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Movement Labs

Category: Layer 2, Decentralized finance (DEFI)

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Overview

Total XP Rewards

120

Estimated Rewards

$10M

Funding

$41.4M

Current Stage

Season 1

Total value locked

-

Unique Users

-

Chains

chain imagechain image

Phase

Testnet

Structure

-

Gas

Yes

Grade

B

Tasks

0/6

TGE

December-2024

Type

Layer 2

Confirmed

Yes

Date

9 months ago

Introduction

  • Movement Labs is building a network of Move-based blockchains, with flagship networks M1 and M2.
  • M1 is a community-first blockchain providing the highest possible TPS through Move, instant finality, native day-zero access to mass liquidity, and modular customizations.
  • M2 will be the first Move Layer-2 on Ethereum. It will support Sui Move, Aptos Move, and also our embedded EVM interpreter MEVM-empowering both Sui, Aptos, and EVM users to use the L2.

 

Tasks

task-link

Visit https://app.galxe.com/quest/Movement/GC4Uwtd8Hr

  • Connect your wallet.
  • Follow the instructions and complete all the tasks.
  • Quiz Answers:
  • Quiz 1: Move, C, Decentralized Shared Sequencer, A, B
  • Quiz 2: A, Vanderbilt, B, San Francisco
  • Quiz 3: Fractal, Celestia, Razor, D, A
  • Quiz 4: gmove, Pathfinders, Creators, Scholars, Explorers, Masons, C, Moveus
task-link

 

Join discord https://discord.com/invite/movementlabsxyz

 

task-link

Visit https://chromewebstore.google.com/detail/razor-wallet/fdcnegogpncmfejlfnffnofpngdiejii

  • Download the extension and Create the wallet.
task-link

Visit https://faucet.movementlabs.xyz/?network=devnet Select M1.

  • Select M1 Devnet in your wallet. Paste your wallet address. Click on "Get Tokens".
task-link

Visit https://razordex.xyz/swap?chain=m1_devnet

  • Connect your wallet.
  • Swap some $MOVE to USDC/USDT/RAZOR.
task-link

Optional Task (Funds and Gas required)

Visit https://www.keplr.app/

  • Connect your Keplr wallet.
  • Select Celestia Network.
  • Choose a validator and Stake $TIA tokens.

Fundamentals

  • Movement Labs focuses on creating modular infrastructure for blockchain and decentralized applications using the Move programming language. Their goal is to enhance security, performance, and user experience in decentralized networks.
  • M1 Layer 1 Framework, their initial product is a Solidity-compatible, vertically composable, and horizontally scalable Layer 1 framework. It integrates both EVM and Move liquidity, facilitating modular and interoperable app chains​.
  • M2 is a Layer 2 rollup on Ethereum that integrates the Move Virtual Machine (Move VM). This rollup aims to provide enhanced performance and security, supporting over 145,000 TPS by leveraging Celestia for data availability.
  • Move is a safe and secure programming language designed by Facebook for smart contracts that emphasizes ownership and safety. It ensures that assets cannot be duplicated or dropped accidentally and allows for fine-grained access control through accounts and module privileges​.
  • Movement Labs works with notable liquidity providers such as BenQi and GMX, and is compatible with Aptos and Sui Move codes. This ensures broad interoperability and access to extensive liquidity pools from day one​.

 

Potential Rewards

  • Movement Labs has not yet launched its own token, but users who actively collect points through their initiatives may likely receive an airdrop if a token is introduced in the future.
  • The airdrop will prioritize community members, drawing inspiration from models like the Celestia airdrop. This ensures those active in the ecosystem are rewarded.
  • To be eligible, users are encouraged to participate in Movement Labs’ testnet and community programs. Activities include completing social tasks, exploring the testnet, and earning points through the Galxe campaign.
  • The airdrop will likely include members from the Aptos, Cosmos and Celestia communities emphasizing the importance of these networks in the allocation strategy.

 

Investors

  • Binance Labs
  • Polychain Capital
  • OKX Ventures
  • Maven 11 Capital

Features

  • High TPS and Instant Finality: M1, Movement Labs' Layer 1 blockchain, provides high transactions per second (TPS) and instant finality, making it highly efficient for decentralized applications​.
  • Move Programming Language: Move is a safe and secure language emphasizing asset scarcity and access control, ensuring that assets cannot be duplicated or dropped unintentionally, and access is strictly controlled​.
  • Modular Customizations: Movement Labs supports extensive modular customizations, enabling developers to tailor blockchain networks to specific needs, including unique virtual machines, fee regimes, and token economics.
  • Compatibility with Aptos and Sui Move: M1 is fully compatible with existing Aptos Move code and will soon support Sui Move, allowing developers to leverage existing tools and liquidity without additional costs​.
  • Decentralized Sequencer: M2 employs a decentralized sequencer, enabling sub-second finality and significantly reducing transaction costs to less than $0.01 per transaction​.

Non-Financial Advice

  • Research:  Explore project's documentation, audits, and community.
  • Understand risks:  DeFi has vulnerabilities, market volatility, and token fluctuation.
  • Invest wisely:  Only invest what you can afford to lose.
  • Beware of scams:  Don't trust unsolicited outreach or guaranteed returns.

*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.

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