In the cryptocurrency market, there are already hundreds of DEXs (decentralized exchanges). However, Momentum Finance (@MMTFinance), built on the Sui blockchain, is not just "another DEX." After its beta launch on March 31, 2025, it recorded a TVL of $558 million in just six months and reached third place among global DEXs with a daily trading volume of $1.1 billion. This project is built on a fundamentally different technological philosophy.
In most programming languages, a variable can be copied or deleted. For example, if you copy the code int balance = 1000 twice, it becomes 2,000. But real money doesn't work that way. If I take 1,000 won out of my wallet, that money should no longer be in the wallet.
The Move language implements this simple yet important concept at the language level. A special data type called Resource cannot be copied and can only be explicitly moved. Just like physical currency, it can only move from one place to another and cannot be created or destroyed in the air.
Why is this important? Traditional smart contract languages like Solidity do not have such constraints, allowing developers to accidentally mint tokens twice or permanently burn them. In fact, hundreds of millions of dollars in hacks in DeFi history have exploited these logical flaws.
Move prevents such mistakes at the compilation stage.
Momentum's CLMM contract consists of over 10,000 lines of Move code. An audit conducted by Movebit in October 2025 found no critical vulnerabilities. This is not a coincidence.
Move Prover has mathematically verified the following properties:
1. The amount of LP tokens issued when adding liquidity exactly matches the mathematical formula.
2. Fees are never double-charged.
3. Position NFTs can only be withdrawn by the owner.
These properties are not just "passed tests" but have been proven to always be True for all possible input combinations.
Additionally, in October 2025, Momentum launched a bug bounty program with HackenProof.
The reward structure is as follows:
Critical (potential fund theft): $20,000 - $200,000
High (logic errors, oracle manipulation): $2,000 - $20,000
Medium (denial of service): $500 - $2,000
Low (minor issues): $100 - $500
The maximum reward of $200,000 ranks among the top in DeFi protocols, demonstrating a serious investment in security. So far, there have been zero reported critical vulnerabilities.
I believe the biggest threat to DEXs is exploits, and I think Momentum Finance is working hard to make this probability close to zero and is on the right track.
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