#United States #Blockchain #Cayman Islands #Movement Network #MoveVM

Movement Network Foundation Launches Public Mainnet Beta

On March 10, 2025, the Movement Network Foundation announced the successful launch of the beta version of its public mainnet, showcasing a remarkable Total Value Locked (TVL) of over $250 million. This launch marks a significant milestone for the Movement project, which is dedicated to advancing the MoveVM technology.

The public mainnet's beta version was initiated through the Cornucopia program, which has attracted substantial market confidence. According to Cooper Scanlon, co-founder of Movement Labs, “Securing over $250 million in TVL through our Cornucopia program is a clear validation of market trust in Movement.” Such a high liquidity level at the onset is extremely rare for a new network, providing the foundation necessary for meaningful adoption and practical utilization in decentralized finance (DeFi).

Cornucopia not only addresses liquidity concerns but also empowers the Movement Network to mitigate one of the significant challenges faced by new networks—avoiding the cold-start problem. It is built with industry leaders like Concrete, Veda Labs, Echelon, and Canopy contributing to a robust financial platform, enabling sophisticated DeFi applications from day one.

Key Features of the Mainnet Beta Launch

The Movement Network is a secure and scalable network of Move-based blockchains shielded by Ethereum. It creates safer execution environments through the Move programming language, originally developed by Meta, which enhances digital economies. Here are some prominent features of the mainnet beta:

1. Permissionless Smart Contracts: Developers now have the freedom to deploy smart contracts without needing prior approval, fostering innovation and speed.
2. Complete User Integration: All users can engage fully with the ecosystem, allowing broader participation and accessibility.
3. Block State Certainty: The certification of block states will be transmitted to Ethereum, ensuring swift transaction settlements and enhancing trust in the network.
4. Canonical Movement Bridge via LayerZero: This feature allows seamless transfer of various assets, including MOVE (the native gas token), USDT, USDC, wBTC, and wETH to the Movement blockchain.

Co-founder Rushi Manche emphasized that launching the beta version is a transformative step for Move technology, combining robust security and enhanced performance with the vast network effects of Ethereum. This new capability opens avenues for developers to build and design without unnecessary bureaucratic limitations, thus invigorating the ecosystem.

As the Movement Network evolves, the Foundation plans to introduce more features over time, enhancing the user experience and expanding the capabilities of the platform. For the latest updates and further insights on the Movement public mainnet beta, interested parties can visit movementnetwork.xyz or follow them on Twitter: @movementlabsxyz, @movementfdn, @moveecosystem, and @Move_Collective.

About Movement Network Foundation

The Movement Network Foundation is the driving force behind the Movement ecosystem, committed to fostering innovation and promoting the adoption of MoveVM technology. The Foundation oversees the development of Movement Network, a next-gen solution built with MoveVM and integrated with Ethereum. Through its MoveDrop program and various ecosystem initiatives, the Foundation supports developers, projects, and community contributors working on decentralized applications.

For further inquiries, media representatives can reach out to Carmen Pearson, PR and Communications Director at Movement Labs, via email at [Carmen's email].