Move Language Developer Movement Labs Joins AggLayer

Polygon Labs is a core developer of AggLayer, an "aggregation layer" that can create a web of different Ethereum layer 2s.
AggLayer will serve to unify liquidity and users across MoveVM-based chains and Ethereum.

Movement Labs, a blockchain developer aiming to bring Facebook (META)'s Move Virtual Machine (MoveVM) to the Ethereum blockchain, has joined AggLayer.

The collaboration will enable unified liquidity across layer-2 blockchains written in the Move smart contract language, according to an emailed announcement on Tuesday.

"This integration makes Movement the first Move-based ecosystem to utilize the AggLayer, effectively bridging the gap between Move and EVM ecosystems," Movement Labs said, referring to the Ethereum Virtual Machine that allows Ethereum to run the smart contracts that underpin decentralized finance (DeFi).

Polygon Labs is a core developer of AggLayer, an "aggregation layer" that can create a web of different Ethereum layer 2s.

AggLayer will serve to unify liquidity and users across MoveVM-based chains and Ethereum, and to address concerns of liquidity being fragmented across different networks that cannot easily connect with one another.

CORRECTION (July 30, 16:08 UTC): Removes references to Polygon's AggLayer as it's not the sole owner.

Edited by Sheldon Reback.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.