Movement Labs to Enhance Liquidity and Community of MoveVM-Based L2 Chains with AggLayer

Movement
Labs
has
unveiled
a
strategic
initiative
to
integrate
MoveVM-based
Layer
2
(L2)
chains
with
the
AggLayer,
a
move
designed
to
unify
liquidity
and
user
bases
across
all
aggregated
chains,
according
to

Polygon
(MATIC)
Technology.

Minimalistic
Design
and
Secure
Cross-Chain
Transactions

A
core
principle
of
the
AggLayer
is
minimalism,
striving
to
be
unopinionated
about
the
types
of
chains
that
connect.
Utilizing
the ‘pessimistic
proof’
for
secure
cross-chain
transactions,
the
AggLayer
aims
to
enable
a
diverse
range
of
chains
to
join
and
consolidate
liquidity
and
user
bases.

Movement
Labs
and
MoveVM
Integration

Movement
Labs,
which
focuses
on
advancing
the
Move
smart
contract
language,
has
taken
a
significant
step
by
announcing
that
MoveVM-based
L2
chains
can
now
join
the
AggLayer.
This
integration
makes
Movement
the
first
Move-based
network
to
leverage
the
AggLayer,
effectively
bridging
the
gap
between
the
Move
and
Ethereum
Virtual
Machine
(EVM)
ecosystems.

This
announcement
coincides
with
the
launch
of
Movement
Labs’
public
testnet,
which
has
already
secured
$160
million
in
committed
Total
Value
Locked
(TVL)
before
its
mainnet
launch.
This
integration
will
enable
MoveVM-based
chains
to
seamlessly
interact
with
the
liquidity
and
users
of
any
AggChain.

Future
Prospects
and
Developer
Benefits

All
Movement
chains
built
using
Move
Stack,
a
rollup
kit
designed
for
creating
and
launching
parallelizable
MoveVM
chains,
will
have
the
option
to
integrate
with
the
AggLayer.
This
integration
will
expand
the
aggregated
network
of
unified
liquidity
and
shared
user
bases.

Movement
Labs
is
committed
to
building
an
integrated
network
focused
on
the
Move
programming
language,
which
offers
parallelized
execution
and
enhances
developer
efficiency.
This
can
significantly
speed
up
Move
chains.

With
MoveVM,
developers
can
deploy
Solidity
contracts
without
modifying
the
code
while
maintaining
security.
The
Move
Stack
allows
developers
to
design
and
specify
parallelized
appchains
tailored
to
their
needs.

Rollup-as-a-Service
Platform
and
Future
Growth

Movement
Labs
recently
launched
the
testnet
for
its
new
Rollup-as-a-Service
platform,
which
is
experiencing
significant
demand
for
deployments.
This
collaboration
with
AggLayer
represents
another
step
toward
enabling
various
aggregated
chains
to
join
the
network.
By
leveraging
aggregation,
developers
can
unlock
growth
comparable
to
the
scale
of
the
internet.

The
future
of
Web3
appears
to
be
aggregated,
with
Movement
Labs
and
AggLayer
paving
the
way
for
new
types
of
blockchain
interactions
and
efficiencies.

Image
source:
Shutterstock