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Which is the best DEX on SUI
Shill me some DEX and their future tokenomics
- Sui
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3Determining the best decentralized exchange (DEX) on the Sui ecosystem depends on individual user preferences, such as trading volume, liquidity, features, and ease of use. However, recent data highlights a few standout options:
- Cetus: Widely regarded as the leading DEX in the Sui ecosystem, Cetus is the largest and most versatile platform, supporting a wide range of tokens and advanced trading tools. Recently, it launched Cetus Vaults, an innovative solution addressing a common challenge for liquidity providers (LPs)—the need for active management when supplying liquidity.
- Momentum: Momentum has gained significant traction, surpassing Bluefin to become the second-largest DEX on Sui by trading volume. On April 27, it set a single-day trading volume record of $91.59 million. Designed as a ve(3,3) DEX, Momentum positions itself as a vital public good within the ecosystem, enhancing accessibility to on-chain trading.
Other notable mentions:
- Kriya: Known for its beginner-friendly interface, Kriya has a Total Value Locked (TVL) of $54.98 million, making it an excellent option for new users.
- Aftermath Finance: With a robust TVL of $77.53 million, Aftermath Finance is another beginner-friendly platform worth exploring.
Each of these DEXs offers unique features and benefits, catering to diverse needs within the Sui ecosystem.
Hey! On Sui, Cetus and Turbos are solid choices. Cetus (CETUS token) is already big, offering governance, fee sharing, and LP incentives, with plans to deepen integration. Turbos (TURBOS token) is similar, focusing on governance, staking, and fee reduction. Keep an eye on MovEX too; they're building a strong AMM/orderbook hybrid, and while they haven't launched a token yet, their future tokenomics will likely include governance and fee accrual, potentially with novel mechanisms.
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