Executive Summary
Movement is a modular framework that allows the building and deploying Move-based blockchains, applications, and infrastructure in any distributed environment. The network is designed to be vertically composable and horizontally scalable, with native interoperability with Avalanche and other future ecosystems. The Movement Liquidity Hub is the foundation for omni-chain Move integration and rollups.
Company/Project Overview
The crypto network has certain flaws that limit its widespread adoption and usage. Movement Labs aims to address these hindrances and provide a network that includes all the necessary features for scaling. Movement(MVMT) Network provides modularity and interoperability to non-EVM smart contract languages and their ecosystems. Existing projects can deploy on MVMT Network seamlessly by integrating the MVMT Module. Movement Network also achieves high security through its MoveVM, a virtual machine designed to have fewer vulnerabilities than its peers, Rust and Solidity.
The team behind Movement Labs comprises talented and passionate individuals with ideal backgrounds.
Movement Labs Market Analysis
The Blockchain Market is expected to grow at a Compounded annual growth rate(CAGR) of 87.7% in the coming years. This conveys the growth potential of the market Movement Labs is operating in. Recently there has been a surge in demand for platforms offering cross-chain features, integration, and high security. The market has competitors whose valuations exceed $1B FDV and have been active for some time. These competitors could pose a problem for the Move protocol.
The Movement protocol stands out from other protocols by providing a comprehensive framework for developers to build and scale their projects. Incorporating Avalanche and other ecosystems offers a valuable opportunity for interoperability, broadening the potential for cross-chain communication and collaboration. Movement Network will use MoveVM as its execution environment. MoveVM is a virtual machine designed to have fewer vulnerabilities than other smart contract languages like Solidity and Rust. Another critical feature of the Move protocol is its tight security.
Product/Platform
Move Network provides the network that uses MoveVM as its execution environment. Layer 1 ensures users get the best platform, eradicating all the vulnerabilities other coding languages offer. Move Layer 1 blockchain prioritizes community involvement. It brings modularity and interoperability to non-EVM smart contract languages. A high TPS, instant finality, and decentralization allow horizontal scaling by launching multiple subnets within the blockchain. Cross-Subnet Communication is enabled by Avalanche Warp messaging. This allows for seamless native communication between multiple subnets and enables dynamic load balancing by offloading transactions to different blockchains within a subnet.
Through its cross-chain integration strategy, Movement SDK will enable Move builders to deploy Smart contracts in the ecosystem of their choice. Movement Labs will launch a Sui MoveVM in tandem with its Aptos MoveVM chain.
The Move protocol has various use cases. Its robust security and relatively fewer vulnerabilities make it ideal for DeFi projects. With Warp Messaging, Movement Network gains access to Avalanche TVL and users from Day 1. The games on the Move protocol are faster and more immersive due to low latency and high throughput. The secured smart contracts combined with Move’s asset portability and account-based ownership make it suitable for collecting and trading NFTs.
Movement Labs plans to launch its test net soon and the main net by the end of the year. They also have plans to expand into Layer 2 solutions and rollups.
Business Model
Movement Labs will generate revenue through the transactions on its platform. Movement Labs plans to leverage the vast users of Aptos and Avalanche Network.
Tokenomics
$MVMT is the native token of Movement Labs. $MVMT is used for staking the protocol and paying gas fees.
$MVMT accrues value from providing subnets as a service. It will be used for the ecosystem of virtual machines(Aptos, Sui, etc.) that will be launched.
Risk Assessment
The cryptocurrency industry is crowded with L1 and L2 protocols, which present significant competition for Movement Labs. Some of these protocols already hold a considerable market share. In addition, the Movement protocol is exposed to regulatory and compliance risks since the cryptocurrency industry remains unregulated.
Conclusion
Movement Labs is working towards achieving global adoption of Web 3 through its advanced and user-friendly features. They offer an accessible and adaptable framework for developers, making them an attractive option for a large target market with many potential use cases. Additionally, Movement Labs provides interoperability and integration with existing protocols. It has an exciting roadmap ahead. Overall, the Movement protocol presents an attractive opportunity.
