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Movement Network Foundation Announces Public Mainnet Beta Now Live with $250M+ TVL
The Movement Network Foundation has officially announced the successful launch of its public mainnet beta, a groundbreaking achievement that has secured an impressive $250 million or more in total value locked (TVL). This milestone marks a significant step forward for the organization dedicated to advancing MoveVM technology.
According to reports, the newly launched public mainnet beta is designed to provide permissionless smart contract deployment and user onboarding. Furthermore, it settles to Ethereum, offering unparalleled scalability and security.
“We are thrilled to announce that our Movement Public Mainnet Beta is now live,” said Cooper Scanlon, Co-Founder of Movement Labs. “The success of this launch underscores the immense confidence placed in us by investors and the broader cryptocurrency community.”
The innovative network’s features will revolutionize the way we approach blockchain technology. Not only does it provide a secure environment for decentralized finance (DeFi) applications, but also offers unparalleled flexibility and versatility.
The Movement Network Foundation has taken significant strides to ensure that its ecosystem is robust enough to support sophisticated DeFi applications from day one. This remarkable feat was achieved with the help of industry leaders like Concrete, Veda Labs, Echelon, and Canopy.
Movement’s public mainnet beta further reinforces its commitment to innovation in the blockchain space.
