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crypto.news 2025-06-19 18:31:52

Momentum, Wormhole & OKX partner to boost Sui network liquidity

Momentum, Wormhole & OKX partner to boost Sui network liquidity

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. 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 . As part of this quest to bring further interoperability and functionality to Sui, Momentum will tap into Wormhole ( W )’s native token transfer framework and OKX ‘s learn-to-earn platform OKX Cryptopedia. Momentum thus becomes the first decentralized exchange to support Wormhole’s NTT-powered assets, bringing seamless, native asset transfers from across Ethereum Virtual Machine chains and Solana to Sui. Big news from @MMTFinance . We’re building with @wormhole and OKX @wallet to unlock billions in cross-chain liquidity for the @SuiNetwork ecosystem. This is a major leap forward in development, and it’s just the beginning. — Momentum (@MMTFinance) June 19, 2025 You might also like: Sui rallies past $1.75B TVL as bitcoin and stablecoin flows spike Support for Gate, MEXC tokens 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. 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. Assets to be spotlighted will include xSUI, a newly-launched liquid staking token and xBTC, a wrapped Bitcoin ( BTC ) token on OKX. “By bringing our Native Token Transfers framework to Sui, we’re enabling seamless cross-chain liquidity flows that will strengthen Momentum’s market positioning as they are able to support new native assets and attract new liquidity,” Dan Reecer, co-founder of Wormhole Foundation, said in a statement. The partnership will seed the supported token pairs on Momentum to boost the protocol’s total value locked, with this going live ahead of the network’s launch of the bridge in September. 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. You might also like: LayerZero price dips ahead of fee vote, huge ZRO token unlock

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