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Sui DEX Momentum Teases Expansion Plans After Hitting $100 Million in Daily Volume

Sui DEX Momentum Teases Expansion Plans After Hitting $100 Million in Daily VolumeThe Defiant1 min read
Sui DEX Momentum Teases Expansion Plans After Hitting $100 Million in Daily Volume

Daily trading volume on Momentum Finance, a decentralized exchange (DEX) on the Sui blockchain, has surpassed $100 million.

As of press time, Momentum’s total value locked stands at $156.4 million, ranking it as the sixth-largest protocol and the largest DEX on the Sui network, according to data from DefiLlama. Sui’s decentralized finance (DeFi) ecosystem has also continued to expand, with total TVL reaching $2.26 billion and the stablecoin market cap surpassing $1 billion.

Table showing Top 10 protocols by TVL on Sui.

To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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