Movement Labs to Unify Liquidity and Community of MoveVM-Based L2 Chains with AggLayer

July 30, 2024

Movement Labs to Unify Liquidity and Community of MoveVM-Based L2 Chains with AggLayer

Movement testnet boasts $160M in committed TVL, paving the way for seamless AggLayer integration of future MoveVM-based chains

A core principle of the AggLayer is minimalism.

From a design perspective, that means the AggLayer endeavors to be as unopinionated as possible about what kinds of chains connect. Relying on the pessimistic proof for secure cross-chain transactions, the AggLayer will eventually enable a diversity of different chains to join and unify liquidity and users.

Today, Movement Labs, focused on growing the Move smart contract language, is taking a big step toward expanding what chains can join the AggLayer by announcing that MoveVM-based L2s can join the AggLayer, unifying liquidity and user bases across all aggregated chains.

This integration makes Movement the first Move-based network to utilize the AggLayer, effectively bridging the gap between Move and EVM ecosystems.

Coinciding with the launch of the public testnet for Movement Labs, with $160 million in committed Total Value Locked (TVL) before mainnet, this announcement will enable a future where MoveVM-based chains can seamlessly interoperate with the liquidity and users of any AggChain.

All Movement chains built with Move Stack, a rollup kit for designing and launching parallelizable MoveVM chains, will have the option to integrate with the AggLayer, expanding the aggregated network of unified liquidity and shared users.

Movement Labs is building an integrated network focused on growing the Move programming language, with parallelized execution and better developer efficiency. That can make Move chains really fast.

With MoveVM, a marriage of Move and the EVM, developers can deploy Solidity contracts without modifying code, while remaining secure.

And with Move Stack, devs can leverage the power of Move to design and spec out parallelized appchains to fit their needs.

Movement Labs recently launched the testnet of its new groundbreaking Rollup-as-a-Service platform, which is already seeing huge demand for deployments.

With this collaboration, the AggLayer takes another step in enabling new and different kinds of aggregated chains to join. By taking advantage of aggregation, developers can now unlock growth at the size of the internet.

Learn more about aggregation with the Beginner’s Guide to Aggregated Blockchains, and tune into the blog and social channels to keep up with updates about Polygon.

The future of Web3 is aggregated.