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Milestone for Blockchain: Movement Public Mainnet Beta started!
Movement Network Foundation launches public mainnet beta on March 10, 2025 with $250 million in liquidity for smart contracts.
Milestone for Blockchain: Movement Public Mainnet Beta started!
The Movement Network Foundation has taken a significant step in the world of blockchain technology: On March 10, 2025, the Public Mainnet Beta was launched with a significant Total Value Locked (TVL) of $250 million from the Cornucopia program. This groundbreaking development enables the permissionless deployment of smart contracts, ensuring interoperability within the Movement ecosystem, which is based on the unique Move-based blockchain that uses Ethereum. Cooper Scanlon, co-founder of Movement Labs, commented: “Securing over $233 million in TVL demonstrates the market’s confidence in Movement and sets us apart from many other new networks.” The new infrastructure provides instant liquidity and eliminates the problem of “cold starts,” a common obstacle for new blockchain projects.
First Movement ETF applied for
In addition to the successful launch of the mainnet beta, the Movement Network Foundation announced that the REX-Osprey funds have submitted an application for the first US Movement ETF. This ETF would allow US investors to invest in the Movement ecosystem and represents an innovative approach to the possibilities of blockchain technologies. Rushi Manche, co-founder of Movement Labs, called the filing a “historic moment” that could usher in institutional capital flow into the next generation of blockchain innovation.
With the public mainnet beta launch and ETF registration, the Movement Network will set new standards for blockchain investing. These developments could revolutionize the way traditional investors interact with digital assets by allowing them to participate in the blockchain without the complexities of direct token management. For more information about the public mainnet beta and the new ETF, those interested can visit movementnetwork.xyz and movementfdn.xyz or follow social media such as @movementlabsxyz and @movementfdn on Twitter, like OTS and Morningstar reported.