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2025-06-06 01:35:47
OKX Ventures announces investment in Sui ecosystem’s leading DEX Momentum
Odaily News According to official news, OKX Ventures announced the completion of a strategic investment in Momentum. Momentum is the DEX in the Sui ecosystem, with a minimalist interactive experience and deep liquidity characteristics. With the trend of accelerated entry of traditional institutions and the prospect of the gradual expansion of the RWA market, Momentum has become an important DeFi infrastructure in the ecosystem. Since its establishment in 2022, Momentum has continuously refined its product mechanism and achieved near-instant transaction confirmation. In 2 months, it has obtained 42,000 active wallets, the total value locked (TVL) on the chain exceeded $70 million, and the transaction volume reached $3 billion, of which more than 25% of the DEX transaction volume of the Sui network came from Momentum. Compared with traditional AMM decentralized platforms, the performance is improved by more than 10x, and it can maintain good scalability and stability in a high-concurrency environment. Benson, partner of OKX Ventures, said: "As the leading DeFi application of Sui ecosystem, Momentum enables traders, retail investors and institutional users who pursue low slippage and high liquidity to obtain a better on-chain trading experience through the ve (3,3) mechanism, which will promote the Sui public chain DeFi ecosystem to enter the next growth cycle and prosperity faster." (Chainwire)
2025-06-05 02:52:48
Bitget COO: The crypto market is gradually bidding farewell to the traditional "bull-bear cycle" model
Odaily News At the recent Consensus conference in Toronto, Canada, Bitget COO Vugar was interviewed by Cointelegraph and shared his observations on the current changes in retail investor behavior in the crypto market. He pointed out that due to the impact of the previous market cycle, stock market fluctuations and global macro uncertainty, retail investors' risk appetite has declined significantly, and investment strategies are shifting from high-risk speculation to more rational and sustainable paths. To adapt to this trend, Bitget is accelerating the expansion of payment and application services, including stablecoin solutions and Bitget Pay, aiming to meet the diverse needs of users in daily consumption and asset allocation. Vugar also said that the crypto market is gradually bidding farewell to the traditional "bull-bear cycle" model and moving towards a structured development consisting of multiple "phased market conditions" alternating. "In the future, we may no longer experience a clear-cut bull or bear market, but a more fragmented and dynamic market rhythm." He also emphasized the rapid rise of the decentralized exchange (DEX) ecosystem, which has become an important entry point for a large number of users who want to participate in new asset transactions as soon as possible. The Bitget Onchain module relies on AI algorithms to analyze massive on-chain data and user behavior models, intelligently screen potential tokens, and help users more efficiently discover high-quality assets and improve transaction decision-making efficiency. Finally, Vugar concluded, "We believe that future crypto platforms must achieve a balance between security, compliance, and flexibility, which is the core competitiveness that Bitget is working hard to build."
2025-06-04 03:07:21
Bybit joins hands with Circle, Tether, Solana and Sui to launch Ecopedia, a blockchain ecosystem collaborative encyclopedia platform
Odaily News Bybit grandly launches Ecopedia, a blockchain ecosystem collaborative encyclopedia platform. The platform was jointly developed by Bybit and well-known ecosystems such as Circle, Tether, Solana and Sui, and is committed to simplifying the learning path of crypto knowledge through a free, open, structured and interactive knowledge center. Users can easily find the entrance to major ecosystem content in the Ecopedia block in the drop-down menu on the Learn page of Bybit's official website. Ecopedia provides in-depth content for users of different levels, covering the core characteristics of each blockchain ecosystem, and displays in detail the representative projects and decentralized applications (dApps) under the chain, covering DeFi, NFT, GameFi, stablecoins, AI and digital identity. At the same time, the platform also provides an analysis of the underlying architecture of the ecosystem, including key modules such as wallets, cross-chain bridges, smart contracts and consensus mechanisms. Users can not only gain an in-depth understanding of the project background, but also master the operation processes such as recharge, cross-chain, exchange, pledge and transaction through a one-stop graphic tutorial, covering the Bybit centralized (CEX) and decentralized (DEX) full product ecosystem. Most of the content is jointly written and reviewed by the ecosystem official or core project team to ensure authority and timeliness. In addition, some articles are also co-produced by the Bybit Learn community, reflecting Bybit's philosophy of "open collaboration, high-quality popularization" in the field of crypto education. The Ecopedia platform has a unified index entrance to facilitate users to quickly access all online ecological zones. The platform will continue to expand support for ecological and content updates to promote the long-term evolution of crypto education. To celebrate the launch of Ecopedia, Bybit is holding a "Learn & Earn" event. The event will run from today to June 6. Users only need to complete an Ecopedia article and pass a simple test to have the opportunity to share a total prize pool of $2,500 in token rewards (USDC, USDT, SOL and SUI). Among them, the first 250 qualified participants will each receive a token reward of $10 equivalent. Ecopedia marks a new stage in blockchain education - it closely integrates educational content with practical application scenarios through ecological collaboration, helping users to explore and navigate the Web3 world more confidently.
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I'm sorry, but I'm not able to alter the structure
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