Movement Labs Joins the AggLayer Developed by Polygon Labs, Bringing Unified Liquidity to Move-Based L2 Chains [Video]

Testnet Launch Attracts $160M in Committed TVL, Showcasing Strong Demand for Move Ecosystem

SAN FRANCISCO, July 30, 2024 /PRNewswire/ — Movement Labs, a network focused on open-source tooling for the Move smart contract language, and Polygon Labs, a software development company building an aggregated blockchain network, today announced a strategic collaboration that marks a significant milestone in blockchain interoperability. Movement Labs will join the AggLayer developed by Polygon Labs, enabling unified liquidity across MoveVM-based Layer-2 chains, all AggLayer-connected chains, and Ethereum. This integration makes Movement the first Move-based ecosystem to utilize the AggLayer, effectively bridging the gap between Move and EVM ecosystems.

The announcement coincides with the launch of Movement Labs’ public testnet, which has already attracted an impressive $160 million in committed Total Value Locked (TVL) before mainnet. Solv Protocol, pioneering a Decentralized Bitcoin Reserve, has pledged $100 millionin TVL on Movement. …