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MovEX Secures Investment from Mysten Labs for DeFi Platform on Sui

Cointime Official

May 4 (Cointime) - MovEX, a decentralized finance platform, announced today that Mysten Labs has invested in their project. "MovEX will continue to build up on-chain finance on Sui. " the team said on Twitter.

About MovEX

MovEX is a community-driven organization that aims to provide the best trading and liquidity provision experience for users and project developers on the Sui eco-system. The platform offers a range of products, including a concentrated liquidity AMM + order book hybrid DEX, an Intelligent Liquidity Allocation service, and an ILO (initial liquidity offering) service for project developers.

About Mysten Labs

Mysten Labs is a technology company that specializes in blockchain and decentralized finance (DeFi) solutions. The company's key products include a Polkadot-based blockchain platform that offers high-speed transactions and low transaction fees, a decentralized exchange (DEX), and a cross-chain asset management platform. Mysten Labs is well-positioned to play a leading role in the continued growth and adoption of blockchain and DeFi technologies, thanks to its focus on security, scalability, and user-friendliness.

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