Movement Network is an ecosystem of Modular Move-based Blockchains that enables developers to build secure, performant, and interoperable blockchain applications, bridging the gap between Move and EVM ecosystems.
Anticipated use cases include:
Staking & Delegation for Economic Security: Validators stake $MOVE to secure the network and earn staking rewards.
Gas Fees: $MOVE powers transaction fees for Movement Network L2 and other Move-based L2s built on MoveStack.
Governance: $MOVE holders participate in network governance, voting on proposals to shape the future of Movement.
Collateral and Liquidity: Applications use $MOVE as collateral, for liquidity provisioning, and as a native payment asset.
Sequencer decentralization
Core aspects of Movement Network are:
30k+ TPS due to Move's parallel processing capabilities through Block-STM.
Smart contract safety and security via Move, stopping the majority of traditional attack vectors.
Movement Network's flagship interpreter, Fractal, which enables Solidity contracts to compile on MoveVM and parallelize -- while offering full bytecode-compatbility and allowing Move and EVM applications to co-exist.
Execution-layer rollup frameworks for teams to launch custom high-throughput rollups via the Movement SDK.
Consensus Mechanism:
Movement uses a fast-finality settlement mechanism secured by validators staking $MOVE. This novel approach is designed as an alternative to traditional optimistic and validity rollups.
Movement Network has raised a $3.4mm Pre-Seed in Sep 2023.
Movement Network raised a $38mm Series A in April 2024, led by Polychain Capital.
Movement Network raised a Strategic Round in May 2024 with Binance Labs.As at Dec 9th 2024, the total supply of MOVE is 10,000,000,000. Our circulating supply will be around 22.5%.
Key metrics (as at December 9th 2024)
What is Movement Network?
● Project overview
Movement Network is the first Move-EVM L2 for Ethereum, offering the fastest and most secure user experience on Ethereum. Movement Network is building a modular blockchain ecosystem powered by the Move programming language, a secure, resource-centric framework originally designed by Facebook. Movement’s mission is to bring Move execution to diverse environments and enable seamless interoperability between blockchain networks.
● Project mission
At the core of Movement’s vision is the integration of cutting-edge technologies such as Movement Network, and the Move Stack, which combine to deliver a secure, scalable, and developer-friendly infrastructure. By bridging Move with Ethereum via our innovative Move-EVM (MEVM) compatibility layer, Movement fosters a unified blockchain landscape that enhances liquidity, scalability, and user accessibility.
Movement Network’ ecosystem is centered on empowering developers to create innovative decentralized applications, rollups, and infrastructure while advancing the adoption of decentralized technologies globally.
Project value proposition
Movement Network is revolutionizing blockchain scalability and security by leveraging the Move programming language, designed for resource-centric smart contracts and enhanced safety. By integrating Move with Ethereum through the innovative Move-EVM (MEVM) Layer 2, Movement combines the best of both ecosystems—Move’s security and Ethereum’s liquidity. This modular framework enables developers to deploy high-performance appchains and decentralized applications, fostering innovation and expanding blockchain interoperability. With its fast-finality mechanisms and robust infrastructure, Movement positions itself as the cornerstone of next-generation decentralized ecosystems.
● Project Key Highlights
Core aspects of Movement Network are:
30k+ TPS due to Move's parallel processing capabilities through Block-STM.
Smart contract safety and security via Move, stopping the majority of traditional attack vectors.
Movement Network's flagship interpreter, Fractal, which enables Solidity contracts to compile on MoveVM and parallelize -- while offering full bytecode-compatbility and allowing Move and EVM applications to co-exist.
Execution-layer rollup frameworks for teams to launch custom high-throughput rollups via the Movement SDK.
● Existing Products
Movement has more than 60+ dapps live on testnet today (testnet.movementlabs.xyz/apps) with $600M+ in committed TVL on mainnet launch.
Token sales and economics
Token Distribution
https://www.movementnetwork.xyz/article/movement-foundation-move-token
Note: HOLDer allocation in chart represents only Season 1 allocation. An additional 5% will be allocated for Season 2.
3. Roadmap & Updates
Completed Milestones
Link to current whitepaper: https://www.movementnetwork.xyz/whitepaper/movement-whitepaper_en.pdf
Completed Seed round fundraising (Sep 2024):
https://www.theblock.co/post/250084/movement-labs-raises-3-4-million-in-pre-seed-to-grow-move
Completed Series A fundraising (Apr 2024):
https://www.coindesk.com/tech/2024/04/25/movement-labs-raises-38m-for-rollup-based-on-facebooks-move-language/
Received Strategic Investment from Binance Labs (May 2024):
https://www.theblock.co/post/250084/movement-labs-raises-3-4-million-in-pre-seed-to-grow-move
Completion of Binance Wallet Integration (Aug 2024):
https://x.com/Web3WithBinance/status/1828736826972282948
Launch of Movement Network Incentivized Testnet (Jul 2024):
https://blog.movementlabs.xyz/article/movement-testnet-movedrop-parthenon-how-to-use
Launch of Movement Mainnet with TGE (Nov/Dec 2024)
Launch of Movement Shared Sequencer (Jan 2025)
Current Roadmap
Commercial and Business Development Progress
60+ live dApps on the Movement Network Incentivized Testnet; who will be given grants to support them.
10+ dApps have also signed to deploy Move-based L2s that will use the Movement SDK.
https://x.com/movementlabsxyz/status/1833944373953745242
> Meridian (https://x.com/meridian_money): Meridian is building a suite of DeFi tools on Movement Network, and is built by the Thala Labs team on Aptos. Meridian is expected to bring key DeFi primitives to Movement Network including AMM, LSTs, and LRTs. Meridian raised $3.5M led by Parafi and Borderless.
> Echelon (https://x.com/EchelonMarket): Echelon is building DeFi money markets for majors and long-tail assets on Movement Network. Echelon raised $3.5M led by Amber Group with participation from Laser Digital, Saison Capital, Selini, and Cypher Capital.
> Pontem Network (https://x.com/PontemNetwork): Pontem Wallet is the largest wallet on Aptos and Movement Network, with >400k downloads. The Pontem Wallet team have also built LiquidSwap, a AMM v2/v3 DEX on Aptos and Movement Network.
> Up Network (https://x.com/upnetworkhq): Up Network is creating the Alpha Mobile, a Web3 optimized smartphone for Movement Network. Up Network will have its dedicated Web3 app store, bypassing traditional platforms to provide a streamlined, user-centric marketplace to promote emerging dApps on Movement Network.
> Nexio (https://x.com/buildnexio): Nexio is building parallelized Bitcoin rollups on Movement Network with >30k TPS and low transaction fees. This unlocks high-throughput applications for DeFi, gaming, and NFTs utilizing the Movement SDK on top of Bitcoin Network. Raised $2.2mm in Aug 2024, led by Lattice Capital (https://x.com/buildnexio/status/1821563342604939377).
> Lync (https://x.com/Lyncworld): Lync is the first mobile-centric L2 built using the Movement SDK, designed to bring Web3 to >7bn smartphone users. Lync empowers developers to build with their mobile-centric toolkit, enabling them to build on-chain products in 90% less time and at a significantly reduced cost. Raised $1.5M (https://x.com/Lyncworld/status/1821273549317050875)
> BRKT (https://x.com/BRKTgg): BRKT is building prediction markets verified by their INVKR Oracle network, enabling permissionless creation of markets by users and ensuring outcomes of live events can be provably verified on-chain. BRKT has raised over $1m, led by Foresight Ventures.
> Henry Protocol (https://x.com/henrysocialxyz): Henry is building Strata, a L2 built using the Movement SDK. Through Strata, Henry seeks to decentralize commerce and bring brand loyalty solutions to traditional customers. Henry has raised around $1m.
> Interest Protocol (https://x.com/IPXMovement): Interest Protocol is a CLAMM leverage Move’s object models for streamlined trading. The protocol is pushing 70,000 users and over 100,000 transactions per week on Movement testnet.
> Frax (https://x.com/fraxfinance): FRAX operates a partially algorithmic stablecoin. It uses a dual-token system: the FRAX stablecoin and the FXS governance token, where the stability of FRAX is maintained through a mix of algorithmic supply adjustments and collateral. FRAX is fully recreating their smart contracts in Move to leverage its performance and security.
> Vanilla Finance (https://x.com/VanillaFinance): Vanilla Finance is a telegram bot that lets users trade 1 BTC for $10, Vanilla Finance takes trading to the next level by offering up to an astonishing 10,000x leverage and no liquidation. They have raised $3m led by Paper Ventures.
> MetaLayer: MetaLayer is a multi-chain zk L2 that settles on multiple chains to enable trust-minimized liquidity aggregation in a unified execution environment. They have raised $6m, led by 1kx.
> Surge: Surge is a Move BTC Rollup-as-a-Service provider for the Movement ecosystem. They have raised $1.5M from Sats Ventures, Vamient, Samara and more.
> Helix: Alternative asset liquid restaking exclusively for Movement with a focus on Cardano liquidity. They have raised $2M led by Tribe Capital.
> Echo: Bitcoin multifaceted protocol specializing in liquid staking & restaking and yield solutions, seamlessly interoperating within the Move ecosystem with over $130M in TVL. They have raised $1.5M led by Spartan.
Community
Twitter: >186k followers: https://x.com/movementfdn
Telegram: >45k members: https://t.me/movementlabsxyz
Discord: >854K followers: https://discord.gg/movementlabsxyz
Appendix
$MOVE Token: https://x.com/movementfdn/status/1861107961286009042
Movement Metrics: https://x.com/movementlabsxyz/status/1860068596132774228?s=46&t=x0u52edPsbuBSmNpbd6u6Q
MOVE NFT Drop: https://x.com/movementfdn/status/1861472747035206002
Movement Network For Developer: https://developer.movementnetwork.xyz/