Understand Momentum Finance ( MMT ) at a glance: Sui network Liquidity engine, HODL Yield event ignites the eve of TGE.

Momentum Finance ($MMT), as the flagship DeFi platform on the Sui network, recently launched the HODL Yield Campaign, attracting over $30 million in deposits within the first hour, driving the TVL to soar to $210 million and cumulative volume surpassing $12 billion. Currently positioned as the liquidity leader in the Sui ecosystem, its "sustainable yields + community-driven" narrative stands out in the 2025 DeFi recovery wave, especially against the backdrop of the overall Sui TVL reaching $2.55 billion. The project locks in user loyalty through high APY (up to 155%) and Bricks rewards mechanism, indicating that the TGE (expected in October) will trigger a new round of rise.

Fundamental Analysis of the Ecosystem

Total Locked Value (TVL), Trading Volume, User Activity: The TVL of Momentum has rapidly climbed from 80 million USD in June 2025 to the current 210 million USD, with a monthly growth rate exceeding 150%, benefiting from the liquidity injection of the HODL Yield Campaign. In terms of trading volume, the cumulative swap volume has reached 12 billion USD, with an average daily trading volume of about 50 million USD, continuing to expand from the peak of 595 thousand USD in the first half of the year. User activity is strong, surging from 35 thousand active wallets in April to 420 thousand in June, with monthly active users accounting for over 10% of the Sui ecosystem, reflecting explosive growth in community participation. Analysts believe that this trend is supported by the high-performance primitives of Sui and expect that the TVL will further break through 500 million USD after the TGE.

Unique Positioning and Technical Features: Momentum Finance positions itself as the "Liquidity Operating System" of the Sui network, focusing on DEX and yield farming under the ve(3,3) model, supporting seamless swaps and multi-asset liquidity pools (such as SUI-USDC, LBTC-wBTC), and integrating cross-chain vaults to implement multi-chain strategies. Technical highlights include the DeepBook CLOB order book and programmable liquidity primitives, ensuring low slippage and high TPS, suitable for high-frequency trading and RWA tokenization. Compared to Hyperliquid (an L1 focused on on-chain perpetual contract DEX that supports the USDH stablecoin), Momentum places greater emphasis on liquidity aggregation and sustainable yield generation rather than derivative leverage. Hyperliquid leads in TVL (over $1 billion) and trading depth, but Momentum's Sui-native optimization makes it more inclusive in emerging market yield farming, although caution is needed as Hyperliquid's stablecoin competition may siphon off DeFi traffic.

Advantages and Disadvantages of Token Economic Model: The total supply of $MMT is expected to be 1 billion tokens, with allocations including 20% for community airdrops (for LP and stakers), 30% for ecosystem incentives, and 25% for the team/investors (locked for 2-4 years). The value accumulation mechanism is achieved through a 50% buyback and burn of protocol fees linked to governance rights, tied to liquidity growth. The advantages include a low inflation design and the Bricks point system (used for airdrops and future perks), encouraging long-term holding and binding with the Sui ecosystem; the disadvantage is high uncertainty before TGE, and if liquidity lags, it may trigger unlocking dilution. Market views suggest that this model is highly innovative in Sui DeFi, but it must guard against inflationary pressures similar to yield protocols.

Technical Analysis and Development Forecast

Price Trends and Key Chart Patterns: $MMT is in the pre-TGE phase, with a pre-sale market FDV of approximately $250 million (based on a 10x financing valuation). It has accumulated strongly over the past week, forming a bullish flag pattern, driven by the HODL Campaign and TGE expectations. The key support level is at $0.20 (early investor price), and the resistance level is at $0.35 (TGE opening expectations). The trading volume surged by 120%, reflecting the community hype accumulation.

Technical Indicator Interpretation: The RSI hovers between 58-62, indicating neutral to bullish momentum, not reaching the overbought threshold, which is beneficial for continuous accumulation before TGE. The MACD shows a bullish crossover, and the positive histogram indicates an increase in buying pressure; the weekly trading volume has risen by 80%, consistent with the 75% bullish sentiment on the X platform, but caution is needed regarding the overall correction of the Sui ecosystem. The combined indicators support short-term optimism, suggesting that TGE will amplify upward pressure.

Price Prediction and Target Range: Based on the presale FDV and the launch of similar Sui DEX (such as the TVL doubling of Cetus), the initial range for $MMT after TGE is $0.25-0.40, assuming moderate unlocking dilution. Combined with MACD signals and liquidity injection from yield campaigns, if the TVL breaks through $300 million, the target within 3-6 months is $0.60-0.90, based on the macro tailwind of Sui DeFi TVL (expected to reach $3 billion in Q4) and the Bricks airdrop catalyst. Downside risk to $0.18 if market volatility increases.

Summary of Opportunities and Risks

Bullish Catalyst:

• TGE and Exchange Listing: The TGE in October and potential mainstream CEX listing may trigger a liquidity influx driven by Bricks airdrop.
• Strategic Cooperation: Expand RWA integration with BuidlPad and Sui ecosystem partners to promote yield diversification.
• Market Trends: Sui TVL exceeds $2.5 billion, and the demand for DeFi yield strengthens the liquidity narrative of Momentum.
• New Feature: Cross-chain vaults and AI agents are now live, which will attract institutional funds and double the TVL.

Risk Factors: Intense competition, such as Sui yield protocols like Cetus and Bluefin, may seize market share. Regulatory changes targeting DeFi yield (such as the impact of MiCA on Sui) or stablecoin scrutiny may delay TGE. Technical risks include liquidity pool vulnerabilities or congestion on the Sui network; under market volatility, pre-TGE enthusiasm is easily turned into sell-offs.

Conclusion

In the DeFi frenzy of the Sui network, Momentum Finance acts like a precision engine, quietly igniting the fire of liquidity—from the 155% APY carnival of HODL Yield to the Bricks reward feast before the TGE. It is not just a protocol, but a bridge between users and future value. Imagine, when $210 million TVL transforms into the pulse of the ecosystem, are you ready to bet on this sustainable growth gamble? In the intertwining world of opportunities and uncertainties in crypto, Momentum reminds us: true alpha never comes from the noise, but from that belief in liquidity—are you ready to join this movement?

Disclaimer: The above analysis is based on existing data and market trends for reference only. The cryptocurrency market is highly volatile, and investment should be approached with caution. It is recommended to make decisions considering personal risk tolerance.