Movement: A Move-based EVM

Movement is an innovative blockchain initiative that utilizes the Move programming language to create and implement blockchain networks. It boasts a comprehensive and scalable design, facilitating interactions with Ethereum and other blockchain ecosystems.


The project’s cornerstone offerings include the M1 and M2 products, alongside the Movement SDK, Movement CLI, Fractal, Hyperlane messaging infrastructure, and the Movement Shared Sequencer. These components are designed to ensure fluid communication between Move-based environments and various networks.

Key Highlights of Movement:

• High Transaction Speed: Movement Labs’ blockchain can handle up to 30,000 transactions per second (TPS), significantly surpassing the current Ethereum network’s capacity.
• EVM Compatibility: The blockchain is compatible with the Ethereum Virtual Machine (EVM), simplifying the deployment of smart contracts on the Movement network.
• Parallel Execution Support: The blockchain architecture allows multiple transactions to be processed simultaneously, enhancing efficiency and reducing costs.
• Substantial Funding: Movement Labs has successfully completed two funding rounds, raising $41.5 million from prominent investors like Polychain Capital and Binance Labs.

Movement’s Product Lineup:

• M1: A permissionless, Move-based blockchain currently in the development network phase, M1 is powered by the Movement SDK and is utilized for testing and development.
• M2: Operating as a Celestia rollup, M2 is a Layer 2 blockchain that employs the Move language and is in the testnet phase. It aims to achieve tens of thousands of TPS through Parallel Execution while maintaining full Ethereum compatibility.

Movement Ecosystem: The ecosystem encompasses a diverse range of projects, particularly in the DeFi and Infrastructure sectors. Notable projects include MilkyWay, Near, and Avail, each contributing uniquely to the blockchain landscape.

Team and Investment Profile:

• Founders: Rushi Manche and Cooper Scanlon lead Movement Labs, with Manche bringing experience from Aptos and the Ensemble project, and Scanlon maintaining a low social media profile.
• Funding: Movement Labs has amassed $41.4 million across three funding rounds, with significant contributions from Borderless Capital, Polychain Capital, and Binance Labs.

Roadmap and Future Plans: Movement Labs has outlined a strategic roadmap, currently in its third phase, with the launch of the Parthenon public testnet scheduled for Q2 2024 and the mainnet release anticipated in Q4 2024. The roadmap includes the deployment of M1 and M2 solutions, team growth, and expansion into the Asia-Pacific market.