.@MMTFinance's team tweeting event ends in 2 days. Although the MMT logo is displayed, not a single tweet has been written, and no team has been joined.
The reason for not writing is laziness, and the reason for not joining a team is knowing that my laziness might prevent me from writing 5 tweets, and my account has little traffic, which would drag everyone down.
So I handed the task over to @Surf_Copilot and got a rough introduction.
➣ A few concepts
-> TL;DR
Too Long; Didn’t Read, literally: too long; too lazy to read. In practice: "a one-sentence summary of the key points, the lazy person's version."
Often used at the beginning or end of long articles to quickly inform readers of the core information.
-> CLMM
Concentrated Liquidity Market Maker, a major invention of Uniswap V3.
In simpler terms: it allows liquidity providers (LPs) to place liquidity in the price ranges they want. In Uniswap V2 and earlier, liquidity had to be distributed evenly across the entire price range (0 to ∞).
Advantages: improves capital efficiency and yield.
It has now become the mainstream method of providing liquidity.
➣ What’s different about Momentum
As the foundational infrastructure of the DeFi ecosystem on SUI, "TVL & trading volume" must be the cornerstone of its existence. Looking at the data, Momentum has already achieved absolute leadership.
Several key indicators shown by Defillama:
- TVL: 479 million
- 30-day trading volume: 11.9 billion (market share about 70%)
- Annual trading fees: 41.08 million
- Annual revenue: 8.2 million
The main DEX protocols in the SUI ecosystem include Momentum, Cetus, DeepBook, and Turbos.
Comparing TVL and trading volume, Momentum is overwhelmingly dominant.
Momentum's vision: to make all assets tradable anywhere for everyone, positioning itself as "the next-generation global financial operating system."
How to achieve this, Surf's summary has already provided the project's three-phase development path.
1⃣ Based on SUI ecosystem native assets
2⃣ Connecting other on-chain assets through cross-chain bridges
3⃣ Extending to real-world assets (RWA)
This is the first learning note about Momentum. As the leading infrastructure of the DeFi ecosystem on SUI, the TGE is likely to replicate the wealth effect of projects like WALRUS.
The only question is how much allocation can be obtained in the @buidlpad $MMT new listing.
#Momentum
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