🌎 Movement Labs Joins Polygon for Enhanced Blockchain Interoperability

Movement Labs has partnered with Polygon Labs to join the AggLayer, marking an advancement in blockchain interoperability. This integration will enable unified liquidity across MoveVM-based Layer-2 chains, AggLayer-connected chains, and Ethereum, positioning Movement Labs as the first Move-based ecosystem to leverage this technology.

This collaboration aligns with Movement Labs’ public testnet launch, which has already garnered $160 million in committed Total Value Locked (TVL). Key contributors include Solv Protocol, committing $100 million in TVL, and both new and existing investors such as 280 Capital, adding an additional $60 million.

Blockchain Interoperability

The AggLayer has been operational since February and aims to consolidate liquidity across different blockchain networks to address the issue of fragmented liquidity. It utilizes Celestia’s data availability layer to provide a cost-effective, high-throughput solution for off-chain transaction data storage while maintaining Ethereum’s security standards. This integration enables Movement Labs to establish a more efficient, secure, and interoperable blockchain environment.

Key projects of the testnet include Echelon, Moveposition, Meridian, Avitus, BRKT, and Infinite Seas. This collaboration signifies a significant step towards Movement Labs’ mainnet launch, enhancing interoperability and fostering innovation within the blockchain space.