What is Movement Network (MOVE)?
Movement Network (MOVE) is a Layer 2 (L2) blockchain solution designed to merge the security of the Move programming language with Ethereum’s liquidity. It serves as a Move-EVM compatible platform, allowing developers to build scalable, secure, and interoperable decentralised applications (dApps). By integrating MoveVM with Ethereum and other blockchain ecosystems, Movement Network enhances efficiency, security, and cross-chain functionality.
How does Movement Network (MOVE) work?
Movement Network operates as a Layer 2 blockchain leveraging the MoveVM to enable seamless integration with Ethereum, Aptos, and Sui. Key components include:
- Move-EVM compatibility layer – Allows Solidity smart contracts to run on MoveVM via the Fractal interpreter.
- High-performance transactions – Achieves 30,000+ TPS using parallel processing with Block-STM.
- Smart contract security – Uses Move’s safety features to prevent common vulnerabilities.
- Fast-finality settlement mechanism – Validators stake $MOVE tokens to secure the network efficiently.
Movement Network enhances scalability and interoperability, making it a developer-friendly environment for building next-generation blockchain applications.
What are the potential use cases for Movement Network (MOVE)?
Movement Network provides infrastructure for scalable blockchain applications, particularly in:
- Decentralised application (dApp) development – Enables secure and efficient smart contract execution.
- Decentralised finance (DeFi) – Supports high-performance DeFi applications with low transaction costs.
- GameFi and multi-chain applications – Enhances gaming ecosystems through fast and secure transactions.
Notable partnerships include:
- Binance Labs, Polychain Capital, Aptos, and OKX Ventures – Provided funding and strategic support.
- Listings on major exchanges like Binance, Upbit, and Bithumb.
What is the history of Movement Network (MOVE)?
Movement Network was developed by Movement Labs, with backing from top blockchain investors. While its exact founding date is not specified, key milestones include:
- Raised $38 million in a Series A funding round.
- Listed the MOVE token on major exchanges such as Binance, Upbit, and Bithumb.
- Achieved a market capitalisation of $1.3 billion shortly after launch.
- Introduced the Move-EVM compatibility layer and Fractal interpreter for cross-chain smart contract execution.
As a leader in blockchain interoperability, Movement Network continues to focus on scalability, security, and developer-friendly infrastructure, bridging the gap between Ethereum and Move-based ecosystems.