#USA #Movement Network #MoveVM #Grand Cayman #Cornucopia

Movement Network Foundation Launches Public Mainnet Beta

On March 10, 2025, the Movement Network Foundation announced an exciting development in the blockchain space by launching the Movement Public Mainnet Beta. This groundbreaking release is noteworthy as it introduces the first-ever chance for users to deploy permissionless smart contracts on a network secured by Ethereum. The launch also boasts a remarkable Total Value Locked (TVL) of over $250 million through the Cornucopia program, which sets a solid foundation for robust decentralized finance (DeFi) applications.

The Importance of Cornucopia

Cooper Scanlon, co-founder of Movement Labs, emphasized the significance of the Cornucopia initiative, which successfully secured over $233 million in TVL. This achievement serves as a testament to market trust in the Movement ecosystem. The provision of substantial day-one liquidity is noteworthy and highlights a rare occurrence for a new network, allowing for immediate operational capabilities without the lengthy initial bootstrapping phase typically seen in blockchain launches.

The Cornucopia program addresses a common challenge faced by emerging networks, specifically the problem of a "cold start." In collaboration with industry leaders such as Concrete, Veda Labs, Echelon, and Canopy, this well-structured financial foundation allows Movement to support advanced DeFi applications right from the start.

Features of Public Mainnet Beta

Movement Network is recognized as a secure and scalable network built on Move-based chains, leveraging Ethereum's security features. The network enables the deployment of safer executable environments through the Move programming language initially developed by Meta, aiming to facilitate better and safer digital economies.

Key Features Include:

• - Permissionless Deployment: Developers can now deploy smart contracts without requiring approval, expediting innovation within the ecosystem.
• - User Onboarding: A comprehensive onboarding process allows users to engage with the Movement ecosystem effortlessly.
• - Block State Attestations: The system will log attestations of block states on Ethereum as part of its Fast Finality Settlement.
• - Movement Bridge via LayerZero: This facilitates seamless transfers of MOVE (the network’s native token), USDT, USDC, wBTC, wETH, and more.

Rushi Manche, co-founder of Movement Labs, remarked, "With Public Mainnet Beta, developers can deploy smart contracts without permit intervention, and users can freely participate in the Movement ecosystem. This signifies the beginning of a new era for Move-based technology, merging enhanced security and superior performance with Ethereum’s expansive network."

Future Development and Community Engagement

As the Movement ecosystem evolves, the Movement Network Foundation plans to continue introducing additional features that cater to developers, projects, and community members working on decentralized applications (dApps). To stay updated on the latest developments or become a part of this innovative journey, you can visit movementnetwork.xyz or follow them on Twitter @movementlabsxyz, @movementfdn, @moveecosystem, and @Move_Collective.

About Movement Network Foundation

The Movement Network Foundation plays a pivotal role in fostering innovation and promoting the adoption of MoveVM technology. It oversees the development of the Movement Network, a next-gen solution built using MoveVM and secured by Ethereum. Through initiatives like the MoveDrop program, the foundation supports and empowers developers and community participants in constructing ambitious dApps across its ecosystem.

For more information, visit movementfdn.xyz or find them on X under @movementfdn.