Pontem Network

What Pontem Network does

Pontem Network is a Singapore-based product development studio that builds developer tools, wallets, decentralized exchanges, and Layer 2 infrastructure for the Move programming language ecosystem. Founded in 2016 and operated under the legal entity Pontem Technology Ltd, the company employs 11-50 people and is headquartered at DUO Tower in Singapore. Pontem's core proposition is reducing the friction for developers and users to engage with Move-based blockchains, primarily Aptos and Movement, by providing the foundational stack — a forked Diem Move VM, a Solidity-to-Move transpiler (ByteBabel), a browser-based Move code editor, an IntelliJ IDE plugin, a non-custodial multi-chain wallet, and the dominant AMM in the Move ecosystem (Liquidswap). The company has expanded beyond Aptos with Lumio L2, a VM abstraction framework that enables rollups using SVM, Move VM, or parallelized EVM settling to Ethereum, Solana, and other L1s.

Pontem's product suite spans consumer-facing applications (Pontem Wallet with 300,000+ users pre-Martian acquisition, Liquidswap DEX), developer tools (Move Code Playground, IntelliJ IDE, ByteBabel), and infrastructure (Lumio L2). Its flagship strategic partnership is with Aptos Labs, the primary Move-based L1, and it has expanded to support Movement Labs' ZK rollup (Movement M2, March 2025) and integrated LayerZero and Wormhole for cross-chain bridging. In May 2025, Pontem acquired Martian wallet (2M+ installs), substantially consolidating its position in the Aptos wallet landscape. The company is venture-backed by Lightspeed Venture Partners, Faction, Pantera Capital, Kraken Ventures, Mechanism Capital, Kenetic Capital, Animoca Brands, Delphi Digital, AVC, and Shima Capital, with total disclosed funding of $10.5 million across a 2021 seed round and a 2024 round.

Pontem's revenue model is constrained by free-to-user pricing across nearly all products. The primary identifiable revenue stream is DEX trading fees from Liquidswap, supplemented by the LSD governance token economy managed via Liquidswap DAO. Pontem has explicitly stated it does not have a token of its own. The company is community-led in distribution, relying on a 427-ambassador program, $1,600/month in bounty rewards, 12+ language-specific Telegram communities (209,388+ members), and self-serve distribution through Chrome Web Store, iOS, and Google Play. Security posture is established via triple audits on Liquidswap (OtterSec, Halborn, Zellic) and formal verification by MoveBit. Founders Boris Povod and Stas Oskin lead the company, which remains private and is not generating publicly disclosed revenue.

Name

Pontem Network

Legal name

Pontem Technology Ltd

Website

https://pontem.network

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Pontem Network is a Singapore-based product studio building developer tools, multi-chain wallets, and DeFi infrastructure (notably Liquidswap DEX and Lumio L2) for the Move programming language ecosystem, primarily Aptos and Movement blockchains.

Ownership category

akta.pro rank

Product category

Blockchain Developer Tools & DeFi Infrastructure

NAICS

Securities and Commodity Exchanges (523210), Securities and Commodity Exchanges (52321), Custom Computer Programming Services (541511), Computer Systems Design and Related Services (54151)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Services-Computer Integrated Systems Design (7373)

akta.pro industry

PRIMARYFSAPADAJ

Cross-Chain Trading & Liquidity Routing (multi-chain swaps, bridge-integrated trading)

Financial & Insurance/Blockchain & Web3/Exchanges, Trading & Liquidity (CEX/DEX, market makers, aggregators)

SECONDARYFSADABAI

DEX Liquidity Provision & Market-Making Protocols

Financial & Insurance/Crypto & Digital Assets/Decentralized Exchanges (DEX) & On-Chain Trading

SECONDARYFSADACAJ

Cross-Chain Wallet & Asset Routing Infrastructure

Financial & Insurance/Crypto & Digital Assets/Custody, Key Management & Wallet Infrastructure

SECONDARYFSAPAHAC

Governance Frameworks & DAO Tooling (modules, templates, standards)

Financial & Insurance/Blockchain & Web3/DAO & Governance Platforms (voting, treasury, coordination tools)

Keywords

• Blockchain developer tools
• Decentralized exchange software
• Non-custodial crypto wallet
• Move programming language
• Layer two rollup framework

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Liquidswap DEX Trading Fees: Liquidswap charges trading fees on swaps in liquidity pools. Liquidity providers earn passive income from trading fees (up to 1,000%+ APY as of 2022). Fee structure includes both regular uncorrelated pairs and stable correlated pairs.
2. LSD Token (Liquidswap DAO Governance): LSD is the governance token powering the Pontem ecosystem. The token launched with airdrop of 1 billion MOVE (10% of supply) worth over $800M. Token utility includes governance participation, though Pontem Network has stated it has no token and no timeline for releasing one.

Go-to-market motion2 records

Distribution channels6 records

Marketing channels8 records

Core offering

Pontem Network is a product development studio that builds developer tooling and decentralized applications for the Move programming language ecosystem. Its offerings span a non-custodial multi-chain crypto wallet (Pontem Wallet), the leading AMM decentralized exchange on Move (Liquidswap), an EVM-to-Move transpiler (ByteBabel), a browser-based Move code editor, an IntelliJ Move IDE plugin, an NFT minting platform, an AI crypto assistant, and a VM-agnostic L2 rollup framework (Lumio). The studio's foundational role is to enable Move language adoption across Aptos, Movement, Ethereum, Solana, and other L1s.

Product overview

Pontem Network is a Singapore-based product development studio partnered with Aptos Labs to build foundational dApps and infrastructure for the Move ecosystem. The company offers a comprehensive portfolio spanning developer tooling (Move Code Playground, IntelliJ Move IDE, ByteBabel transpiler), DeFi products (Liquidswap DEX, Pontem Wallet), and Layer 2 solutions (Lumio L2 VM Abstraction Framework). Pontem Wallet serves as the primary multi-chain wallet supporting Ethereum, Solana, Movement, and Aptos with Ledger hardware support. Liquidswap is the leading AMM on Move-based chains with both regular and stable swap pools. The ecosystem is unified around promoting Move language adoption through accessible development tools, secure DeFi protocols, and interoperability solutions like Lumio that enable Move VM execution across multiple blockchains.

Differentiator

Problem solved

Functional benefit

Brands

• Lumio L2: The first VM abstraction framework - a rollup technology suite enabling developers to build with any VM on any chain, settling to Solana, Ethereum, and other L1s.
• Pontem Wallet
• Liquidswap
• Pontem AI
• Move Code Playground
• IntelliJ Move IDE
• ByteBabel

Products and services

• Pontem Wallet Non-custodial multi-chain crypto wallet supporting Ethereum, Solana, Movement, and Aptos networks, with native Ledger hardware wallet support and built-in dApp browser. Available as a Chrome browser extension and iOS/Android mobile apps. Targets individual crypto users and DeFi participants.
• Liquidswap DEX Automated market maker decentralized exchange on the Move ecosystem, supporting both uncorrelated and correlated swap pools, with integrated cross-chain bridging via LayerZero and Wormhole. Available on Aptos and Movement; targets crypto traders, liquidity providers, and DeFi users.
• Lumio L2 VM-agnostic Layer 2 rollup framework that lets developers build applications using SVM, Move VM, or parallelized EVM, settling to Solana, Ethereum, and other L1s. Targets Web3 developers and Layer 1 protocols.
• ByteBabel Solidity-to-Move bytecode transpiler that is the first EVM implementation for Aptos, enabling Solidity developers to deploy existing EVM code on Move-based blockchains. Targets Web3 developers migrating from EVM to Move.
• Move Code Playground Browser-based code editor for the Move programming language, the first such editor, allowing developers to learn, write, and test Move smart contracts without local setup. Targets Web3 and Move developers.
• IntelliJ Move IDE Plugin IntelliJ IDEA plugin integrating the Move programming language and Aptos development into a professional IDE environment for streamlined smart contract authoring. Targets professional Web3 and Move developers.
• Pontem AI AI-powered crypto GPT chatbot that uses ChatGPT to enable natural language interactions for querying tokens, DeFi protocols, and the Move ecosystem. Targets crypto traders, DeFi users, and Web3 beginners.
• NFT by Pontem NFT minting and collection platform for creating and managing Aptos NFT collections. Targets NFT creators, collectors, and Aptos ecosystem projects.
• $LSD Token (Liquidswap DAO Governance) Governance token powering the Pontem ecosystem, launched by the Liquidswap DAO with an airdrop of 1 billion MOVE (10% of supply). Used for protocol governance participation; Pontem Network itself has stated it has no token and no timeline for releasing one.

Quantifiable outcome

• Up to 160,000 TPS with sub-second finality
• +4 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability2 records

Feature7 records

Partnerships

Five partnerships are on record, tiered flagship, core and major.

• Aptos LabsflagshipStrategic or Co-development PartnerOfficial strategic partner working to build foundational dApps and infrastructure enabling adoption of Aptos L1. Pontem partnered with Aptos to build products enabling adoption for billions of users. Products include development tooling, EVMs, AMMs.
• LayerZerocoreTechnology or IntegrationLayerZero omnichain protocol powers the bridging functionality in Liquidswap and Movement bridge. Used for cross-chain asset transfers including USDT, USDC, WETH, WBTC from Ethereum, BNB Chain, Polygon, Avalanche and other chains to Aptos.
• WormholecoreTechnology or IntegrationCross-chain bridging protocol integrated with Liquidswap for token transfers. Alternative bridge option to LayerZero.
• Movement LabsmajorStrategic or Co-development PartnerMovement is a pioneering Move-based L2 for Ethereum. Pontem Wallet and Liquidswap are already supported on Movement M2 mainnet (March 2025). Movement uses MoveVM and supports both Move and EVM bytecode.
• Martian WalletmajorTechnology or IntegrationPontem acquired Martian, a popular Aptos wallet with over 2M installs (announced May 2025). Expands Pontem's wallet user base significantly.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Cetus Protocol: Leading AMM DEX on the Move-based Sui and Movement ecosystems. Directly comparable to Liquidswap as a Move-native AMM with concentrated liquidity and cross-chain bridging.
• Econia Labs: Aptos-native order-book and AMM infrastructure project. Competes with Liquidswap for on-chain trading volume within the Aptos DeFi stack.
• Petra Wallet: One of the leading non-custodial wallets for the Aptos blockchain. Competes directly with Pontem Wallet for Aptos user wallet share and dApp distribution.
• Movement Labs: Pioneering Move-based L2 for Ethereum whose M2 mainnet hosts Liquidswap and Pontem Wallet. Competes with Pontem's Lumio L2 for Move VM execution and rollup infrastructure.

Broad incumbents

• Uniswap: Largest AMM DEX across EVM chains. As cross-chain bridging matures, Uniswap could absorb Aptos routing volume that currently flows through Liquidswap.
• Curve Finance: Dominant stableswap DEX on EVM. Liquidswap's stable (Curve-style) pools directly mirror Curve's value proposition, making Curve the natural incumbent comparator.
• MetaMask: The dominant EVM multi-chain wallet and de facto on-ramp into Web3. Sets the UX and distribution benchmark against which Pontem Wallet competes.
• Phantom Wallet: Leading Solana multi-chain wallet supporting Ethereum, Polygon, and Solana. Comparable multi-chain wallet positioning to Pontem Wallet's ETH/SOL/APT/MOVE support.

Others

• Martian Wallet: Was a leading Aptos wallet with 2M+ installs before being acquired by Pontem in May 2025. Relevant as the Aptos wallet peer Pontem chose to consolidate against.

Emerging players

• Eclipse: SVM-based rollup settling to Ethereum. Competes with Pontem's Lumio in the 'bring a non-EVM VM to Ethereum' modular L2 narrative.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/pontemnetwork
• GitHubgithub.com/pontem-network
• LinkedInlinkedin.com/company/pontemnetwork

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds3 records

Investors27 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pontem Network