Movement Labs has partnered with Polygon Labs to integrate with AggLayer, marking a significant step forward in blockchain interoperability. This collaboration will enable unified liquidity across MoveVM-based Layer-2 chains, AggLayer-connected chains, and Ethereum, establishing Movement Labs as the first Move-based ecosystem to leverage this technology.
Strategic Partnership and Testnet Launch
The partnership coincides with Movement Labs’ public testnet launch, which has already secured $160 million in Total Value Locked (TVL). Key contributors include Solv Protocol, which has committed $100 million in TVL, and investors such as 280 Capital, adding an additional $60 million.
Enhancing Blockchain Interoperability
AggLayer, operational since February, aims to consolidate liquidity across different blockchain networks to address fragmented liquidity issues. It utilizes Celestia’s data availability layer to offer a cost-effective, high-throughput solution for off-chain transaction data storage while maintaining Ethereum’s security standards. This integration allows Movement Labs to create a more efficient, secure, and interoperable blockchain environment.
Key Projects and Future Developments
The testnet includes key projects such as Echelon, Moveposition, Meridian, Avitus, BRKT, and Infinite Seas. This collaboration represents a significant milestone towards Movement Labs’ mainnet launch, enhancing interoperability and fostering innovation within the blockchain space.
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