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You are at:Home » Movement Labs Launches Developer Mainnet and $100M DeFi Liquidity Campaign
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Movement Labs Launches Developer Mainnet and $100M DeFi Liquidity Campaign

Arun ShakyawarBy Arun ShakyawarJanuary 28, 2025Updated:January 28, 2025No Comments3 Mins Read
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Movement Labs Launches Developer Mainnet and $100M DeFi Liquidity Campaign
Movement Labs Launches Developer Mainnet and $100M DeFi Liquidity Campaign
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Movement Labs, developer of the Movement Network championing MoveVM technology, has unveiled its Movement Developer Mainnet. This deployment sets the stage for the upcoming Public Mainnet Beta, slated to launch in mid-February. It also signals a deliberate push toward enhancing developer ecosystems and DeFi adoption.

The announcement comes on the heels of Movement Network’s initial mainnet beta launch in December 2024, which introduced foundational components such as follower nodes, indexers, and commemorative NFTs. With the Developer Mainnet now live, ecosystem partners can begin deploying protocols and applications on the network, marking the next chapter in Movement’s journey to bridge Ethereum’s scale with the enhanced security of MoveVM.

A Strategic Ecosystem Buildout

The Developer Mainnet is designed to empower developers with resources and infrastructure to test and deploy DeFi protocols before the Public Mainnet Beta goes live. Movement Labs plans to integrate LayerZero bridge support and enable permissionless decentralized application (DApp) deployment by February.

Cooper Scanlon, Co-Founder of Movement Labs, mentioned: “By structuring our launch to include both technical infrastructure and day-one DeFi liquidity, we’re creating an ecosystem where developers can leverage Move’s robust security features while accessing Ethereum’s massive scale. This coordinated approach ensures we’re delivering immediate value for both developers and users.”

Cornucopia: A $100M Liquidity Engine

Complementing the technical rollout is Cornucopia, a multi-asset liquidity campaign launching alongside the Public Mainnet Beta. Developed in collaboration with Concrete XYZ and Veda Labs, Cornucopia aims to provide DeFi protocols with a solid liquidity foundation. The program will feature specialized vaults for key assets, including Bitcoin, Ethereum, and Movement’s $MOVE token.

Highlights of the program include:

  • A $100M Ethena stablecoin vault to anchor the DeFi ecosystem.
  • BTC vaults featuring assets like Lombard BTC and SolveBTC.
  • ETH vaults incorporating EtherFi and Renzo (ezETH).
  • $MOVE vaults leveraging liquid staking protocols such as Thunderhead and Meridian.

By offering robust liquidity infrastructure from day one, Movement Labs hopes to attract developers and users alike, fostering deeper market efficiency and rapid adoption of Move-based DeFi applications.

A Growing Ecosystem Backed by Institutional Commitment

Movement Labs has garnered significant momentum, securing $38 million in Series A funding to drive its vision. Through its Move Collective accelerator program, the organization has cultivated a pipeline of innovative projects leveraging MoveVM’s modular blockchain architecture.

The Movement Network Foundation, which oversees the ecosystem, has positioned its Layer 2 solution as a bridge between Move and Ethereum ecosystems. By deploying Move Virtual Machine (MoveVM) rollups, developers can unlock new possibilities for blockchain interoperability and scalability.

Public Mainnet Beta

As the countdown to the Public Mainnet Beta begins, Movement Labs aims to deliver a seamless environment for developers and users. By mid-February, the network will support full functionality, including permissionless DApp deployment and LayerZero-enabled bridge solutions.

With Movement’s layered approach combining technical innovation and financial infrastructure, the company is positioning itself as a key player in the evolving blockchain landscape. Whether it can sustain this momentum and deliver on its promises will be closely watched as the public beta launch nears.

Read Also: Humanity Protocol Raises $20M to Advance Decentralized Identity with ZKP and Sybil Resistance

Disclaimer: The information provided on AlexaBlockchain is for informational purposes only and does not constitute financial advice. Read complete disclaimer here.

Image Credits: Unsplash, Shutterstock, Getty Images, Pixabay, Pexels, Canva

Movement Labs
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Arun Shakyawar
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Arun Shakyawar is a Tech writer based out of Los Angeles. He holds an Engineering degree in Electronics and communications, and an MBA in marketing. He specializes in TMT. Before writing full-time, Arun worked as a management consultant with leading consulting firms. As a consultant he developed interest in blockchain technology, and now actively tracks blockchain and digital asset markets. Arun can be reached at arun@alexablockchain.com.

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