole NTT Framework Introduced to Sui

With the launch of Wormhole's NTT (Native Token Transfer) framework on Sui, Momentum will become the first DEX to support NTT-driven assets. Wormhole is a leading interoperability platform connecting traditional finance and the internet economy, with over $60 billion in multi-chain trading volume to date. Momentum's role is built on existing collaborations with Sui, which previously integrated Wormhole into the Sui Canonical Bridge UI by the end of 2024.

Dan Reecer, co-founder of the Wormhole Foundation, stated, "By introducing our native token transfer framework to Sui, we are enabling seamless cross-chain liquidity flow, which will strengthen Momentum's market positioning, allowing it to support new native assets and attract new liquidity. In the DeFi space, supporting cross-chain functionality is becoming increasingly important, and we are excited to see one of Sui's largest DEXs leverage our technology to help them scale."

First Cross-Chain Assets

Meanwhile, Momentum has established exclusive partnerships with several leading market cap tokens, starting with GateToken (GT) and MEXC Token (MX), and has also partnered with Wormhole's long-term collaborator Bonk (BONK). These projects will be among the first to utilize the Wormhole NTT framework to bridge assets from EVM and Solana to Sui. These tokens can bring significant liquidity to the Sui ecosystem, and relevant trading pairs will be provided with liquidity on Momentum ahead of the bridging service expected to launch in September, to help drive TVL growth.

ChefWen, co-founder of Momentum, stated, "This marks an important milestone in our commitment to being a public good for the Sui ecosystem and accelerating its growth, and this is just the beginning. We have a series of significant partnerships led by Momentum coming up, each aimed at expanding Sui's influence. Our goal is to increase substantial DeFi TVL by closely collaborating with protocol partners on other chains, and we are excited to lead this initiative."

OKX Cryptopedia Platform Collaboration

Momentum's cross-chain ambitions will be further expanded through the OKX Cryptopedia platform, a "learn-to-earn" program accessible via the OKX Wallet interface. With a prize pool exceeding $1 million, Cryptopedia will soon focus on Momentum and other key Sui ecosystem partners, including the new liquid staking token xSUI launched by the Momentum team, as well as OKX's wrapped Bitcoin token xBTC.

Jason Lau, Chief Innovation Officer of OKX, stated, "Our collaboration with Momentum connects OKX Wallet users to one of Sui's leading DEXs through Cryptopedia, our learn-to-earn platform that offers interactive tasks and potential rewards. By showcasing Momentum alongside other Sui ecosystem partners, we make it easier for users to discover quality projects while learning how to interact with them directly."

Momentum's Growth and WAGMI Trading Competition

Momentum launched its beta version on March 31, achieving significant growth in TVL and on-chain trading volume on Sui. Just 10 weeks after the beta launch, Momentum's TVL reached a historic high of $95 million. The protocol has facilitated over $4 billion in trading volume and attracted more than 450,000 unique users.

The WAGMI Trading Competition will run from June 16 to September 8, during which users will earn non-transferable "Bricks" by trading and providing liquidity on Momentum, which will be converted into airdrop tokens at TGE. This event marks the final phase of the Momentum TGE roadmap, which includes a public sale on Momentum's Token Generation Lab, the first flagship launchpad for Sui, supported by blue-chip investors such as OKX Ventures (leading), Coinbase Ventures, KuCoin Ventures, Gate Ventures, and MEXC Ventures.

About Momentum

Momentum's long-term vision is to become the central liquidity engine of the Sui chain— a role that goes beyond traditional AMM infrastructure. Unlike the standard v3 model that limits incentive-based liquidity competition, Momentum's architecture supports dynamic scale voting and emission control, facilitating deep protocol participation and competition. By building on the ve(3,3) model pioneered by Curve, Momentum is creating Sui's central liquidity engine, aiming to achieve economic growth, cross-chain expansion, and long-term alignment for all stakeholders by providing higher real yields and APY for liquidity providers and protocols.

About Wormhole

Wormhole is a leading interoperability platform that provides large-scale support for multi-chain applications and bridging. Wormhole offers seamless connectivity between over 40 leading blockchain networks for developers, institutions, and users. The broader Wormhole network is trusted and utilized by teams such as BlackRock, Apollo Global, VanEck, Google Cloud, Circle, and Uniswap. To date, the platform has achieved over $60 billion in cross-chain trading volume, the highest of any protocol in the world. For more information, please visit wormhole.com.

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