Movement Network Foundation Announces Public Mainnet Beta Now Live with $250M+ TVL

Innovative day-one liquidity fuels the latest Move blockchain network launch

GRAND CAYMAN,Cayman Islands,March 10, 2025/PRNewswire/ -- TheMovement Network Foundation,the organization dedicated to advancing MoveVM technology, today announced the successful launch of Movement Public Mainnet Beta, with an impressive$250M in at-launch Total Value Locked (TVL)from theCornucopia program. This milestone enables permissionless smart contract deployment and user onboarding for the first time and allows everyone to freely build on and use Movement, the only Move-based chain that settles to Ethereum.

Cornucopia Deepens Liquidity

"Securing over$233 millionin TVL through our Cornucopia program is a clear validation of the market's confidence in Movement,"saidCooper Scanlon, Co-Founder of Movement Labs."This level of day-one liquidity is exceptionally rare for a new network and gives us, our builders, and our community a significant advantage. It allows us to skip the months-long bootstrapping phase and immediately provide the foundation needed for meaningful DeFi adoption and utility."

Cornucopiaprovides Movement Network with substantial day-one liquidity across BTC, ETH, MOVE, and stablecoin assets, addressing one of the primary challenges new networks face: the"cold start"problem. Developed with industry leaders includingConcrete,Veda Labs,EchelonandCanopy, this robust financial foundation enables Movement to support sophisticated DeFi applications from day one.

Public Mainnet Beta Launch: Features

Movement Networkis a secure and scalable network of Move-based chains secured by Ethereum, creating safer execution environments through the Move programming language originally developed by Meta to power safer, better digital economies. Movement is the Network's first chain.

Public Mainnet Beta key features:

  • Permissionless smart contract deployment
  • Full user onboarding and engagement
  • Attestations of block states will be committed to Ethereum as part of the Movement's Fast Finality Settlement.
  • Canonical Movement bridge via LayerZero

"With Public Mainnet Beta, developers can now deploy smart contracts without approval, and users can freely engage with the Movement ecosystem. This marks the beginning of a new chapter for Move-based technology, combining robust security and better performance with Ethereum's network affects"addedRushi Manche, Co-Founder, Movement Labs.

The launch features the canonical Movement bridge powered by LayerZero, enabling users to seamlessly transfer MOVE (the network's native gas token), USDT, USDC, wBTC, wETH, and more to the Movement chain.

The Movement Network Foundation will continue to launch additional features over time as the ecosystem evolves.

For more information about Movement Public Mainnet Beta, For more information about Movement's Developer Mainnet, visitmovementnetwork.xyzor follow@movementlabsxyz,@movementfdn,@moveecosystem@Move_Collectiveon Twitter.

About Movement Network Foundation

Movement Network Foundationis the driving force behind the Movement ecosystem, dedicated to fostering innovation and advancing the adoption of MoveVM technology. The foundation oversees the development of Movement Network, a next-gen solution built using MoveVM that settles to Ethereum. Through its MoveDrop program and ecosystem initiatives, the foundation supports developers, projects, and community contributors building decentralized applications. Learn more atmovementfdn.xyzor follow@movementfdnon X.

MEDIA CONTACT:

Carmen Pearson

Head of PR& Communications

Movement Labs

Carmen.Pearson@MovementLabs.xyz

 

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SOURCE Movement Network Foundation