Recently, Movement, an Ethereum Layer 2 solution based on the Move language, received $38 million in financing led by Polychain.
Movement introduced the Move language into EVM, allowing Ethereum developers to seamlessly migrate and deploy applications to the Movement network, while also enabling cross-chain asset and data transfer with the Sui and Aptos networks developed based on the Move language.
It seems that Movement is a Layer 2 that will bring a diverse future to Ethereum, and the huge amount of financing also shows that the market is optimistic about the future development of Movement.
TechFlow takes stock of some of the applications that are being or will be deployed in the Movement ecosystem in the future to help readers further understand the current status of the Movement ecosystem development.
DeFi
StakeStone
Project direction: LST protocol
Project Twitter: https://x.com/Stake_stone
StakeStone is a full-chain LST protocol that aims to bring native staking returns and liquidity to Layer 2 in a decentralized manner. StakeStone supports leading staking pools and is compatible with re-staking, while also building a multi-chain liquidity market based on StakeStone's native LST STONE.
Cedar
Project direction: Cross-chain DeFi products
Project Twitter: https://x.com/cedro_finance
Cedro provides a variety of DeFi products, including lending, trading, and yield aggregators. Users can achieve multi-chain cross-chain lending through Cedro.
GoGoPool
Project direction: Liquidity staking, node verification
Project Twitter: https://x.com/GoGoPool_
GoGoPool provides users with a decentralized liquidity pool where they can participate in liquidity staking, while also providing a one-stop launcher that allows users to easily become node validators.
EchelonMarket
Project direction: Decentralized financial market
Project Twitter: https://x.com/EchelonMarket
Echelon is a decentralized financial market built on the Move language. Its users can borrow and lend assets to each other indirectly through non-custodial pools to earn interest, and Echelon also provides users with leveraged trading services.
Clobx
Project direction: CLOB system built on Movement
Project Twitter: https://x.com/clobxio
As the first native liquidity layer of Movement, Clobx plans to build a fully on-chain central limit order book system, aiming to transform token trading using blockchain technology.
Interest DEX
Project direction: decentralized exchange
Project Twitter: https://x.com/IPXMovement
Interest DEX is a native DEX powered by Movement that brings fractional reserve banking from traditional banks to Ethereum, paying interest to all depositors.
Route-X
Project direction: Liquidity aggregator
Project Twitter: https://x.com/routexio
Route-X is a DEX aggregator in the Movement ecosystem, aiming to match Jupiter in the Solana ecosystem.
RazorDex
Project direction: decentralized exchange
Project Twitter: https://x.com/RazorDex_
A decentralized exchange powered by RazorDAO, the UI looks very meme-like.
Yodeswap
Project direction: Memecoin DEX
Project Twitter: https://x.com/yodeswap
Yodeswap is Dogechain’s native meme DEX, which is planned to be deployed on the Movement network soon.
IDOSwap
Project direction: Not yet disclosed
Project Twitter: https://x.com/IDOswapio
The project party has not yet disclosed specific information about IDOswap, but through its frequent interactions with Movement officials on Twitter, it is speculated that IDOswap will be deployed first in the Movement ecosystem in the future.
wallet
Razor DAO
Project direction: Wallet-side Dapp aggregator
Project Twitter: https://x.com/RazorDAO
Razor Wallet is the wallet aggregator of Movement DApp, which can easily interact with all wallets in the Movement ecosystem. Currently, Wallet is still in its early stages and is only available on PC. A mobile version will be launched in the future.
IDOwallet
Project direction: Not yet disclosed
Project Twitter: https://x.com/IDOwallet_io
IDOwallet and IDOswap belong to the same team and have not disclosed more information. It is speculated that they will first support Movement ecosystem assets in the future.
Basic parts
EMCProtocol
Project direction: AI+Depin
Project Twitter: https://x.com/EMCprotocol
EMC has made great achievements in the field of AI+Depin, providing distributed computing power for decentralized applications.
SkipProtocol
Project direction: One-stop DeFi solution
Project Twitter: https://x.com/SkipProtocol
Skip provides Slinky, a unique oracle for DeFi protocols, and also builds the open source toolkit Block SDK, providing a one-stop solution for quickly building DeFi.
SeamMoney
Project direction: AMM aggregation
Project Twitter: https://x.com/SeamMoney
SeamMoney provides centralized liquidity AMM for Aptos and Movement, and will provide module browsers and Dapp navigation browsers in the future.
NFT
Mintify
Project direction: Order book NFT trading engine
Project Twitter: https://x.com/Mintify
Mintify is an NFT trading platform that provides a fast execution engine for NFT transactions, as well as historical data and liquidity analysis on and off the chain. It has been deployed on the ETH mainnet, Base and Blast networks, and will be launched on Ordinals and Movement in the future.
Other Facilities
Ispolink
Project direction: Web3 recruitment platform based on artificial intelligence
Project Twitter: https://x.com/ispolink
Ispolink is a Web3 talent recruitment platform that connects companies and Web3 workers through an artificial intelligence matching engine. It also has functions such as resume parsing and job analysis to help people find jobs that match their own conditions more quickly.
BRKT
Project direction: Decentralized betting platform
Project Twitter: https://x.com/BRKTgg
BRKT is a decentralized on-chain gaming management protocol that provides users with a secure and transparent on-chain betting platform.
Henry Social
Project direction: Commercial brand Web3 solution
Project Twitter: https://x.com/henrysocialxyz
Henry is an integrated product suite that combines off-chain applications and on-chain technology layers to achieve seamless, scalable business solutions. Currently, Henry has launched three products: Luxe Rewards, Luxe Loyalty, and Strata. Luxe Rewards provides customers with cash back on daily shopping, and Luxe Loyalty helps brands build customized loyalty programs using on-chain technology through a code-free solution. Strata can seamlessly introduce Web3 technology into the daily operations of brands.
MoveCity
Project direction: On-chain social applications
Project Twitter: https://x.com/movecity2023
MoveCity is also a Social Dapp built on the Movement network, and not much information has been disclosed so far.
Zoinbets
Project direction: Mobile betting platform
Project Twitter: https://x.com/zionbets
Zoinbets provides users with a mobile fast betting platform, currently built on the Aptos testnet.
Summarize
According to the disclosed information, the current Movement ecosystem applications are still mainly based on basic components and multi-chain financial facilities, and more applications are still in the "planning to enter" stage.
Movement is also actively building and improving its own ecosystem. This month, Movement Labs announced that it will hold a hackathon on the testnet to encourage outstanding projects to join the Movement ecosystem.
We expect Movement to attract more high-quality projects to join the ecosystem after its mainnet goes live. Stay tuned, it’s still early.