Written by: Alvis, Mars Finance
As the blockchain industry continues to evolve, we have seen many emerging projects emerge, but the dark horse project, Movement Network, is becoming the focus of the industry with its innovative technical architecture and powerful ecosystem. As a public chain infrastructure based on the Move language, Movement not only carries the technical heritage of the Libra/Diem project, but also promotes the further evolution of the blockchain ecosystem through its modular design, high throughput, and low-latency transactions. In this context, Movement Network not only attracts the attention of capital, but also provides developers with an innovative platform that enables seamless docking between the Move ecosystem and the Ethereum ecosystem.
Founding Team and Mission
Movement Labs was co-founded by former Aptos engineer Rushi Manche and blockchain entrepreneur Cooper Scanlon. Both founders have participated in the technical development of Libra/Diem and have a deep blockchain technology background and industry insight. The original intention of the establishment of Movement Labs was to promote the Move language developed by Facebook (now Meta) in the Libra/Diem project as a standard for blockchain smart contracts and build a secure, efficient, and highly scalable blockchain infrastructure.
The team members come from many well-known blockchain projects, including Biconomy, Sui/Mysten Labs, Fluid Finance, etc. The team members have rich experience in blockchain development and financial technology, and are committed to building a blockchain platform that can support high-throughput transactions and secure digital asset management.
Movement's financing history and capital support
Since the launch of the project, Movement Labs has completed several rounds of financing and achieved significant capital support. Specifically include:
Pre-Seed round of financing: In 2023, Movement Labs completed a $3.4 million Pre-Seed round of financing led by Varys Capital, dao5 and other institutions. This round of financing provides financial support for the project's technical development and initial ecological construction.
Series A: In April 2023, Movement Labs completed a $38 million Series A led by Polychain Capital. With the completion of this round of financing, Movement's development team was able to accelerate product development and network deployment.
Binance Labs Investment: In May 2024, Binance Labs also invested in Movement, further strengthening its financial strength and industry influence.
These financings not only demonstrate the capital market’s strong confidence in Movement, but also provide strong support for its technology development, ecosystem construction and market promotion.
Movement’s community growth and market recognition
Movement Labs’ achievements in community building and market recognition cannot be ignored.
According to the latest data, Movement’s Twitter followers have reached 830,000, and its Discord community members have exceeded 820,000, demonstrating its strong appeal and growth potential in the blockchain field. In addition, the Movement testnet has also performed very well since its launch, with a cumulative transaction volume of 681 million, the number of active addresses exceeding 15.8 million, and more than 46 applications running stably on the testnet.
This achievement highlights the steady progress of Movement in ecological development, especially the booming development at the application level, showing the extensive participation of developers and users. At the same time, the success of the test network also lays a solid foundation for the upcoming launch of Movement's main network. The active community and the continuous growth of ecological projects prove the high recognition and prospects of Movement in the market.
Token Economics Design: Total Supply and Initial Circulation of MOVE Tokens
As the native crypto asset of Movement Network, MOVE tokens will become the core support for various functions within the platform after the mainnet is launched. According to information released by the Movement Network Foundation, the total supply of MOVE tokens is 10 billion, and the management of its circulation will adopt a gradual unlocking mechanism. In the initial stage, about 22% of MOVE tokens will enter the circulation market, which provides opportunities for early users and ecosystem builders to participate.
MOVE token distribution plan
In order to ensure the decentralized distribution of tokens and the sustainable development of the ecosystem, the MOVE token distribution plan clearly states that most of the token resources will be used to support the community, ecosystem construction and reward early participants. The specific distribution ratio is as follows:
Ecosystem and Community: 40% This portion of tokens will be used to support the long-term development of the Movement Network, including ecosystem construction, partnerships, developer rewards, etc. Movement plans to use this portion of tokens to incentivize more developers and projects to join its ecosystem and promote the widespread use of the Move language in various decentralized applications.
Initial claim: 10% The initial claim portion of tokens will be distributed to eligible early users and supporters as a reward for their participation in Movement early testing, community building, etc. Users can obtain claim qualifications by participating in activities, test networks, etc.
Foundation: 10% This portion of tokens will be held by the Movement Network Foundation for the development of the platform, operating funds, and ecosystem support. The foundation’s tokens will be used to ensure the long-term development and stable operation of the network.
Early Contributors: 17.5% These tokens will be allocated to team members and project supporters who participated in the early development of the Movement network. Their contributions have provided important impetus for Movement's technical architecture, platform construction, and community expansion.
Early investors: 22.5% Early investors will receive a corresponding proportion of MOVE tokens to compensate for their early investment in Movement Labs. As the tokens are gradually unlocked, these investors will receive returns over a certain period of time.
Unlocking period and staking restrictions
MOVE tokens will be gradually unlocked over a 60-month period, meaning that they will be gradually released to the market over a five-year period. This is done to avoid large-scale sell-offs in the short term and to ensure market stability.
At the same time, teams and investors cannot participate in staking in the early stages, which means they cannot earn rewards through staking, avoiding abuse of staking rewards or gaining unfair advantages by participating in staking in advance.
This mechanism is designed to keep the release rhythm of tokens consistent with market demand and project development pace, avoiding market fluctuations caused by oversupply. In this way, Movement ensures that long-term holders and community members can enjoy a steady growth in token unlocking over a 5-year cycle.
Functions and uses of MOVE tokens
As the native asset of the Movement Network, MOVE tokens are more than just a payment tool. They will be deeply involved in multiple key functions of the network. Here are some of the main uses of MOVE tokens:
Economic Security Staking: After the Movement mainnet is launched and the staking function is enabled, the network's validators will be able to stake MOVE tokens to participate in maintaining the network's security and consensus mechanism. By staking, validators can receive corresponding staking rewards and become guarantors of network security.
Gas fee payment: Similar to the Ethereum network, the gas fee of Movement Network will be settled in MOVE tokens. All transactions, smart contract executions and other operations in the Movement ecosystem will consume MOVE tokens as gas fees. This design ensures the liquidity of network operations and the practicality of tokens.
Decentralized governance: MOVE holders will be able to participate in the governance of the Movement Network, proposing and voting on important parameter adjustments of the network. For example, token holders can vote on network upgrades, fee adjustments, protocol parameter changes, and other issues, achieving true decentralized governance.
Movement Network’s Native Asset: MOVE tokens will also serve as the Movement Network’s native asset, and can be used in the network for liquidity provision, collateral, payment, and other scenarios. In addition, when developers build DApps based on the Movement platform, they can also use MOVE tokens for liquidity incentives and in-app payments.
Movement’s MoveDrop Airdrop Program
On November 27, the Movement Network Foundation announced its MoveDrop airdrop program, which aims to reward early users and community members of Movement. The airdrop will distribute 1 billion $MOVE tokens (10% of the total supply) to the community, and eligible users include: Road to Parthenon participants, Battle of Olympus winners, Gmovers, designated community members, and builders of the Movement testnet.
Users can visit the MoveDrop website and complete the registration. The registration deadline is 2pm UTC on December 2, 2024. After the TGE (coming soon), users can check whether they are eligible and claim the airdrop. Users who fail to register on time will lose their eligibility to claim MoveDrop.
It is worth noting that users can choose to claim $MOVE tokens on the Ethereum mainnet or on the Movement Network mainnet (which will be launched soon), which will receive a 1.25x reward multiplier. The Movement Network Foundation also stated that it will continue to distribute $MOVE tokens through more activities in the future.
Through MoveDrop airdrop, Movement can not only give back to early supporters, but also further expand its community base, attract more users to participate in network construction, and help its ecosystem continue to develop.
Roadmap Overview
The Movement project roadmap clearly outlines several key phases to ensure the steady progress and technical realization of the platform. The following are the stages of the roadmap that have been made public so far:
Phase 1: Network Genesis, MOVE Token TGE, Launch of Liquid Deposit Contract
During this phase, Movement will launch the network genesis, officially issue MOVE tokens and conduct TGE (token generation event). At the same time, the project will launch a liquid deposit contract to lay the foundation for subsequent economic security.
Phase 2: Movement mainnet launch, fast finality, MOVE token staking
Entering the second phase, Movement will officially launch the mainnet and implement its core technology - fast finality, that is, the ability to reach finality confirmation every second. In addition, the staking mechanism of MOVE tokens will also be launched in this phase, allowing users to participate in network security maintenance and receive corresponding rewards.
Phase 3: MOVE Stack, MEVM, Shared Sorter
During this phase, Movement will launch its innovative technology stack MOVE Stack and introduce MEVM (Movement Ethereum Virtual Machine) to provide support for Ethereum compatibility. At the same time, it plans to implement a shared sorter to improve transaction processing efficiency and network scalability.
Phase 4: Multi-asset staking
Eventually, Movement will support multi-asset staking and provide staking functionality for multiple assets within the ecosystem. This phase will further enhance the diversity and flexibility of the platform and support different types of user needs.
MOVE Token TGE and Post-Confirmation Mechanism
The Token Generation Event (TGE) is one of the key milestones of the Movement project. MOVE tokens will be issued first before the mainnet, aiming to establish economic security through a liquid deposit contract. The core goal of this arrangement is to support the post-confirmation mechanism in the Movement network.
Postconfirmations are a unique technical mechanism that enables the Movement network to finalize transactions in 1 second or less. To achieve this goal, Movement needs to pre-liquidate and economically secure MOVE tokens through a liquid deposit contract before the public mainnet goes live. This way, with the official launch of the network, the postconfirmation mechanism can be put into use immediately, ensuring 1-second finality of transactions, greatly improving network efficiency and user experience.
On November 28, the Aevo platform successfully launched Movement (MOVE), taking an important step towards the issuance and ecosystem construction of MOVE tokens. This launch marks the entry of the project into a new stage of development, providing an opportunity for early participation for a large number of community members and developers.
Comparison between Move Ecosystem and Ethereum Ecosystem
Advantages of the Move ecosystem
Move is a smart contract language designed by Facebook for its Libra/Diem project, which aims to solve the deficiencies in resource management in traditional blockchain technology, especially in the security, uniqueness and execution efficiency of digital assets. Compared with Ethereum's Solidity language, Move has obvious advantages in the following aspects:
Resource management and security: Move uses a built-in resource management mechanism to treat all assets as scarce resources, which can only be copied or deleted with explicit authorization. This design effectively avoids problems such as asset loss or duplicate consumption in smart contracts. Compared with Ethereum's Solidity, Move has higher resource security and is particularly suitable for application scenarios that require strict asset management.
Efficient execution of transactions: The Move language optimizes the efficiency of transaction execution through static scheduling and serialization mechanisms. It can handle a large number of high-concurrency transactions and is particularly suitable for use in scenarios requiring high throughput and low latency, such as finance and digital currency exchange.
Developer-friendliness: Compared with Solidity, the design of Move language is more concise and clear, focusing on the developer experience. Through specialized development tools and SDK support, developers can more easily create, debug and deploy smart contracts, lowering the development threshold.
Advantages and Challenges of Ethereum Ecosystem
Ethereum is undoubtedly the most widely used smart contract platform in the world. With the wide support of EVM (Ethereum Virtual Machine) and Solidity language, it has become the core of decentralized applications (DApp) and DeFi ecology. However, as the Ethereum ecology develops, it also faces some technical challenges:
High transaction fees and scalability issues: Ethereum’s high transaction fees (gas fees) and low TPS (transactions per second) are one of the main bottlenecks it faces, especially when the network is busy, transaction fees soar, resulting in a decline in user experience.
Development complexity: Although Solidity has been widely used around the world, its relatively complex language structure and development process still pose a barrier to some developers. Especially for projects that require high performance and high security, developers often need to make a lot of optimizations based on the Solidity language.
Therefore, although the Ethereum ecosystem is large and powerful, with the change of needs and the evolution of technology, the emergence of Move language and Movement Network provides developers with more choices and innovation space. With its simple, secure and flexible design, the Move ecosystem can better meet the needs of some specific applications, especially in scenarios that require fast transactions and high security.
Interoperability of Move with Ethereum ecosystem
Movement's M2 module, as a bridge between Ethereum and the Move ecosystem, demonstrates strong interoperability. By supporting EVM compatibility, Movement allows developers to run smart contract code on Aptos, Sui, and Ethereum on the platform at the same time. This allows developers to not only take advantage of its high-performance smart contract environment on the Move platform, but also enjoy the liquidity and security of the Ethereum ecosystem. This dual compatibility provides developers with more flexibility and further enhances the competitiveness of the Move ecosystem in the blockchain industry.
Comparison between Movement and Sui and Aptos: Application of Move language
The Move language is becoming the core of the new generation of blockchain technology, and multiple public chain projects are adopting the language. The three chains of Aptos, Sui and Movement are all based on Move, but there are significant differences in architecture, consensus mechanism, transaction processing and ecosystem. The following is their comparative analysis:
Architecture
Aptos and Movement use a linear blockchain architecture, where blocks are generated sequentially and status updates are promoted through batch transactions.
Sui is based on the **DAG (directed acyclic graph)** structure, supports independent transaction consensus, and has higher throughput and parallel processing capabilities.
Consensus and Transaction Confirmation Time (TTF)
Aptos uses the AptosBFT protocol to optimize communication between nodes and improve efficiency by rotating leaders.
Sui uses the Mysticeti consensus algorithm, which allows multiple leaders and reduces transaction delays, significantly reducing CPU burden and ensuring higher throughput.
Movement uses Avalanche's Snowman consensus to reach consensus through the agreement of the majority of validators. Although the decision-making delay is slightly higher, its mechanism ensures the high security and consistency of the network.
In terms of transaction confirmation time (TTF), Sui is the most superior, with an average confirmation time of about 0.5 seconds, but Movement, through its unique consensus mechanism, provides considerable throughput while ensuring security, making it an ideal choice for enterprise-level applications.
Transaction Processing and TPS
Aptos and Movement use the Block-STM optimistic parallel processing mechanism, assuming that all transactions can be processed in parallel and retrying in case of conflicts.
Sui adopts state access sorting and object-based optimization to avoid re-execution of transactions, improve TPS and reduce hardware burden.
Although Sui excels in processing efficiency, Movement has demonstrated great flexibility and expansion potential with its innovative modular architecture, optimized transaction processing mechanism and compatibility with the Ethereum ecosystem, making it particularly suitable for cross-chain and large-scale enterprise applications.
Ecosystem
Aptos has the most mature ecosystem, covering multiple fields such as DeFi and NFT, with rich early applications.
Sui is accelerating the construction of its ecosystem, attracting developers through funding programs, and has already put initial applications into place.
Movement has now completed its testnet phase and has demonstrated strong technical potential. Through the innovative Move SDK, shared sorter, and compatibility with Ethereum, Movement is providing developers with a more efficient and flexible development environment.
Movement's advantage lies not only in its innovative technical architecture, but also in its accurate grasp of market demand and comprehensive support for developers. Through strong cross-chain compatibility and high-performance infrastructure, Movement is rapidly growing into one of the most promising public chains in the Move ecosystem, especially in enterprise-level applications and high-throughput scenarios.
Outlook for Movement Network
Innovation Ecosystem and Market Opportunities
As the Movement Network continues to develop, the market is full of expectations for its prospects. As an efficient blockchain platform based on the Move language, Movement is driving a deep transformation of blockchain infrastructure. Its modular architecture and strong security and throughput advantages enable Movement to not only meet current technical needs, but also cope with the growing challenges of the future blockchain industry.
Movement Network’s innovative ecosystem will further drive market development in the following key areas:
Enterprise-level application scenarios: As enterprises gradually recognize blockchain technology, Movement's modular solutions provide enterprises with flexible and secure infrastructure, especially Rollups that support independent deployment. Enterprises can enjoy the advantages of blockchain technology while maintaining system sovereignty.
DeFi and NFT markets: The high security and efficient execution of the Move language make Movement an important infrastructure in markets such as DeFi and NFT. Especially in the scenarios of high-frequency trading and complex smart contract applications, Movement has shown strong advantages.
Cross-chain interoperability: Movement is not only compatible with Ethereum, Aptos, and Sui, but also provides cross-chain interoperability between other public chains. This provides a wider market opportunity for various decentralized applications.
