Movement Labs has been integrated into AggLayer to build unified liquidity for Move Layer2

Movement Labs, the open-source tooling for the Move smart contract language, and Polygon Labs , which is building a converged blockchain network, today announced a new strategic collaboration, marking an important milestone in the development of blockchain interoperability.

Movement Labs will be integrated into the AggLayer, an aggregation network developed by Polygon Labs, to achieve unified liquidity between Layer 2 based on MoveVM, all blockchains connected to AggLayer, and Ethereum. This integration will make Movement the first Move-based network to utilize AggLayer, effectively breaking down the barriers between the Move and EVM ecosystems.

At the same time as this collaboration was reached, Movement Labs also launched its own public testnet, which has now attracted $160 million in total locked value (TVL) commitments - Bitcoin liquidity protocol Solv Protocol has pledged to lock up $100 million in TVL on Movement; Movement Labs investors including 280 Capital have also committed to lock up an additional $60 million in TVL.

The key to this collaboration is that AggLayer will serve as the foundation for unifying the liquidity of all these networks (including MoveVM blockchains, AggChains, and Ethereum), solving the problem of liquidity fragmentation in the blockchain field. The first batch of AggLayer components were launched in February and securely connected multiple sovereign chains, unifying the liquidity, users, and status of multiple chains as if they were a single chain. By solving the long-standing fragmentation problem in the cryptocurrency field, AggLayer enables developers to build various projects in a multi-chain network that is nearly infinitely scalable and can be seamlessly connected.

Movement uses Celestias Data Availability (DA) solution to achieve higher performance off-chain transaction data publishing while ensuring reliance on Ethereum for settlement. As the industrys leading DA layer project, Celestia allows developers to expand capacity without permission, thereby building some applications with higher throughput requirements.

By leveraging Polygon technology, Movement Labs aims to create an efficient, secure, and interoperable blockchain environment that addresses Web3 challenges including liquidity fragmentation and user experience.

Rushi Manche, co-founder of Movement Labs, said: Our platform solves a key need in the Web3 ecosystem. Developers no longer have to choose between the trusted Ethereum environment and the security of other Layer 1. Movement provides the best of both worlds - it maintains the operational inertia of Ethereum Layer 2 and improves security and performance using the Move language. This will enable projects to deploy more confidently, while taking advantage of the powerful economic benefits of the Ethereum system and guarding against common vulnerabilities.

Marc Boiron, CEO of Polygon Labs, said: AggLayers mission is to achieve the full unification of Web3 by bringing together as many users, developers, programming languages, smart contracts, blockchains, and liquidity as possible. Introducing blockchains within the Movement network to AggLayer can accelerate this mission and bring Web3 closer to unlimited interoperability. This collaboration can greatly alleviate some of the most pressing challenges in Web3, such as isolated liquidity and fragmented user experience, which are currently key issues hindering the large-scale adoption of Web3.

The Movement Labs public testnet launch revealed six different types of Web3 projects that have been deployed on the Movement testnet:

• Echelon : An efficient money market that aims to drive the development of Move-based DeFi through LST, RWA and stablecoin-related strategies.

• Moveposition : A decentralized lending platform based on Movement, driven by an institutional-grade risk engine and using an adaptive risk management mechanism to provide users with a reliable and accurate way to manage their assets.

• Meridian : A decentralized liquidity market and liquidity staking protocol native to Movement, enabling users to seamlessly earn yield and trade on their assets.

• Avitus : A Movement-native perpetual contract protocol that allows the use of any asset as trading collateral, which means that users can use their existing positions to trade contracts without converting to blue-chip assets.

• BRKT : A decentralized prediction market and competition management protocol.

• Infinite Seas : A fully on-chain naval combat themed MMO game.

This collaboration and the successful launch of the testnet represent an important step for Movement on its Road to Parthenon .

By integrating into AggLayer, Movement allows developers to deploy Solidity contracts on Move-based chains without code modification, while also benefiting from Moves optimized security features - these features can eliminate 90% of the risks that are prioritized in security audits. This integration not only strengthens interoperability, but will also pave the way for innovation and adoption of blockchain.

About Movement Labs

Movement Labs is the innovative team behind the Movement Network, an ecosystem of modular Move-based blockchains that enables developers to build secure, high-performance, and interoperable blockchain applications to bridge the gap between the Move and EVM ecosystems. The organization is developing Ethereums first Move VM Layer 2, and is also developing open source tools and protocols to promote the adoption of the Move programming language in the blockchain ecosystem. With Movement, developers can easily launch high-performance Move VM Rollups. With the completion of a $38 million Series A financing round led by Polychain Capital and participated by Binance Labs, Hack VC, Placeholder, OKX Ventures, and Archetype, Movement Labs aims to revolutionize blockchain interoperability and advance Move-based technology in the Web3 space.

About Polygon Labs

Polygon Labs is a software development company that is building and growing a converged blockchain network that provides cross-chain interoperability through the decentralized protocol AggLayer on Ethereum, unifying users and liquidity of all related chains. Polygon Labs is also involved in the development of several widely adopted scaling protocols, including Polygon PoS, Polygon CDK and Polygon zkEVM, as well as Polygon Miden, which is under development.

About Solv Protocol

Solv Protocol is committed to developing a decentralized Bitcoin reserve with the goal of unlocking the full potential of over $1 trillion in Bitcoin assets through liquid consensus infrastructure.

About 280 Capital

280 Capital manages $2.5 billion in assets and has been active in the Web3 space since 2014.

About Celestia

Celestia is a modular data availability network that enables anyone to easily and securely launch their own blockchain