Momentum (ticker MMT) is a DeFi protocol and token built on the Sui blockchain. It aims to be the core liquidity layer for Sui, combining a DEX, liquid staking, yield vaults, and launch/IDO tooling into a single platform instead of being “just another DEX coin.”
Momentum actually started life as MSafe, a multisig wallet and treasury-management tool on Sui that focused on secure custody for teams and DAOs. As the team built infra around Sui and saw where the liquidity bottlenecks were, they expanded from “just multisig” into a full liquidity hub and rebranded to Momentum (MMT).
The project is built on Sui’s Move-based, high-throughput architecture, and positions itself as the place where most serious DeFi liquidity on Sui should eventually flow. It’s backed by a set of well-known crypto investors (including names like OKX Ventures, Coinbase Ventures, and Circle’s venture arm), which helped it gain traction early within the Sui ecosystem.
Momentum is designed as an “all-in-one” DeFi stack on Sui:
Momentum DEX (CLMM) – A concentrated-liquidity DEX (think Uniswap v3–style ranges) where LPs choose price bands to deploy capital more efficiently, while traders get tighter spreads and lower slippage.
xSUI liquid staking – Users stake SUI and receive xSUI, a liquid token that continues to earn staking rewards while still being usable across DeFi (trading, collateral, farming, etc.).
Vaults & strategies – Momentum runs yield strategies that bundle things like LP fees, incentives, and on-chain opportunities into more automated products.
MSafe multisig – The original MSafe product remains integrated as a multi-signature treasury system for DAOs, teams, and treasuries on Sui.
Cross-chain via Wormhole – Momentum connects to other chains using Wormhole, so Sui users can trade and LP with wrapped assets from other ecosystems.
On-chain usage stats from ecosystem write-ups put Momentum at billions in cumulative trading volume and large TVL relative to Sui’s size, making it one of the primary DeFi endpoints on that chain.