Catenaa, Wednesday, March 19, 2025 – The Movement Network Foundation has launched its Movement Public Mainnet Beta, marking a significant milestone in the blockchain industry.
The launch enables the first-ever permissionless smart contract deployment and user onboarding for its MoveVM-based technology, which settles on Ethereum. Movement’s key features include full user engagement and the ability for developers to deploy smart contracts without approval.
The network, which is a scalable ecosystem of Move-based chains secured by Ethereum, also introduced its canonical Movement bridge powered by LayerZero. This bridge allows the transfer of MOVE, USDT, USDC, wBTC, wETH, and other tokens to the Movement chain. Additionally, Movement’s Fast Finality Settlement will commit block state attestations to Ethereum.
Movement Labs secured a notable $250 million total value locked (TVL) on the launch day through its Cornucopia program. The program addresses the cold start problem by providing liquidity across BTC, ETH, MOVE, and stablecoins. This liquidity ensures the Movement network can support DeFi applications from day one, said Cooper Scanlon, co-founder of Movement Labs.
In another groundbreaking move, Movement announced the launch of the first US Movement exchange-traded fund (ETF) focused on the MOVE token. The ETF aims to offer exposure to the network through traditional financial systems, such as brokerage accounts and retirement plans. This innovative move is expected to open doors for institutional investors seeking regulated exposure to blockchain technology without directly managing tokens.
