Movement Network Foundation Announces Public Mainnet | Crypto News

Innovative day-one liquidity fuels the most recent Move blockchain community launch

GRAND CAYMAN, Cayman Islands, March 10, 2025 /PRNewswire/ — The Movement Network Foundation, the group devoted to advancing MoveVM technology, right this moment introduced the profitable launch of Movement Public Mainnet Beta, with an spectacular $250M in at-launch Total Value Locked (TVL) from the Cornucopia program. This milestone permits permissionless good contract deployment and consumer onboarding for the primary time and permits everybody to freely construct on and use Movement, the one Move-based chain that settles to Ethereum.

Cornucopia Deepens Liquidity

“Securing over $233 million in TVL through our Cornucopia program is a clear validation of the market’s confidence in Movement,” stated Cooper Scanlon, Co-Founder of Movement Labs. “This level of day-one liquidity is exceptionally rare for a new network and gives us, our builders, and our community a significant advantage. It allows us to skip the months-long bootstrapping phase and immediately provide the foundation needed for meaningful DeFi adoption and utility.”

Cornucopia supplies Movement Network with substantial day-one liquidity throughout BTC, ETH, MOVE, and stablecoin property, addressing one of the first challenges new networks face: the “cold start” drawback. Developed with industry leaders together with Concrete, Veda Labs, Echelon and Canopy, this sturdy financial basis permits Movement to help refined DeFi purposes from day one.

Public Mainnet Beta Launch: Features

Movement Network is a secure and scalable community of Move-based chains secured by Ethereum, creating safer execution environments by the Move programming language initially developed by Meta to energy safer, higher digital economies. Movement is the Network’s first chain.

Public Mainnet Beta key options:

• Permissionless good contract deployment
• Full consumer onboarding and engagement
• Attestations of block states can be dedicated to Ethereum as half of the Movement’s Fast Finality Settlement.
• Canonical Movement bridge through LayerZero

“With Public Mainnet Beta, developers can now deploy smart contracts without approval, and users can freely engage with the Movement ecosystem. This marks the beginning of a new chapter for Move-based technology, combining robust security and better performance with Ethereum‘s network affects” added Rushi Manche, Co-Founder, Movement Labs.

The launch options the canonical Movement bridge powered by LayerZero, enabling customers to seamlessly switch MOVE (the community’s native fuel token), USDT, USDC, wBTC, wETH, and more to the Movement chain.

The Movement Network Foundation will proceed to launch extra options over time because the ecosystem evolves.

For more details about Movement Public Mainnet Beta, For more details about Movement’s Developer Mainnet, go to movementnetwork.xyz or comply with @movementlabsxyz, @movementfdn, @moveecosystem @Move_Collective on Twitter.

About Movement Network Foundation
Movement Network Foundation is the driving pressure behind the Movement ecosystem, devoted to fostering innovation and advancing the adoption of MoveVM technology. The basis oversees the development of Movement Network, a next-gen resolution constructed utilizing MoveVM that settles to Ethereum. Through its MoveDrop program and ecosystem initiatives, the muse helps builders, initiatives, and neighborhood contributors building decentralized purposes. Learn more at movementfdn.xyz or comply with @movementfdn on X.

MEDIA CONTACT:
Carmen Pearson
Head of PR & Communications
Movement Labs
Carmen.Pearson@MovementLabs.xyz

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SOURCE Movement Network Foundation

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