Movement Labs joins Polygon Agglayer, bags $160M TVL commitment for mainnet
Movement Labs joins Polygon’s AggLayer to boost blockchain interoperability and protect developers against 90% of auditor-prioritized attack vectors.
Ethereum layer-2 network Movement Labs hasannounced an integration with Polygon Labs’ AggLayer to further blockchain interoperability and liquidity. In parallel, investors and a Web3 project committed $160 million in total value locked (TVL) toward Movement Labs’ mainnet launch.
On July 30, Movement Labs joined AggLayer — a central component of Polygon 2.0 — to enable unified liquidity across Move Virtual Machine-based layer-2 chains, all AggLayer-connected chains, and the Ethereum network.
According to Movement Labs co-founder Rushi Manche, the strategic collaboration bridges the gap between Move and Ethereum Virtual Machine (EVM) ecosystems. He said:
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Source: https://cointelegraph.com/news/ethereum-layer2-movement-labs-polygon-integration?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
