OKX Wallet and Momentum launched xBTC incentive campaign, TVL increased to $140 million in two weeks

Odaily Planet Daily News The xBTC incentive campaign launched by OKX Wallet and Momentum has been online for two weeks, with a total prize pool of 1 million US dollars. Users can inject xBTC-USDC and xBTC-SUI liquidity pairs into the decentralized trading platform Momentum through the OKX Wallet event area to participate in the reward sharing. Data shows that as of now, the event has attracted more than 578,000 users to participate, and the TVL of the Momentum platform has increased from 65 million US dollars two weeks ago to 140 million US dollars, an increase of 115%, and the total transaction volume has also increased from 4 billion US dollars to 5.8 billion US dollars, a month-on-month increase of 45%. This cooperation not only improves the liquidity of Bitcoin assets on the Sui chain, but also successfully promotes the on-chain release of OKX centralized assets, further building an asset bridge between CeFi and DeFi. The jump in TVL shows that Momentum has the liquidity aggregation ability and strong growth potential in the Sui ecosystem, and is gradually establishing its market position as the core DEX on Sui.