Movement Network Launches Public Mainnet Beta with TVL US$250 Million
Movement Network Foundation has announced the successful launch of Public Mainnet Beta, securing over US$250 million in *Total Value Locked* (TVL) through the Cornucopia program.
This launch enables permissionless smart contract deployment and user onboarding for the first time, making it the only Move-based blockchain integrated with Ethereum.
One of the founders of Movement Labs, Cooper Scanlon, described the impressive first-day liquidity. With US$233 million secured through Cornucopia, this achievement allows Movement to move beyond the development phase and lay the foundation for DeFi adoption.
The Cornucopia program, developed in collaboration with Concrete and Veda Labs, aims to provide deep liquidity for major assets such as Bitcoin (BTC), Ethereum (ETH), and stablecoins.