A Move-EVM L2 on Ethereum

Dec 9th, 2024

  • 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 owers transaction fees for Movement Network L2 and other Move-based L2s built on MoveStack.

    • Governance: $M$MOVE lders participate in network governance, voting on proposals to shape the future of Movement.

    • Collateral and Liquidity: Applications use $MO$MOVE 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 and parallelize -- while offering full bytecode-co 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 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)

Token Name MOVE

Token Type [ERC-20, Native]

Initial Circ. Supply When Listed on Binance 22.5%

Total and Maximum Token Supply 10,000,000,000

Current Circulating Supply 22.50%

Airdrop Allocation 2.00% (Season 1)

  1. 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 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 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

  1. Movement has more than 60+ live on testnet today (testnet.movementlabs.xyz/apps) with $600M+ in committed TVL on mainnet launch.

  1. Token sales and economics

Token Distribution

https://www.movementnetwork.xyz/article/movement-foundation-move-token 

 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