On October 11th, that needle that made people question life, "the fragility of the order book model" was directly nailed into the blockchain record. While everyone was still discussing which platform is safe and has depth in the order book, reality tells you: Order book liquidity = Market maker sentiment + Degree of high-frequency algorithm online. Once they cancel orders, the order book is just an empty shell, Everyone is suddenly standing on the edge of a cliff waiting to dive. This is not a system problem; it is the original sin of the mechanism. The difference between AMM and order book is illusory liquidity VS real locked assets. Orders are still there, prices still seem stable, but in fact, it is the algorithm holding up the facade. When real turmoil occurs, the robots instantly flash away, leaving a gaping vacuum. And AMM, even if no one places orders, the liquidity in the pool will not disappear into thin air. The system algorithm will continuously provide price continuity, even during a crash. So this flash crash is actually the self-evident moment of the AMM model: Only pools with locked assets can be called liquidity. Momentum @MMTFinance: It is not a DEX, but the liquidity engine of SUI. It is not here to run alongside; it is here to price. Concentrated liquidity AMM + Native implementation of Move language The ve(3,3) mechanism directly transforms funding motives. The goal is to determine who will price the ecological assets of SUI. Once the ve(3,3) flywheel starts turning, the path is very clear: --> Deeper liquidity, lower slippage --> Better trading experience, trading volume naturally increases --> More trading fee income, higher voting returns --> MMT / SUI / ecological tokens gain real buying pressure --> Valuation recognized by the market, asset prices rise --> Ecological assets begin Auto-Pilot mode to attract funds --> Positive spiral, continuously pushing Sui's volume upwards. However, Momentum is laying out a complete set of liquidity infrastructure layers: --> Momentum X: Identity verification + On-chain compliance + RWA cross-chain circulation standards. KYC once, universal across the network. Compliance logic written into contracts. RWA can merge market depth across different chains, this is what traditional finance desires most. --> Token Generation Lab: A token issuance platform, it is an "issuance logic + incentive structure laboratory." --> Vaults: New LP manager / DeFi portfolio module infrastructure. --> xSUI: Adding liquidity attributes to the SUI body. Of course, the core asset layer deserves to have its own LST. --> MSafe: Multi-signature layer, giving all financial actions the sense of ceremony that financial institutions should have. Reality progress: Only 6 months since launch, data has already surpassed peers: TVL of 460 million USD, first in the entire SUI chain. Historical transaction volume > 2.1 billion USD. 7-day and 30-day transaction volumes dominate the charts. Over 2 million users. The key point is that the ve(3,3) flywheel has not yet started, and the RWA module is still in a dormant state. If we are to talk about valuation, then don't compare it with low-dimensional samples. The technical route benchmarks Aerodrome / Velodrome. The underlying financial paradigm is closer to "NYSE + Citadel": Infrastructure + Market-making authority control. What Momentum wants is: Who will dominate the pricing power of liquidity at this level. Liquidity is not about how good the UI looks, nor is it about who launches trading pairs first, but about who can still provide price continuity when the market collapses. The needle on October 11th: it was not a disaster, but a watershed. Some protocols were officially defined at that moment. Core question: Since the engine is so fierce, where is the entry point for chips? It is not CEX, nor is it something to discuss after launch. The only real entry point is: the MMT distribution logic before the ve(3,3) flywheel starts --> Buildpad. Regarding #Buidlpad's new issuance, it is unreasonable not to participate in this situation. Momentum is preparing to launch new issuance on Buidlpad, the pricing rhythm for the two rounds has already been set, Remember to go through KYC in advance, don't get stuck at the door: First round FDV: 250 million. Provided that there are LP holdings before October 25th. Second round FDV: 350 million. Those who have participated with me in $LAYER / $SAHARA / $FF should know, the platform Buidlpad does not issue those kinds of garbage projects that just shoot once and leave, basically all are projects that can survive. So my personal strategy is very simple: Directly participate in the first round. Lower valuation, highest cost-effectiveness, the snapshot date is also close, and the time cost is extremely low. In the current market, FOMO is already meaningless. The market does not offer opportunities, but noise. I only look for structural certainty, not chasing short-term fireworks. Momentum has gone from a small DEX, all the way to the first in both trading volume and TVL on the Sui chain, with trading volume reaching over 20 billion+, user retention is not reliant on airdrops, but on real liquidity and trading experience. Such projects in this cycle are the real Alpha, it relies on accumulation, standing in the right position, and taking off with the flywheel. Hurry up and join in~