Movement Labs

Movement Labs crypto company is building a network of modular blockchains and Ethereum rollups that operate using the Move programming language.

The first network built by the company is an Ethereum L2 network M2, powered by zero-knowledge and parallel processing technologies, with the potential to reach an impressive throughput capacity of 160,000 TPS.

It offers users extremely low gas fees and fast transaction execution while maintaining the native Ethereum level of security with a safety-focused smart contract approach written in the Move language. 

*Move is a programming language originally designed by Facebook for smart contract development, offering enhanced security that powers the protocol’s own MoveVM.

The Movement rollup combines three main components that facilitate M2’s high performance, security, and interoperability:

• Executor: The Move executor is the execution layer of the rollup and a key part of the Move-SDK. Movement blockchain supports both MoveVM and EVM languages, allowing developers to leverage the security-focused Move bytecode while being fully compatible with other Ethereum dApps;
• Staked Settlement Module: A network of nodes that stake assets to validate state transitions, ensuring economic security;
• Sequencer: A core component of the network that provides customizable transaction ordering, enhancing the chain's robustness and fairness.

Discover more information about the Movement network in its docs.

UPD: Movement has launched the Movement Mainnet. Users can now bridge assets to the network and start using ecosystem applications. More details are available in the article.

🪙 Movement Labs Token: Recently, the platform announced the release of its native Movement token which will be used as the main currency for paying fees, powering the staked settlement module, and participating in decentralized voting on the platform. It has also announced season 1 of the MoveDrop, dedicated to its early testnet participants. 

Considering this information, the CoinLaunch team decided to conduct in-depth research on the Movement crypto platform. Here are the most important details:

✅ Movement crypto network pros:

• Good concept and design of the product. Potentially a leading Ethereum L2 network with the highest TPS in the industry;
• The project has over 605K users one month after the launch of the testnet;
• Very high PR, Growth, and Influencer marketing scores;
• High SMM performance;
• Above-average marketing infrastructure and SEO scores.
• Over $41.4M raised from top-tier investors like Polychain, Binance Labs, OKX Ventures, and more;
• Diverse network of partners and future ecosystem members;
• CoinList highlighted the project’s incentive program, which often precedes the token sale on the launchpad; 
• Core team with significant work experience in Aptos, Bloomberg, and the Sui Foundation.

❌ Movement crypto network cons:

• No security audits of the product as it was launched a month ago.