Movement Network Foundation Launches Public Mainnet Beta with Over $250M Total Value Locked

Movement Network Foundation Launches Public Mainnet Beta



On March 10, 2025, the Movement Network Foundation, a pioneer in the realm of MoveVM technology, announced the successful launch of its Public Mainnet Beta. This noteworthy event is marked by a substantial $250 million in Total Value Locked (TVL) originating from the foundation’s innovative Cornucopia program. This achievement is a significant milestone, enabling developers to deploy permissionless smart contracts and allowing users unprecedented access to engage with the Movement ecosystem for the first time.

The Cornucopia program has emerged as a key player in boosting liquidity right out of the gate. According to Cooper Scanlon, Co-Founder of Movement Labs, securing over $233 million through this program is a strong indicator of market confidence in the Movement Network. Such substantial day-one liquidity is a rare achievement for any new blockchain initiative, positioning the Movement Network and its community advantageously and expediting the DeFi adoption process.

Addressing the Cold Start Problem



Typically, new blockchain networks grapple with what is known as the 'cold start' problem, where a lack of initial liquidity hampers user engagement and application development. However, the Movement Network, through its Cornucopia program, has laid a robust financial groundwork to tackle this challenge. Collaborating with industry leaders such as Concrete, Veda Labs, Echelon, and Canopy, Movement is set to launch advanced DeFi applications right from the beginning, eliminating the usual wait time typically associated with new networks.

Features of the Public Mainnet Beta



The Movement Network operates as a secure and scalable framework comprising Move-based chains, with security measures anchored by Ethereum. The programming language Move was originally developed by Meta to foster safer and better digital economies. Now, with its first chain live, the Public Mainnet Beta rolls out an impressive suite of features:

  • - Permissionless Smart Contract Deployment: Developers can now deploy smart contracts without requiring prior approval, promoting innovation and rapid development.
  • - User Engagement: Full user onboarding has been enabled, fostering a vibrant ecosystem for both builders and users alike.
  • - Fast Finality Settlement: Block state attestations will be committed directly to Ethereum, ensuring reliability and efficiency.
  • - Canonical Movement Bridge: Powered by LayerZero, this feature allows seamless transfers of MOVE (the native gas token), USDT, USDC, wBTC, wETH, and other assets across the Movement chain.

Rushi Manche, also a Co-Founder of Movement Labs, expressed excitement about the Public Mainnet Beta, stating that this launch signifies the advent of a new chapter for Move-based technology—a chapter defined by combining enhanced security with Ethereum's extensive network effects.

The Road Ahead for Movement Network



The Movement Network Foundation is committed to further enhancing the platform by gradually rolling out additional features and tools as the ecosystem expands. As the adoption of Decentralized Applications (DApps) grows, the foundation aims to bolster support for developers and contributors through programs such as MoveDrop, fostering a collaborative environment that encourages innovation and community involvement.

For further details on the Movement Public Mainnet Beta and developments related to Movement’s Developer Mainnet, enthusiasts can visit movementnetwork.xyz or follow them on social media platforms to stay updated.

About Movement Network Foundation



The Movement Network Foundation serves as the cornerstone of the Movement ecosystem, dedicated to pushing the limits of innovation and enhancing the adoption of MoveVM technology. Their overarching goal is to build a next-generation solution that connects seamlessly with Ethereum while supporting a diverse range of decentralized applications. Their engagement with developers and projects in the community is vital for the development of a resilient and cutting-edge ecosystem in blockchain technology.

For media inquiries, feel free to reach out to Carmen Pearson, Head of PR & Communications at Movement Labs.

Topics Consumer Technology)

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