Movement Labs integrates with Polygon’s AggLayer, launches testnet 

Movement Labs has announced a partnership with Polygon Labs to join AggLayer, making significant progress in blockchain interoperability.

This integration will enable unified liquidity between MoveVM-based Layer-2 chains, AggLayer-connected chains, and Ethereum (ETH), making Movement Labs the first Move-based ecosystem to leverage this technology.

The collaboration aligns with Movement Labs’ public testnet launch, which has already raised $160 million in committed Total Value Locked (TVL). Key contributors include both new and existing investors like Solv Protocol, which committed $100 million in TVL, and 280 Capital, which is adding an additional $60 million.

Blockchain interoperability

AggLayer, which has been operational since February, aims to combine liquidity across different blockchain networks to solve the problem of fragmented liquidity.

It leverages Celestia’s (TIA) data availability layer to provide a cost-effective, high-throughput solution for off-chain transaction data storage while maintaining Ethereum’s security standards. This integration enables Movement Labs to create a more efficient, secure, and interoperable blockchain environment.

The core projects of the testnet include Echelon, Moveposition, Meridian, Avitus, BRKT, and Infinite Seas. This collaboration represents a significant step towards Movement Labs’ mainnet launch, increasing interoperability and driving innovation in the blockchain space.