Motion Labs’ public testnet has attracted $160 million in dedicated TVL.
Motion Labs, a developer of Transfer-based Layer 2 options, has built-in with AggLayer, the blockchain aggregator expertise created by Polygon Labs. The partnership goals to ship unified liquidity throughout Transfer-based Layer 2 networks, bridging them with Ethereum and different blockchains related by way of AggLayer.
“Motion provides the very best of each worlds – the familiarity of an Ethereum L2 with the improved safety and efficiency of the Transfer language. This permits initiatives to deploy with confidence, realizing they’re protected in opposition to frequent vulnerabilities whereas nonetheless leveraging the financial power of the Ethereum ecosystem,” said Rushi Manche, co-founder of Movement Labs.
The collaboration comes on the heels of Movement Labs’ public testnet launch, which has attracted $160 million in committed total value locked (TVL). Solv Protocol, which is developing a decentralized Bitcoin reserve, has committed $100 million in TVL, supplemented by $60 million from additional investors.
Movement Labs is the first Move-based ecosystem to integrate with AggLayer, with the goal of enhancing the bridge between Move and EVM ecosystems.
AggLayer is designed to mitigate liquidity fragmentation across blockchains, while Move is a programming language designed for secure, sandboxed smart contract development, utilized by networks like Aptos and Sui.
A crucial aspect of this partnership is the facilitation of Solidity contract deployment on Move-based chains without requiring code alteration, which is expected to improve interoperability.
“This collaboration will greatly help in alleviating some of the most pressing challenges in Web3 – siloed liquidity and fragmented user experience – which currently hinder mass adoption,” stated Marc Boiron, CEO of Polygon Labs.
