Movement chain
Overview
Movement is an Ethereum-based Layer 2 blockchain employing the Move virtual machine (MoveVM) for smart contract execution. It is designed to utilize the security and parallel processing features of the Move language to enable high-performance decentralized applications. Operating as a modular execution layer, the network offers compatibility with both Move and the Ethereum Virtual Machine (EVM).
Within The Counterparty graph, Movement connects to 15 tracked entities, most strongly to Ethereum, Ethereum, USD Coin.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 10 of 15 total).
| Relation | Connected entity | Confidence |
|---|---|---|
built_on | Ethereum | 95% |
integrates | Ethereum | 95% |
deployed_on | USD Coin | 95% |
deployed_on | Tether USD | 95% |
deployed_on | Ethena USDe | 95% |
deployed_on | Frax USD | 95% |
deployed_on | Avalon USDa | 95% |
launched | Movement Labs | 95% |
issued_by | Movement Labs | 95% |
forked_from | Aptos | 90% |
In the wire
4 items in the current window name this counterparty. Headlines are the publishers' own.
- 2026-07-22 Why Movement Labs’ $41.4M fundraising failed to prevent bankruptcy ambcrypto
- 2026-07-22 Movement Labs Files for Chapter 11: What MOVE Holders Face cryptodaily
- 2026-07-21 Movement Labs collapses into bankruptcy after MOVE token scandals crypto_news_dot
- 2026-07-21 Ousted founder’s $1.6 million claim tops Movement Labs’ bankruptcy filing theblock
Questions on the record
What programming language is used by Movement?
Movement employs the Move smart contract language; its documentation contains guidance on the rationale for using Move and instructions for writing Move contracts.
How can developers acquire test tokens for Movement?
Movement's documentation offers a faucet for obtaining testnet tokens intended for development purposes.