Movement is a blockchain development project based on the Move programming language, this project has just received investment from Binance Labs fund. Let's find out with CoinViet through this article!
Movement is a modular framework that allows building and deploying blockchain networks using the Move language. Movement is designed to be vertically integrated and horizontally extensible, with interoperability with Avalanche and other ecosystems.
Movement has launched two blockchain networks, including: M1 and M2.
M1 is a new Layer 1 blockchain platform designed to be flexible, adaptable, and easy to use.
Operational model M1
Features of M1
M1 enables the deployment of custom virtual machines (VMs). This allows developers to build blockchain applications specifically designed to their unique specifications.
M1's powerful performance is powered by the Movement SDK. The notable feature of this SDK is Modular MoveVM, an advanced technology that allows M1 to communicate seamlessly with AvalancheGo, Avalanche's decentralized consensus messaging layer. In addition, M1 also inherits Avalanche consensus, with a network of 1240 validators.
M1 leverages the power of Fractal, an engine that is compatible with Ethereum Virtual Machine (EVM) applications. This not only opens the door to Ethereum-based protocols but also strengthens their security, protecting them from potential attacks.
M2 is a Layer 2 blockchain using the Move programming language, currently operating as a Celestia rollup. Currently, this blockchain network is only in the testnet phase.
M2 uses zk-rollup architecture aimed at improving Ethereum's Layer 1 infrastructure. The network uses the Snowman consensus mechanism to achieve high throughput and efficient transaction sequencing.
With Parallel Execution technology, M2 will be able to achieve tens of thousands of TPS while still operating on Ethereum.
Parallel Execution
In addition, M2 also has the ability to support interaction through both types of clients, Ethereum Virtual Machine (EVM) and Move. Enables deployment of all variants of Move and EVM smart contracts.
Movement seamlessly integrates different blockchain platforms. Make sure developers can collaborate without any problems.
The project believes in a blockchain world where everyone, regardless of technical background, can participate. Movement simplifies the complexities, making blockchain more accessible to everyone.
Movement enables connection, collaboration and creativity on any platform. Ensure projects have the reach and impact they deserve.
Movement currently owns an ecosystem of more than 45 different projects. In which, the number of projects in the two fields of DeFi and Infrastructure accounts for the largest proportion.
Outstanding projects in the Movement ecosystem include:
Ethena: Ethena Labs is a decentralized stablecoin issuance protocol built on Ethereum. This project has received investment from many leading funds such as: Binance Labs, Dragonfly, OKX Ventures, ...
MilkyWay: MilkyWay, a liquid staking protocol on the Celestia modular blockchain. Raised $5 million in seed funding round co-led by Binance Labs and Polychain Capital.
Near: Near is a blockchain network that uses a proof-of-stake consensus protocol. Similar to other Layer 1 solutions on the market. Near was also developed to solve outstanding problems on the Ethereum network.
Avalanche: Avalanche is a Layer 1 blockchain solution developed by Ava Labs. This project enables the launch of decentralized finance (DeFi) applications and other services.
Avail: Avail is a modular blockchain project with the goal of overcoming the limitations of traditional blockchain platforms such as Bitcoin or Ethereum. The project provides a flexible blockchain platform, suitable for the unique requirements of many different applications.
Omni Network: Omni Network is a blockchain network that allows developers to build dApps easily. Above all their Layer 2 while still gaining the security of Ethereum.
Pyth: Pyth Network is an oracle solution that provides high-fidelity market data. From professional traders and exchanges for smart contracts.
Celestia: Celestia is a modular blockchain, with the goal of building a scalable data availability layer. Celestia scales by separating execution from consensus.
Movement's ecosystem
The entry price for this order is very attractive as some analysts believe that ONDO's reasonable price is in the range of 0.4-0.7 USD. With a significant investment beyond the expected scope, Lookonchain suspected the whale had an insider.
Someone created a new wallet 27 hours ago and withdrew 1,870.68 $ETH ($5.7M) from #Gemini .
Then he spent the 1,870 $ETH ($5.7M) to buy 6M $ONDO at an average price of $0.95 in the past 27 hours.
Does this guy know something that we don't? https://t.co/3ZQ6s6SnVM pic.twitter.com/G1udIF8Mhw
— Lookonchain (@lookonchain) May 17, 2024
This transaction attracted the attention of the crypto community and ONDO, the native token of Ondo Finance, skyrocketed 11% immediately after the purchase.
However, ONDO has dropped after the latest bounce and is trading below the $1 threshold at the time of writing. However, ONDO is still increasing by more than 19% over the past week.
Crypto analyst Mags commented on the price movement, sharing analysis on the next price target for ONDO.
“If the price closes above 1 USD, the next target will be 1.4 USD and 2.7 USD or more.”
$ONDO keeps printing up +131%
$1.5 Incoming, Binance listing soon 👀 https://t.co/bF8lznNDOP pic.twitter.com/5v95S4aZvn
— Mags (@thescalpingpro) March 25, 2024
A whale created a new wallet on May 16 and withdrew 1,870.68 ETH (worth $5.7 million) from the Gemini cryptocurrency exchange to buy 6 million ONDO tokens at an average price of 0, 95 USD.
The entry price for this order is very attractive as some analysts believe that ONDO's reasonable price is in the range of 0.4-0.7 USD. With a significant investment beyond the expected scope, Lookonchain suspected the whale had an insider.
Someone created a new wallet 27 hours ago and withdrew 1,870.68 $ETH ($5.7M) from #Gemini .
Then he spent the 1,870 $ETH ($5.7M) to buy 6M $ONDO at an average price of $0.95 in the past 27 hours.
Does this guy know something that we don't? https://t.co/3ZQ6s6SnVM pic.twitter.com/G1udIF8Mhw
— Lookonchain (@lookonchain) May 17, 2024
This transaction attracted the attention of the crypto community and ONDO, the native token of Ondo Finance, skyrocketed 11% immediately after the purchase.
However, ONDO has dropped after the latest bounce and is trading below the $1 threshold at the time of writing. However, ONDO is still increasing by more than 19% over the past week.
Crypto analyst Mags commented on the price movement, sharing analysis on the next price target for ONDO.
“If the price closes above 1 USD, the next target will be 1.4 USD and 2.7 USD or more.”
$ONDO keeps printing up +131%
$1.5 Incoming, Binance listing soon 👀 https://t.co/bF8lznNDOP pic.twitter.com/5v95S4aZvn
— Mags (@thescalpingpro) March 25, 2024
Fantom (FTM), a once famous layer-1 blockchain, is receiving attention again ahead of an important upgrade called Sonic.
On the evening of May 17, the Fantom Foundation posted an important governance proposal, announcing to the community a new project called Sonic Network (S). Sonic Network is a new layer-1 blockchain developed by Fantom on the new Sonic technology platform, replacing Fantom's old Opera version.
https://x.com/FantomFDN/status/1791517798205907116
Once the Sonic Network is deployed, FTM holders will be able to redeem tokens 1:1 for the Sonic network currency called S. Those who do not want to redeem can still continue to hold FTM. However, the Fantom Foundation encourages users to migrate to the new network as all the attention and development effort of the project will be transferred here.
The rest of the proposal retains the changes that were mentioned in the Sonic upgrade announcement at the beginning of the year.
Both Fantom's FTM and TVL token prices have increased more than 30% in the last 7 days, the clearest signal that money is being poured back into the project.
Specifically, while the FTM price increased from 0.64 USD to 0.84 USD, the value locked (TVL) of Fantom increased to 200 million USD on May 16, before decreasing to 129 million USD at the time of writing. This is the highest TVL level that Fantom has achieved since July 2023, when the Multichain hack occurred, causing heavy damage to the ecosystem.
Top Picks
