The Movement Foundation, which aims to drive technological innovation and the adoption of MoveVM technology, today officially announced that the Movement developer mainnet has been deployed and launched, and will continue to advance the development of its public mainnet. This phase builds on the strong momentum of the mainnet launch in early December 2024, and lays the foundation for the planned public mainnet testnet launch in mid-February 2025.
As part of this milestone plan, the Movement Foundation stated that it will also launch the multi-asset liquidity activity Cornucopia in sync with the public mainnet testnet. The plan is reportedly aimed at improving deep market efficiency by providing the necessary base liquidity for DeFi applications, getting an early start to promote widespread adoption of the protocol, and accelerating the growth of the Movement ecosystem.
The plan, co-developed by Concrete, Veda Labs, Echelon and Canopy, will launch multiple dedicated vaults: the BTC vault will primarily include Lombard, Lorenzo BTC and SolveBTC; the ETH vault will include EtherFi and Renzo (ezETH); the MOVE vault will include Movement ecosystem liquid staking protocols such as Thunderhead, Movernance and Meridian. The core component of the plan is a $100 million Ethena stablecoin vault, which represents strong institutional support and high recognition for the Movement DeFi ecosystem.
On December 9, 2024, the initial Movement Network mainnet testnet, with relatively limited functionality, was officially launched, primarily including permissioned smart contracts and commemorative Non-Fungible Tokens (NFTs). The network provided the possibility for the deployment of basic components including follower nodes and indexers.
Today, the release of the developer mainnet will facilitate the deployment of relevant protocols and applications by many Movement ecosystem partners on the Movement network. From now until mid-February, the development team will systematically deploy the relevant core infrastructure and test the integration, providing a stable development environment for the launch of the public mainnet testnet.
Key Milestones of Movement Launch
Developer Mainnet Launch: January 28
Core infrastructure deployment initiated
Dedicated partner and DeFi protocol deployment window opened
Technical documentation and developer resources released
Public Mainnet Testnet Launch: Mid-February
Comprehensive network functionality fully launched
Bridging support provided through LayerZero integration
Permissionless DApp deployment
Movement Labs co-founder Cooper Scanlon said, "The deployment of the Movement developer mainnet and Cornucopia marks the beginning of a new era in blockchain development. Through the 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."
For more information on the Movement developer mainnet and public mainnet testnet, please visit movementnetwork.xyz or follow the related X platform accounts @movementlabsxyz, @movementfdn, @moveecosystem and @Move_Collective.
Movement Labs
Movement Labs is dedicated to developing the Movement Network blockchain ecosystem based on the modular Move language. The company is building the first Move language virtual machine L2 network for the Ethereum ecosystem, as well as related open-source tools, to drive widespread adoption of the Move language in the blockchain ecosystem. Its platform can help developers easily launch high-performance Move VM Rollups, connecting the Move ecosystem with the EVM ecosystem. Through the Move Collective accelerator program, Movement Labs has incubated over 12 innovative projects and teams, greatly promoting the growth of the Move language-based application ecosystem. With $38 million in Series A funding, Movement Labs is advancing Move language-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 driving force behind the development of the Movement ecosystem, dedicated to promoting technological innovation and the adoption of MoveVM technology. The foundation is responsible for overseeing the development of the Movement Network, which is a leading L2 solution built and settled on Ethereum using the MoveVM. 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, please visit movementfdn.xyz or follow the official @movementfdn account.
