{"id":3445,"date":"2025-06-19T18:33:59","date_gmt":"2025-06-19T18:33:59","guid":{"rendered":"https:\/\/bitunikey.com\/news\/momentum-wormhole-okx-partner-to-boost-sui-network-liquidity\/"},"modified":"2025-06-19T18:34:00","modified_gmt":"2025-06-19T18:34:00","slug":"momentum-wormhole-okx-partner-to-boost-sui-network-liquidity","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/momentum-wormhole-okx-partner-to-boost-sui-network-liquidity\/","title":{"rendered":"Momentum, Wormhole & OKX partner to boost Sui network liquidity"},"content":{"rendered":"

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Momentum, a decentralized finance protocol built on Sui, is teaming up with Wormhole and OKX Wallet to boost cross-chain liquidity on the Sui network.<\/p>\n

The collaboration will see the Sui (SUI) blockchain benefit from an influx of billions of dollars in cross-chain liquidity, Momentum said in an announcement<\/a>.<\/p>\n

As part of this quest to bring further interoperability and functionality to Sui, Momentum will tap into Wormhole (W)\u2019s native token transfer framework\u00a0 and OKX\u2018s learn-to-earn platform OKX Cryptopedia.<\/p>\n

Momentum thus becomes the first decentralized exchange to support Wormhole\u2019s NTT-powered assets, bringing seamless, native asset transfers from across Ethereum Virtual Machine chains and Solana to Sui.\u00a0<\/p>\n

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Big news from @MMTFinance<\/a>. We\u2019re building with @wormhole<\/a> and OKX @wallet<\/a> to unlock billions in cross-chain liquidity for the @SuiNetwork<\/a> ecosystem.<\/p>\n

This is a major leap forward in development, and it\u2019s just the beginning.<\/p>\n

\u2014 Momentum (@MMTFinance) June 19, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

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Support for Gate, MEXC tokens <\/h2>\n

As a top interoperability protocol, Wormhole accounts for over $60 billion in all-time volume. The launch of NTT on Sui goes live with initial support for Gate Token (GT) and MEXC Token (MX). Momentum will also support Solana memecoin Bonk (BONK) as one of the first tokens in the Wormhole NTT to Sui initiative.\u00a0<\/p>\n

Meanwhile, OKX Cryptopedia is accessible via OKX Wallet, and its learn-to-earn program with a prize pool of more than $1 million will support Momentum and other Sui network players. <\/p>\n

Assets to be spotlighted will include xSUI, a newly-launched liquid staking token and xBTC, a wrapped Bitcoin (BTC) token on OKX.<\/p>\n

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\u201cBy bringing our Native Token Transfers framework to Sui, we\u2019re enabling seamless cross-chain liquidity flows that will strengthen Momentum\u2019s market positioning as they are able to support new native assets and attract new liquidity,\u201d Dan Reecer, co-founder of Wormhole Foundation, said in a statement.<\/p>\n<\/blockquote>\n

The partnership will seed the supported token pairs on Momentum to boost the protocol\u2019s total value locked, with this going live ahead of the network\u2019s launch of the bridge in September.<\/p>\n

Momentum launched in beta on March 31, 2025, with growth momentum sending its TVL to an all-time high of over $95 million within 10 weeks. The project recently raised a strategic round at a $100 million valuation led by OKX Ventures, and participation of the venture capital arms of Coinbase, Gate.io, KuCoin and MEXC crypto exchanges.<\/p>\n

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