What is Momentum Finance? Binance’s New Listing

Momentum Finance's native token, MMT, began trading yesterday on multiple cryptocurrency exchanges, marking a significant milestone for the project built on the Sui blockchain. The token is now available on top-tier exchanges such as Binance, Upbit, Gate.io, and KuCoin, with trading pairs including USDT, USDC, BNB, and TRY on Binance.

Eligible users who participated in pre-launch activities or hold certain assets can check their allocations through Momentum's official airdrop portal. The token's price initially surged to $6.47 on Binance within 24 hours of launch but has since retraced to its current range under $1.

Momentum Finance positions itself as a platform for trading and managing assets on the Sui blockchain, with ambitions to expand beyond. Launched in beta on March 31, it focuses on creating infrastructure for Sui-native assets initially and later expanding to include cross-chain and real-world assets (RWAs) such as securities and real estate. The project unfolds in three phases:

1. Tools to support the Sui ecosystem.
2. Cross-chain functionality through integrations like Wormhole.
3. Tokenized RWAs for a unified marketplace.

Momentum combines decentralized finance (DeFi) features with tools designed for both retail and institutional users. Using Sui’s programmable transaction blocks, the platform enables efficient and atomic operations, such as bundling actions like swapping, adding liquidity, and claiming rewards in a single step. This reduces both fees and risks.

Momentum Finance has garnered support from prominent cryptocurrency investors, securing $100 million in a strategic funding round led by OKX Ventures in June 2025. Other notable backers include Coinbase Ventures, Protagonist, DNA Fund, Sui Foundation, Circle, and Jump Crypto.

The platform has achieved impressive milestones:

• Over 1.68 million unique swap users and 1.42 million liquidity providers.
• Total Value Locked (TVL) surpassed $600 million, with cumulative trading volumes exceeding $25 billion.
• Daily trading volumes peaked at $800 million.

The development has been steady, with TVL progressing from:

• $70 million in June,
• $130 million in July,
• $240 million by September,
• Before climbing further to $600 million by October.

Additionally, the platform has extended its Hold Yield Phase 2 campaign until November 15, while integrating Bitcoin finance (BTCfi) pairs with more than $100 million in liquidity.

Momentum's ecosystem is powered by innovative products designed for both retail and institutional users:

1. Decentralized Exchange (DEX): Built as a concentrated liquidity AMM inspired by Uniswap v3, it allows liquidity providers to focus capital in specific price ranges, reducing slippage and tightening spreads. Features include:

   • Retail-friendly low fees and guides.
   • Advanced institutional tools, such as deep liquidity and self-custody.
   • Wormhole integration for cross-chain trading.

2. MSafe Wallet: A multi-signature wallet for Move-based chains like Sui, Aptos, Movement, and IOTA, handling treasury management, token vesting, and secure integrations. It adds on-chain transparency and is extensively trusted within its ecosystems.

3. xSUI Liquid Staking: Empowers users to stake SUI tokens and receive xSUI tokens, enabling participation in DeFi activities such as lending and liquidity provisioning, boosting overall liquidity and yield efficiency.

4. Token Generation Lab (TGL): A launchpad connecting projects with investors and exchanges. TGL ensures sustainable distributions by locking tokens for 12 months and redistributing fees to ecosystem participants.

5. Vaults: Offering automated yield strategies, these vaults handle tasks like auto-rebalancing and leverage, rolling out advanced multi-chain support to attract TVL while simplifying user participation.

6. Momentum X: Introducing a compliance layer for tokenized RWAs, leveraging Sui’s KYC/AML infrastructure to address regulatory challenges. This promotes composability between tokenized traditional assets and crypto.

The MMT token has a total supply of 1 billion, with 20.41% in circulation at launch. Allocations include:

• 13% for ecosystem development.
• 42.72% for community growth.
• 24.78% for investors (vested).
• 1.5% for public sale.
• 18% for the team (locked over 4 years).

MMT adopts a vote-escrow model (veMMT) for governance, allowing users to bond tokens to participate in proposals and emissions voting. Reward emissions for liquidity providers and governors will follow a ve(3,3) dynamic model approximately 3-6 months post-launch.

Momentum's roadmap highlights its commitment to innovation:

• MSafe, DEX, xSUI, and Vaults: Already live.
• Perpetual DEX: Launching in Q1 2026.
• Token Generation Lab (TGL): Expected in Q1 2026.
• Momentum X Platform: Slated for Q2 2026.

Its long-term vision is to unite retail and institutional users into a seamless marketplace, bridging the gap between Web2 and Web3.