Movement Labs is supercharging its layer-2 network with a strategic partnership and a hefty investment boost.
Ethereum layer-2 network Movement Labs has announced an integration with Polygon Labs’ AggLayer to enhance blockchain interoperability and liquidity.
This strategic move coincides with a significant boost in investor confidence, as Movement Labs secured $160 million in total value locked (TVL) commitments for its upcoming mainnet launch.
On July 30, Movement Labs joined AggLayer — a key part of Polygon 2.0 — to enable unified liquidity across Move Virtual Machine-based layer-2 chains, all AggLayer-connected chains, and the Ethereum network.
Movement Labs co-founder Rushi Manche explained that this strategic collaboration bridges the gap between Move and Ethereum Virtual Machine (EVM) ecosystems.
He noted that developers will no longer need to choose between the trusted Ethereum environment and the security of alternative Layer-1s, as this partnership will protect Web3 projects from common vulnerabilities in the Ethereum ecosystem.
Meanwhile, Marc Boiron, CEO of Polygon Labs, emphasized:
“This collaboration will greatly help in alleviating some of the most pressing challenges in Web3 — siloed liquidity and fragmented user experience, which currently hinder mass adoption.”
Through the AggLayer partnership, Movement developers can deploy Solidity contracts on Move-based chains without code modification, avoiding 90% of auditor-prioritized attack vectors. Boiron views this collaboration as a significant step towards global interoperability, helping to resolve issues like siloed liquidity and fragmented user experiences that hinder mass adoption.
On the same day, Movement launched its public testnet, hosting six Web3 projects: money market Echelon, decentralized lending platform Moveposition, liquidity marketplace and staking protocol Meridian, perpetual protocol Avitus, prediction market BRKT, and the massive multiplayer online game Infinite Seas.
Additionally, Movement announced a $160 million TVL commitment for its upcoming mainnet launch. Among the contributors, Solv Protocol, a decentralized Bitcoin reserve, pledged $100 million, while new and existing investors in Movement Labs committed $60 million in TVL.
In April, Movement Labs raised $38 million through Series A funding to build a network of blockchains based on Facebook’s Move programming language. By leveraging Move-based EVM, Movement Labs aims to enhance smart contract security and transaction throughput within the Ethereum ecosystem.
