Share this article
Facebook-Developed MoveVM Gets Closer to Ethereum Deployment With Public Mainnet Beta Launch
The mainnet launches with over $233 million worth of BTC, ETH and native asset MOVE in liquidity raised through Movement's Cornucopia program
Mar 10, 2025, 3:00 p.m.
Make us preferred on Google
What to know:
- The Movement public mainnet has launched in beta.
- The rollout continues the progress toward deploying Facebook-developed Movement Virtual Machine on Ethereum.
Blockchain firm Movement's public mainnet is set to launch in beta, continuing the progress toward deploying Movement Virtual Machine (MoveVM) on Ethereum.
The mainnet will roll out Monday with over $233 million worth of BTC, ETH, and native assets, MOVE, in liquidity raised through Movement's Cornucopia program.
STORY CONTINUES BELOW
Read more: Movement Labs Unveils Developer Mainnet Ahead of February's Public Launch
Movement's mainnet will allow smart contract deployment and allows anyone to build on and use the network for the first time, the Movement Network Foundation announced via email on Monday.
Move was developed by Facebook as part of its plans to develop its own digital currency, which was abandoned in early 2022.
The technology was subsequently used to create layer-1 networks Sui and Aptos, as well as Movement Labs extending the programming language to develop an Ethereum layer 2.
Read More: Ethereum Developers Postpone Pectra Upgrade Following Buggy Tests
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Solana’s new phase is ‘much more about finance,’ says Backpack CEO Armani Ferrante
The Solana ecosystem has spent the past year doubling down on a financial infrastructure, Backpack CEO Armani Ferrante told CoinDesk.
What to know:
- Solana’s latest phase looks a lot less flashy than its memecoin-fueled highs, and that may be the goal.
- Armani Ferrante, CEO of crypto exchange Backpack, told CoinDesk in an interview the Solana ecosystem has spent the past year doubling down on a more sober focus: financial infrastructure. A
- fter years of experimentation as the wider crypto industry focused on NFTs, games and social tokens, attention is now shifting back toward decentralized finance, trading and payments.
Top Stories
