From multi-signature to a global financial operating system: the milestone journey of @MMTFinance
From the MSafe multi-signature tool in 2022 to the prototype of a cross-chain RWA trading platform in 2025, Momentum Finance has created a clear milestone trajectory, achieving the most scarce growth curve in DeFi.
A 43x increase in TVL, a cumulative trading volume of 12.13B, and over 1.5 million users—these are not short-term speculations, but rather the step-by-step foundation of a "global financial operating system."
🧵 🧵 Today, I will take my friends along the timeline to see how Momentum started from scratch and gradually became the liquidity core of the Move ecosystem, as well as its ambition to bring traditional financial assets on-chain next. 👇
In August 2022, I first heard the name MSafe and thought it was just an ordinary multi-signature tool. I didn't expect it to later support over 700M in TVL and become a key infrastructure point in the Sui ecosystem.
At that time, @MMTFinance was still just a small team focused on solving security and signing experience issues on the Move chain.
In January 2023, a $5M Pre-Seed funding round led by Jump Crypto came out, which directly boosted my trust in this project: top-tier institutions were willing to bet on it, indicating they saw a bigger narrative. After that, Momentum began collaborating with the Sui Foundation and over 30 projects, gradually expanding the infrastructure into an ecological network.
March 31, 2025, left a deep impression on me— the launch of ve(3,3) DEX, with 35,000 active wallets and a pre-staked TVL of 500M, instantly upgraded it from a "tool" to a "trading platform." After the Cetus black swan in May, the TVL rebounded from 42M to 95M in five days, proving the protocol's resilience through user votes.
On June 26, @MMTFinance's TVL broke 100M for the first time, and I felt that the liquidity of this chain had finally matured; on July 28, the daily trading volume exceeded 100M, and the annualized fees reached 24.83M, truly establishing an institutional-level liquidity standard.
In August, AI-driven liquidity mining and the partnership with NODO went live, and I felt for the first time that they were not just chasing the market but starting to lead the trend.
As of today, the TVL has soared to 217M, with a cumulative trading volume of 12.13B and the number of users exceeding 1.5 million.
At this point, @MMTFinance has met all the conditions to transition from a single-chain DEX to a cross-chain financial operating system: ve(3,3) governance, cross-chain NTT bridge, AI strategies, and community consensus.
Next is the phase I am most looking forward to:
🔹 The second season of the WAGMI points airdrop + MMT TGE starting on October 15, which will hand over governance to the community for the first time.
🔹 By 2026, they aim to replicate multi-chain ve(3,3) across more chains and make cross-chain liquidity with Wormhole NTT a standard feature.
🔹 The long-term goal is to complete the on-chain integration of RWAs, allowing "cryptocurrency + stocks + government bonds + commodities" to be traded in one place.
Summary:
Along the way, I can feel that every milestone of @MMTFinance is not a single point of explosion, but rather a preparation for the next stage.
At this pace, breaking 500M in TVL by the end of the year is definitely not a fantasy. What excites me the most is that it may become the first platform to fully integrate traditional financial assets with on-chain DeFi, bringing the vision of a "global financial operating system" to fruition. Let's look forward to it together!
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