Movement’s Public Mainnet Beta Launches with $233 Million in Liquidity
Movement's public mainnet is launching in beta on Monday, enabling the deployment of the Movement Virtual Machine (MoveVM) on Ethereum.
- The mainnet will feature over $233 million in liquidity, including BTC, ETH, and MOVE assets raised through the Cornucopia program.
- Smart contracts can be deployed, allowing users to build on the network for the first time.
- Move was initially developed by Facebook for a digital currency project that was abandoned in early 2022.
- The technology has been utilized in layer-1 networks like Sui and Aptos, and now extends to an Ethereum layer 2 via Movement Labs.