With prices surging and sentiments soaring, the Sui Foundation-backed Momentum DEX is offering traders a lucrative opportunity to capitalize on the ongoing market momentum and win big through its WAGMI Trading Competition.
This competition, which will run from June 16 to Sept. 8, will mark one of the largest airdrops in the history of Sui, a first-of-its-kind L1 blockchain and smart contract platform to build innovative & user-friendly experiences.
As the Sui Network (SUI) experiences strong stablecoin inflows, a sharp increase in user activity across the ecosystem, and integration with Microsoft Fabric, Momentum, with its multi-sig liquidity layer, is all set to drive the next wave of DeFi innovation and adoption.
With its campaign, the fastest-growing DeFi protocol on Sui will be making its final move towards its Token Generation Event (TGE), which is currently the most anticipated DeFi launch of 2025.
Momentum was first launched in beta on March 31, and within a month of its inception, it surpassed $1 billion in total swap volume.
Today, the protocol boasts the top position on Sui, having achieved over $4.5 bln in swap volume, more than $91 million in TVL (total value locked), and about half a million unique on-chain users.
During the 12-week period, traders and liquidity providers will earn “Bricks,” non-transferable points that will be converted into airdropped protocol tokens at TGE.
By rewarding participants for their meaningful contributions to TVL growth and swap activity, Bricks will align incentives for those adding to the protocol’s long-term value and helping make Momentum a roaring success.
“This campaign is more than a trading competition — it’s our way of recognizing and rewarding the early believers,” said a Momentum core contributor. “With support from the Sui Foundation and alignment with blue-chip protocols, we’re building a launch that will define the next cycle.”
As the flagship ve(3,3) DEX of Sui, Momentum inherits the legacy of Curv, which added over $18 billion in market cap in under 9 months. Momentum aims to replicate and evolve this strategy with a fresh, community-first approach tailored to the Sui ecosystem.
With the DeFi sector seeing renewed attention and capital inflow, Momentum, with its reduced slippage, token incentives, juicy rewards, and the upcoming WAGMI Trading Competition, is ready to take charge of DeFi on not just Sui but across the entire crypto landscape.
