Momentum Launches Perp-DEX on SUI in Collaboration with Aster

Momentum Finance has announced the launch of its Perpetual Decentralized Exchange (Perp-DEX) named Momentum Perp, which will operate on the SUI blockchain. The project is being implemented jointly with Aster, integrating all developments from AsterDEX to create a highly efficient trading platform. This will be the first full-fledged Perp-DEX on SUI, opening new opportunities for traders in the field of decentralized derivatives.

According to the Momentum team, the platform is inspired by the Hyperliquid model and will utilize Aster's backend and risk engine to ensure capital efficiency, cross-chain access, and privacy. Key features include real portfolio margining, cross-collateral risks, efficient liquidation logic, and volatility monitoring. Momentum Perp will allow traders to use native SUI assets (such as USDC, SUI or wBTC) as collateral for leveraged trading of any assets with multi-chain support. Thanks to SUI's sub-second finality, the platform promises speed similar to centralized exchanges (CEX), but with DeFi transparency.

"We are creating the best trading experience in DeFi, combining CEX speed, on-chain transparency, and reliable risk management" stated Momentum.

The project is positioned as an evolution of perps, with a focus on protecting traders and liquidity providers. Objectively, this is the first such project on SUI, and given the perp-platform trend, seasons with drops and other incentives for users are likely to appear soon, as is typical for such initiatives.

We have already written about the Aster project on our site, highlighting its role as a multi-chain DEX for perps and spot trading with leverage up to 100x. Aster, which recently underwent listing on Binance, is known for its efficiency and trading volume exceeding $100 million in a short period, making it an ideal partner for Momentum.

It is worth noting that Momentum recently held a successful sale of $MMT tokens on the Buildpad platform, which raised an impressive $82.7 million and was oversubscribed in just an hour. This demonstrates high interest from the community and investors, including giants like Coinbase, Circle, and OKX Ventures. The sale occurred in October 2025 with full unlock on TGE and accepted contributions in BNB and SUI, providing ROI from 2x to 5x for participants in similar campaigns on the platform.

The launch of Momentum Perp is expected in the near future, and it could become a catalyst for the growth of the SUI ecosystem, which has already reached $2.6 billion TVL.