The Movement Foundation, whose mission is to promote technological innovation and adoption of MoveVM technology, today officially announced that the Movement developer mainnet has been deployed and will continue to advance its public mainnet development process. This phase continues the strong momentum of the mainnet launch in early December 2024 and lays the foundation for the Movement beta public mainnet scheduled to be launched in mid-February 2025.
As part of this milestone plan, the Movement Foundation said it will also launch a multi-asset liquidity event Cornucopia in tandem with the public mainnet beta. It is reported that the plan aims to accelerate the growth of the Movement ecosystem by providing the necessary basic liquidity for DeFi applications, improving deep market efficiency, and promoting the widespread adoption of the protocol in the early stages.
The program is jointly developed by Concrete , Veda Labs , Echelon and Canopy , and will launch multiple exclusive vaults: BTC vaults mainly include Lombard , Lorenzo BTC and SolveBTC ; ETH vaults will include EtherFi and Renzo (ezETH ); MOVE vaults will include Movement ecosystem liquidity staking protocols such as Thunderhead , Movernance and Meridian . The core component of the program is the Ethena stablecoin vault worth $100 million, as a strong support and high recognition of the institution for the Movement DeFi ecosystem.
On December 9, 2024, the Movement Network initial mainnet beta with relatively limited functionality was officially launched, mainly including permissioned smart contracts and commemorative NFTs. The network makes it possible to deploy basic components including follower nodes and indexers.
Today, the launch of the developer mainnet will make it easier for many Movement ecosystem partners to deploy related protocols and applications on the Movement network. From now until mid-February, the development team will systematically deploy relevant core infrastructure and test integration to provide a stable development environment for the launch of the public mainnet beta.
Key Milestones of Movement Launch
Developer mainnet launch: January 28
Core infrastructure deployment started
Dedicated partnership and DeFi protocol deployment window opens
Technical documentation and developer resources released
Public mainnet beta launch: mid-February
Complete network functions are fully launched
Bridging support via LayerZero integration
Permissionless DApp deployment
Cooper Scanlon, co-founder of Movement Labs, said: “The deployment of the Movement developer mainnet and Cornucopia marks the beginning of a new era in blockchain development. By designing a launch structure that includes technical infrastructure and initial DeFi liquidity, we are creating an ecosystem where developers can leverage the powerful security features of the Move ecosystem while also tapping into the vast resources of the Ethereum ecosystem. This coordinated approach will ensure we deliver immediate value to developers and users.”
To learn more about the Movement developer mainnet and public mainnet beta, visit movementnetwork.xyz or follow @movementlabsxyz , @movementfdn , @moveecosystem , and @Move_Collective .
Movement Labs
Movement Labs is committed to developing the Movement Network, a blockchain ecosystem based on the modular Move language. The company is building the first Move language virtual machine L2 network and related open source tools for the Ethereum ecosystem to promote the widespread adoption of the Move language in the blockchain ecosystem. Its platform can help developers easily launch high-performance Move VM Rollups and connect the Move ecosystem with the EVM ecosystem. Through the Move Collective accelerator program, Movement Labs has incubated more than 12 innovative projects and teams, greatly promoting the growth of the application ecosystem based on the Move language. With $38 million in Series A funding, Movement Labs is advancing Move-based technology and blockchain interoperability in Web3. Please follow Movement Labs on X and Discord for the latest updates.
Movement Network Foundation
The Movement Network Foundation is the core force driving the development of the Movement ecosystem, committed to promoting technological innovation and promoting the adoption of MoveVM technology. The Foundation is responsible for overseeing the development of the Movement Network, which is a leading L2 solution built with MoveVM and settled to Ethereum. Through its MoveDrop program and ecosystem initiatives, it provides support for developers, projects, and community contributors to build the next generation of decentralized applications.
For more information, visit movementfdn.xyz or follow @movementfdn .
