On one hand, those dedicated to airdrops have not encountered a big move like $move for a long time. On the other hand, Binance has airdropped $Move to BNB wealth management users.
As a result, many KOLs are introducing the #Movement project. However, most of what they write includes multi-faceted analyses such as product performance, technical features, token economics, and financing background.
So what exactly is the core advantage of this project?
➤ What is the core advantage?
What is meant by core advantage? It is something unique to a project, something that other projects do not have, and is difficult to imitate.
Many friends misunderstand the term 'core'. It should be noted that in 2019, during a live broadcast on Bihub, I mentioned that the IRIS project was not technically core. As a result, I was laughed at for saying that IRIS uses COSMOS technology.
Using technology from other projects cannot be called core technology.
Projects that are keen on technological innovation are likely to continue exploring and innovating in the technological field, such as LINK, UNI...
Projects lacking technological innovation may gradually fade away and exit the market. Recently, IRIS has also been delisted by Binance.
This is also one of the sources of the market's logic of 'trading new over old', as most projects lack technological innovation and will gradually be eliminated by the market.
➤ What is the core advantage of Movement?
The financing background, the disclosed amount is around 50 million USD. Moreover, those VCs have also invested in many other projects; this financing can only be considered a relative advantage.
As for product performance, while the TPS may be high, most high-speed public chains have better performance and lower gas fees than Ethereum and Bitcoin, but the differences among them do not significantly affect the perception of end users (the reason I say end users will be explained later). They can only be considered relative advantages.
Therefore, the core advantage of Movement still lies in its technical aspect.
The most core technical advantage of Movement is its compatibility with EVM and MoveVM.
➤ What does EVM compatibility with MoveVM mean?
For many investors, it may be difficult to understand what EVM compatibility means.
This technology is not just for narrative, it is not simply about discussing differentiation.
❚ Ecological Levels of Smart Contract Chains
Remember earlier when Brother Bee mentioned the term 'end users'?
For smart contract chains other than public chains like BTC, participants in DeFi, GameFi, PUMP, etc. are the 'end users'.
And the 'direct users' of the smart contract chain are smart contract developers.
I created an ecological layering diagram for smart contract chains.
From the map, it can be seen that the direct users of the smart contract chain are developers of smart contracts or dAPPs, and the direct users of smart contracts or dAPPs are participants in products such as DeFi, GameFi, PUMP, etc.
If there are no smart contract developers and no dAPPs, then there should be very few users participating in the ecosystem.
❚ Developer Friendly
Therefore, smart contract developers are crucial.
Brother Bee has expressed this view more than once: in this world, it is not the demand that changes, but the producers that change.
Producers find ways to make money, thus innovating various products and creating demand.
It is not because we want a peer-to-peer cash network that Bitcoin came into existence.
It is because Satoshi Nakamoto developed Bitcoin that we realized the beauty of this decentralized value network.
Therefore, with more applications, and even innovative applications on the smart contract chain, a prosperous ecosystem will emerge.
Thus, developer friendliness is a very key factor.
❚ EVM
It is precisely because EVM is developer-friendly that innovations like Maker, Uniswap, CurveSwap, etc. have emerged.
In fact, the market, especially retail investors, may overlook developers and EVM.
Actually, the Cosmos virtual machine has some advantages over EVM in terms of security. However, the span of the Cosmos ecosystem is significantly different from that of the EVM ecosystem.
These chains in the MetaMask wallet are all part of the EVM ecosystem, including many Layer2, BSC chains, and even Tron chains...
EVM development has many mature tools, environments, and tutorials...
❚ MoveVM
Brother Bee knows little about MoveVM. However, a developer @liu_web3 summarized it this way:
For developers, the current ranking is approximately:
Move public chain > EVM (Solidity) > Solana.
Some friends may express doubt about this; data can clarify the issue:
According to Token Terminal data, in the past year, the highest number of contract developers were on Base, followed by Polygon, BSC chain, Ethereum mainnet, Arbitrum, Tron... the top 20 are almost all EVM chains.
Of course, there is also Aptos from the Move language family.
Note that Solana, as the second-largest smart contract chain by market capitalization, has very few contract developers on its chain.
❚ Two Rounds of Explosion in Smart Contract Chains
Brother Bee observes an analysis that smart contract chains will experience at least two rounds of explosion.
• The first round is the speculation round.
A narrative with strong background or technology, or both, will bring about the first round of speculation.
In 2017, ETH had an ICO, but there were actually no large-scale applications to participate in.
In 2021, SOL, with VC investment in the secondary market, brought about a huge market value for SOL, but at that time there was also no large-scale participating ecosystem.
• The second round is the ecological round.
In 2021, the Ethereum DeFi ecosystem exploded.
In 2024, the Solana MEME ecosystem will explode.
The reason there are two rounds of explosion is that moving from technology to ecology requires an innovative process.
Of course, the leading innovator in this process is the smart contract developer.
In the earlier data chart, the number of contract developers in Aptos is still not many, precisely because the Move language is currently in this transitional phase from technology to ecology.
❚ EVM Compatibility with MoveVM
Back to Movement, Movement is compatible with EVM, and EVM has a mature development environment, tools, and tutorials, as well as developers. This means that the transitional process required from technology to ecology may be shortened on Movement.
In the next round, the Move language, including Sui, Aptos, and Movement, may form a new ecological explosion, at which point Movement will still not be absent.
Movement's compatibility with EVM provides a good development environment and foundation for both the short-term and long-term development of Movement's ecosystem.
On the other hand, in terms of interoperability between EVM and MoveVM, Movement also has relative advantages, providing a possibility for the Move ecosystem and EVM ecosystem to interoperate and become a hub.
➤ In Conclusion
Binance airdropped Move to users, which makes me feel that the Binance I like has returned.
Binance has continuously launched several market-hot MEME coins, which is certainly understandable. However, Brother Bee still prefers projects with technological innovation.
Brother Bee once defined what constitutes a good narrative, mainly focusing on three factors:
First, on the demand side, it can bring urgent needs. Movement, due to its compatibility with EVM and MoveVM, allows developers to easily develop ecosystem products, which may rapidly create ecosystem heat in this market cycle, and may again explode in the next round in the Move language family.
Second, on the supply side, it has a high technical threshold. Movement's realization of compatibility between EVM and MoveVM clearly possesses technical content.
Third, in terms of sentiment, new sectors are more likely to be welcomed by the market. The Move language itself is a new sector, and compatibility with EVM and MoveVM is also a new narrative within this new sector.
In summary, compatibility with EVM and MoveVM is the core competitiveness of Movement, possessing extremely strong uniqueness and difficult-to-imitate characteristics. On one hand, it has emotional influence as a new narrative, and on the other hand, it is developer-friendly, laying a better foundation for the ecosystem.
