The Movement Network Foundation has officially launched its Movement Public Mainnet Beta on March 10, 2025, at 8:00 AM PST (15:00 UTC), introducing permissionless smart contract deployment and a canonical Movement bridge, according to a press release shared with crypto news outlets.
As the first Move-based blockchain to settle on Ethereum, Movement offers developers and users unprecedented freedom to build and engage with its ecosystem, marking a significant milestone for Move-based technology. The mainnet’s launch, powered by Ethereum’s infrastructure, allows for full user onboarding and seamless integration, enabling developers to deploy smart contracts without prior approval—a feature inspired by Ethereum’s permissionless model.
Key features of the Movement Public Mainnet include a canonical bridge, facilitated by LayerZero, which enables users to transfer the network’s native gas token, MOVE, along with major cryptocurrencies like USDT, USDC, wBTC, wETH, and others to the Movement chain. This bridge enhances interoperability, while the Fast Finality Settlement ensures block state attestations are committed to Ethereum, boosting security and performance. Movement Labs co-founder Rushi Manche described the launch as “the beginning of a new chapter for Move-based technology, combining robust security and better performance with Ethereum’s network effects,” highlighting its potential to transform decentralized applications (dApps) and user experiences. Stay informed on blockchain innovations with Crypto Market Insights on news.thecoininfo.com, and explore in-depth analysis on The Coin Info Hub at thecoininfo.com.
The mainnet also addresses liquidity challenges through the Cornucopia program, providing day-one liquidity for BTC, ETH, MOVE, and stablecoin assets. This solves the “cold start” problem many new networks face, ensuring robust support for DeFi applications from launch. Movement Labs has secured over $233 million in total value locked (TVL) through strategic partnerships with industry leaders, including Concrete, Veda Labs, Echelon, and Canopy, as noted by co-founder Cooper Scanlon: “Securing over $233 million in TVL through our Cornucopia program is a clear validation of the market’s confidence in Movement.” As the ecosystem evolves, Movement plans to introduce more features, fostering a vibrant community of developers and users focused on DeFi, AI, and beyond. For crypto investors and developers, this launch signals new opportunities in Move-based blockchain technology, but its success will depend on adoption and scalability. Resources like Crypto News Updates on news.thecoininfo.com can keep you updated on this developing story.
