In the fast-paced world of DeFi, where projects often rely on hype and massive marketing budgets to gain traction, Momentum Finance stands out as a refreshing example of organic growth. A recent tweet from @thedefiedge highlights this story, shedding light on how some of the most successful platforms build momentum (pun intended) through genuine utility rather than forced virality.
The tweet points out a key observation: "Ever notice how the most viral projects don’t even try to go viral? They blow up because people keep coming back." This rings especially true for Momentum Finance, a decentralized exchange (DEX) built on the Sui blockchain. For those new to the term, a DEX is essentially a platform where users can trade cryptocurrencies directly with each other without needing a central authority, like a traditional stock exchange but on the blockchain.
What makes Momentum Finance's journey so compelling? It started with a focus on core features that users actually need: deep liquidity (plenty of assets available for trading without massive price slips), attractive yields (rewards for providing liquidity), and a smooth user experience (UX) that doesn't frustrate beginners. As a result, it became a go-to spot on Sui, especially for launching new tokens native to the chain.
The numbers speak for themselves:
- Over $20 billion in trading volume to date
- Total Value Locked (TVL) peaking at $550 million, currently around $500 million (TVL refers to the total amount of assets staked or locked in the protocol)
- More than 2 million unique users
- Established as the top liquidity venue for Sui-native projects
This growth happened organically—think word-of-mouth among friends or communities sharing tips in Telegram groups. No aggressive ad campaigns or influencer shoutouts; just a product that works well enough to retain and attract users.
Now, building on this success, Momentum Finance is launching its native token, $MMT, through a presale that's as community-focused as the platform itself. Unlike many token launches that favor venture capitalists (VCs) with discounted access, this one puts users first. It's happening on Buidlpad, a platform designed for fair launches.
Here's how it breaks down:
- Early Access for Real Contributors: If you've used or staked on Momentum (via their HODL or WAGMI features), you get priority in Tier 1. This rewards those who helped build the ecosystem.
- Pricing Tiers: Tier 1 starts at a $250 million fully diluted valuation (FDV), which is the total market cap if all tokens were in circulation. Tier 2, open to everyone after KYC (Know Your Customer verification for compliance), is at $350 million FDV.
- No Vesting Games: All tokens are 100% unlocked at the Token Generation Event (TGE), meaning you get full access right away—no waiting periods or cliffs that often dilute value.
- Timeline: Contributions open on October 27, with a snapshot (a record of eligible wallets) on October 25.
This approach is rare in today's crypto landscape, where many projects prioritize big investors over the community. As @thedefiedge notes, it's a nod to the users who turned Momentum into Sui's liquidity powerhouse.
For blockchain practitioners diving into meme tokens and beyond, stories like this underscore a vital lesson: Sustainable growth comes from utility and community trust, not just memes or hype. If you're on Sui or exploring DeFi, keeping an eye on @MMTFinance could offer valuable insights—and perhaps an opportunity to join a project that's doing things differently.
Whether you're a seasoned DeFi user or just starting, understanding these dynamics can help you spot the next big thing early. What do you think—will community-first launches become the new standard?