According to BlockBeats, the Ethereum Layer 2 network, Movement, announced on social media that it is set to launch its testnet on July 16. This development marks a significant step for the network as it aims to enhance scalability and reduce transaction costs on the Ethereum blockchain. The introduction of the testnet will allow developers and users to experiment with the network's features and provide feedback for further improvements. Movement's initiative is part of a broader trend within the Ethereum ecosystem to address scalability issues and improve overall network efficiency.