Everyone who meets the airdrop eligibility criteria can now check their MMT allocation at https://airdrop.mmt.finance @MMTFinance Up to 90% of user allocations will be distributed in the form of veMMT tokens, which will become visible in the next few days. Speaking of the ve(3,3) mechanism, most DEXs face the same issue: they attract liquidity early on through mining incentives, but as returns diminish, users leave. Momentum has chosen a different path. It uses the ve(3,3) mechanism to tie together staking, governance, and rewards, encouraging users to stay long-term rather than just earning a quick profit and leaving. Core of the ve(3,3) model: Staking MMT generates veMMT, and the longer you stake, the higher your weight. veMMT holders can vote weekly to decide where incentives go. To win votes, project teams will offer additional rewards. Transaction fees are no longer distributed to LPs but are instead allocated to these governance participants. This aligns the interests of governors, project teams, and liquidity providers. The protocol doesn’t need to issue extra tokens for mining incentives, yet it can maintain long-term liquidity stability. Momentum has been live on Sui for about six months: TVL: ~270M Cumulative trading volume: over 26B Annualized fee revenue: ~45M Users: 2 million+ This means it’s no longer an experimental product but a mainstream DEX capable of generating sustainable cash flow. While short-term token prices are influenced by market trends, in the long run, Momentum’s value is anchored to its fee revenue. Based on an annualized revenue of 45M and a 12x PE ratio, the circulating market cap of the protocol is approximately 540M, with a fully diluted valuation (FDV) potentially reaching 2B-3B. Momentum isn’t just building a DEX; it aims to become an on-chain liquidity infrastructure that serves both crypto assets and RWA (real-world assets). In the traditional world, it’s comparable to platforms like Citadel or NYSE that specialize in matching and market-making. Momentum’s core advantage is that it closes the economic loop for DEXs, driving growth through governance voting and real fee revenue rather than relying on token subsidies. In the short term, it’s the leading DEX on Sui. In the medium term, it’s the liquidity hub of the ecosystem. In the long term, it could become the foundational system for on-chain finance.