In the Sui ecosystem, six months ago, most people would have thought that Cetus was the overwhelming leader. But with the launch of the Momentum testnet in March this year, it has achieved a TVL of $558 million in just six months! It is said to account for 21% of the total TVL in the entire DeFi space, which is quite impressive.
Cetus, Turbos, and others are all good CLMMs, but @MMTFinance has adopted the ve(3,3) model, thus taking a completely different path.
By forming a stable flywheel structure through ve(3,3), 100% of the subsequent transaction fees will be returned to veMMT holders.
Additionally, there are xSUI liquid staking, Multisig treasury, cross-chain bridges, and more.
It feels like the entire Sui ecosystem is a mutually reinforcing "DEX battle," where each other's progress is paving the way for one another.
$mmt
@MMTFinance
@ChefMMT_X
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