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Alpha

Momentum $MMT Community Offering

Momentum DEX, Sui’s leading DeFi exchange, is launching its $MMT token through a community-first sale on Buidlpad. With no vesting, strong investor backing, and deep ecosystem ties, it marks a defining moment for Sui’s growing liquidity landscape.

ICOBuidlpad
11 Oct, 202510 min readbyDropsTab
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Quick Overview


  • $MMT Sale: $4.5M community raise via Buidlpad with dual-tier pricing.
  • Instant Unlock: 100% liquidity at TGE, no vesting or lock-ups.
  • Ecosystem Strength: $550M TVL, 2.1M users, and $18B in trading volume.
  • Investor Lineup: Backed by Coinbase Ventures, Jump Crypto, OKX Ventures.
  • Next Phase: Expanding into AI-powered DeFi via DeAgentAI initiative.

The $MMT Token Sale: A Community-First Launch


Momentum’s MMT sale doesn’t follow the usual “VC-first” playbook. It’s structured like a loyalty program for the people who’ve been there since day one — the liquidity providers, early stakers, and content builders who actually shaped the platform.


The offering runs on a two-tier model. Tier 1 sets the price at a $250 million FDV, open only to users who locked at least $3,000 in Momentum pools via Buildpad HODL campaign before October 25, 2025 (02:00 UTC). Tier 2 opens later at a $350 million FDV, available to the general public after KYC.


$MMT community offering details
Source: https://x.com/MMTFinance — $MMT community offering details

Contribution caps are designed to keep the sale balanced — $50–$2,000 for most, and up to $20,000 for verified power users. Roughly 30% of the sale is carved out for the creators and community members submitting original content during October 15–22 — a nod to those driving Momentum’s visibility rather than its capital.


And here’s the kicker: no vesting, no cliffs. Every token sold unlocks 100% at TGE, giving participants instant liquidity — a rare move that signals confidence, but also adds a layer of intrigue to what happens next.


In a follow-up update on October 10, Buildpad introduced a “Priority Allocation Campaign,” allowing participants to form teams and compete for higher allocation chances based on group performance — another community-centric twist to the $MMT sale model.


HODL Pool Qualification


Momentum’s presale wasn’t just a sign-up form — it was a stress test for loyalty. From September 26 to October 19, 2025, users joined the Pre-TGE HODL campaign, locking assets like SUI, USDC, LBTC, wBTC, xBTC, and xSUI. Yields climbed as high as 155% APY, but the real prize was Bricks points — the ticket to the MMT presale.


By the campaign’s close, more than $277 million in new TVL had poured into Momentum, signaling strong conviction ahead of launch. To qualify for the Tier 1 allocation, users needed at least $3,000 staked in eligible pools by the October 25 snapshot — a filter that rewards those who actually contribute liquidity, not just opportunists showing up for the sale.


The rest is all about timing. KYC and registration open October 22–25, followed by a tight two-day contribution window on October 27–28. Final settlements wrap up by October 31, marking the end of a process built to put genuine users — not bots or insiders — at the front of the line.


Full participation details — including accepted assets, claim fees, and eligibility rules — are available on the Momentum Activities page on DropsTab.

Momentum’s Core Product


Momentum isn’t just another automated market maker. It’s Sui’s largest DEX, built around a concentrated liquidity engine and a hybrid ve(3,3) model — a setup that ties liquidity, governance, and incentives into one self-reinforcing loop. Since its beta debut in March 2025, the platform has already moved $18 billion in cumulative volume and onboarded more than 2.1 million users.


Momentum DEX Volume and TVL
Source: https://defillama.com/protocol/momentum — Momentum DEX Volume and TVL

At its core, Momentum is an engineering showcase for Sui’s parallel execution layer. It uses the Move programming language to unlock near-instant trades, smart routing, and seamless composability. Around it sits an expanding ecosystem: Momentum DEX for spot markets, MSafe for multi-sig treasury management, xSUI for liquid staking, and Momentum X, where real-world assets meet tokenization.


Momentum X uses a modular verification framework that keeps identity and transaction logic separate. When users submit trades through dApps, the Momentum X API validates eligibility using zero-knowledge proofs generated by Seal and encrypted via Walrus, ensuring KYC compliance without revealing personal data.


How transaction verification works
Source: https://docs.mmt.finance/core-products/momentum-x/overview — How transaction verification works

Its concentrated liquidity design lets LPs deploy capital within narrow price bands, squeezing more yield from each dollar while deepening order books across Sui-native pairs. In short — the infrastructure’s built for scale, not hype.


Ecosystem Components


Momentum’s integrations with OKX Wallet, Bitget Wallet, and Wormhole give it a head start on distribution few new DEXs enjoy. Cross-chain access extends liquidity flow beyond Sui, letting users bridge from Ethereum and BNB ecosystems. That reach could prove critical as trading volumes migrate toward multi-chain DeFi environments.


Momentum’s liquidity ecosystem
Source: https://docs.mmt.finance/core-products/tgl/overview — Momentum’s Liquidity Ecosystem

Institutional Backing


Momentum didn’t just capture retail attention — it caught the eyes of some of crypto’s sharpest institutions. Its backers include Coinbase Ventures, Circle Ventures, Jump Crypto, OKX Ventures, and the Sui Foundation — a lineup that reads like a who’s who of early DeFi success stories.


Momentum fundraising rounds
Momentum fundraising rounds

When OKX Ventures joined in June 2025, Momentum had only been live for two months but was already boasting $70 million in TVL and $3 billion in trading volume. The fund called it “a fast-rising star within the Sui realm” — and that early confidence looks well-placed now.


Then there’s Jump Crypto — arguably the most influential name on the list. Known for its market-making reach and history of scaling protocols from zero to dominance, Jump’s involvement signals more than just financial backing. It brings infrastructure, liquidity expertise, and connections that can shape how Momentum grows beyond Sui’s borders.


Together, these investors give the project what most DEXs lack: credibility and reach — the kind that can bridge retail momentum with institutional depth.


Momentum investors
Momentum investors

Buidlpad Oversubscription Data


If the numbers from Momentum’s Pre-TGE HODL campaign are any indication, the market’s already paying attention. In just a few weeks, users poured in $277 million in new TVL — not for instant rewards, but for the chance to qualify for the presale. That kind of commitment doesn’t happen without conviction.


Buildpad’s official update on October 7 (see X post) highlighted just how quickly that traction formed: over $222 million staked across Sui, BTC, and stablecoin pairs by more than 85,000 wallets in the first 11 days.


That early surge mirrored patterns seen across other Buidlpad launches, where strong community participation often preceded multi-x oversubscription events. Falcon Finance, for instance, opened a $4M community sale in September 2025 with dual FDV tiers, Boosted Yield perks, and USD1 exclusivity — a structure designed to reward loyal users while raising entry barriers for new ones. That launch attracted $112.8 million in subscriptions — 28x oversubscription.


Lombard’s BARD token hit 1,400%, with $94.7 million pledged for a $6.75 million raise. Even smaller launches like Solayer and Sahara drew 5–9x oversubscription and triple-digit TGE gains.


In other words, Momentum’s setup has all the same signals that preceded those breakouts — high TVL inflow, community staking, and a clear demand-supply mismatch. Whether history repeats or just rhymes, early momentum (pun intended) is clearly on its side.


What Comes After the Launch


Momentum’s tight link to Sui is both strength and weakness. The DEX rises with the network, but it also falls with it. If Sui’s growth stalls, so does the liquidity engine built on top of it. Competitors like Cetus and Bluefin (which already holds $189M TVL) aren’t standing still either — and they’re chasing the same liquidity and traders Momentum depends on.


Once MMT goes live, the real test begins. Early market reactions will show whether the community-first sale translates into lasting liquidity.


The bigger narrative, though, is Momentum’s move into AI-driven DeFi. Through its investment in DeAgentAI, the team is positioning to connect trading and intelligence layers on Sui — a potential edge if those two worlds converge.


Over time, Momentum’s challenge will be maintaining DEX dominance while evolving into a full DeFi infrastructure layer. If it executes, MMT could shift from a launch token to a long-term utility core of the Sui ecosystem.

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Disclaimer: This article was created by the author(s) for general informational purposes and does not necessarily reflect the views of DropsTab. The author(s) may hold cryptocurrencies mentioned in this report. This post is not investment advice. Conduct your own research and consult an independent financial, tax, or legal advisor before making any investment decisions.