{"id":85669,"date":"2024-07-30T17:59:10","date_gmt":"2024-07-30T21:59:10","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=85669"},"modified":"2024-07-30T18:02:07","modified_gmt":"2024-07-30T22:02:07","slug":"movement-labs-joins-polygons-agglayer-to-unify-liquidity","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/movement-labs-joins-polygons-agglayer-to-unify-liquidity\/","title":{"rendered":"Movement Labs Joins Polygon\u2019s AggLayer to Unify Liquidity"},"content":{"rendered":"\n

Movement Labs and Polygon Labs<\/a> have revealed a major step forward in blockchain interoperability as they join the AggLayer.<\/p>\n\n\n\n

\"Movement
Movement Labs Joins Polygon\u2019s AggLayer to Unify Liquidity<\/figcaption><\/figure>\n\n\n\n

Movement Labs will be the first Move-based ecosystem to utilize this technology since this integration will provide uniform liquidity across MoveVM-based Layer-2 chains, AggLayer-connected networks, and Ethereum. <\/p>\n\n\n\n

Together, the parties have invested $160 million in Total Value Locked\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> (TVL) since the public testnet launch of Movement Labs. Notable backers include 280 Capital, a new investor, and Solv Protocol, which contributed an extra $60 million. Solv Protocol has committed $100 million in TVL.\u00a0<\/p>\n\n\n\n

Blockchain Interoperability<\/h2>\n\n\n\n

Since it began operations in February, AggLayer has sought to address the problem of fragmented liquidity by combining liquidity from several blockchain networks<\/a>. <\/p>\n\n\n\n

In order to offer an affordable, high-throughput off-chain transaction data storage solution that complies with Ethereum security requirements, it uses Celestia's data availability layer. <\/p>\n\n\n\n

Through this integration, Movement Labs can create a blockchain ecosystem that is more effective, safe, and compatible with other systems. <\/p>\n\n\n\n

The testnet's primary initiatives include Infinite Seas, BRKT, Meridian, Avitus, Moveposition, Echelon, and Avitus. <\/p>\n\n\n\n

This partnership represents a critical step towards Movement Labs' mainnet<\/a> debut by improving interoperability and encouraging innovation in the blockchain arena.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Movement Labs and Polygon Labs have revealed a major step forward in blockchain interoperability as they join the AggLayer. Movement Labs will be the first Move-based ecosystem to utilize this technology since this integration will provide uniform liquidity across MoveVM-based Layer-2 chains, AggLayer-connected networks, and Ethereum. Together, the parties have invested $160 million in Total […]<\/p>\n","protected":false},"author":43,"featured_media":85670,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[19150,202,20995],"class_list":["post-85669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-agglayer","tag-blockchain","tag-movement-labs"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/07\/croc_1722373707070.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/85669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=85669"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/85669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/85670"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=85669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=85669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=85669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}