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Cryptocurrency News Articles
Movement Labs Joins Polygon's AggLayer to Move Language Developer Movement
Jul 30, 2024 at 11:00 pm
The collaboration will enable unified liquidity across MoveVM-based layer-2 blockchains.
Movement Labs, a blockchain developer known for integrating Facebook (META)'s Move Virtual Machine (MoveVM) with the Ethereum blockchain, has joined Polygon Labs' AggLayer.
The collaboration will unify 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 created AggLayer as an "aggregation layer" that can form 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.
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