Opportunity Outlook: Mapping the Ecosystem of the Well-Funded L2 Project Movement
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Opportunity Outlook: Mapping the Ecosystem of the Well-Funded L2 Project Movement
Movement is a Layer 2 bringing a diverse future to Ethereum, and its substantial funding round demonstrates market confidence in Movement's future development.
Navigating Web3 tides with focused insights
Recently, Movement, an Ethereum Layer 2 solution based on the Move language, secured $38 million in funding led by Polychain.
Movement brings the Move language to the EVM, enabling Ethereum developers to seamlessly migrate and deploy applications onto the Movement network, while also facilitating cross-chain asset transfers and data interoperability with Move-based networks such as Sui and Aptos.
On the surface, Movement appears to be a Layer 2 that brings diversification to Ethereum’s future, and the substantial funding round reflects strong market confidence in its long-term potential.
TechFlow reviews several projects currently deploying or planning to launch within the Movement ecosystem, helping readers better understand the current state of Movement's ecosystem development.
DeFi
StakeStone
Project Focus: LST Protocol
Project Twitter: https://x.com/Stake_stone
StakeStone is a multichain LST protocol designed to bring native staking yields and liquidity to Layer 2 in a decentralized manner. It supports leading staking pools, is compatible with restaking, and has established a multichain liquidity market for its native LST token, STONE.
Cedro
Project Focus: Cross-chain DeFi Products
Project Twitter: https://x.com/cedro_finance
Cedro offers a range of DeFi products including lending, trading, and yield aggregation, allowing users to conduct cross-chain borrowing and lending across multiple chains through its platform.
GoGoPool
Project Focus: Liquid Staking, Node Validation
Project Twitter: https://x.com/GoGoPool_
GoGoPool provides users with a decentralized liquidity pool for participation in liquid staking, along with a one-stop launcher that enables users to easily become node validators.
EchelonMarket
Project Focus: Decentralized Financial Markets
Project Twitter: https://x.com/EchelonMarket
Echelon is a decentralized financial market built using the Move language. Users can indirectly lend and borrow assets from each other via non-custodial pools to earn interest, and Echelon also offers leveraged trading services.
Clobx
Project Focus: CLOB System Built on Movement
Project Twitter: https://x.com/clobxio
As the first native liquidity layer on Movement, Clobx plans to build a fully on-chain central limit order book (CLOB) system, aiming to revolutionize token trading using blockchain technology.
Interest DEX
Project Focus: Decentralized Exchange
Project Twitter: https://x.com/IPXMovement
Interest DEX is a native DEX supported by Movement, bringing aspects of fractional reserve banking to Ethereum by paying interest to all depositors.
Route-X
Project Focus: Liquidity Aggregator
Project Twitter: https://x.com/routexio
Route-X is a DEX aggregator within the Movement ecosystem, aiming to mirror Jupiter in the Solana ecosystem.
RazorDex
Project Focus: Decentralized Exchange
Project Twitter: https://x.com/RazorDex_
A decentralized exchange backed by RazorDAO, featuring a UI with a distinct Meme aesthetic.
Yodeswap
Project Focus: Memecoin DEX
Project Twitter: https://x.com/yodeswap
Yodeswap is Dogechain’s native meme DEX, with plans to deploy soon on the Movement network.
IDOSwap
Project Focus: Undisclosed
Project Twitter: https://x.com/IDOswapio
Specific details about IDOswap have not yet been disclosed by the team. However, given its frequent interactions with the official Movement account on Twitter, it is speculated that IDOswap will initially launch within the Movement ecosystem.
Wallets
RazorDAO
Project Focus: Wallet-Based DApp Aggregator
Project Twitter: https://x.com/RazorDAO
Razor Wallet is a wallet aggregator for Movement DApps, enabling seamless interaction with all wallets in the Movement ecosystem. Currently in early stages and only available on PC, a mobile version is planned for release in the future.
IDOwallet
Project Focus: Undisclosed
Project Twitter: https://x.com/IDOwallet_io
IDOwallet shares a team with IDOswap and has also not disclosed further details. It is speculated that the wallet will initially support Movement ecosystem assets.
Infrastructure
EMCProtocol
Project Focus: AI + DePIN
Project Twitter: https://x.com/EMCprotocol
EMC has made notable progress in the AI + DePIN space, providing distributed computing power for decentralized applications.
SkipProtocol
Project Focus: One-Stop DeFi Solution
Project Twitter: https://x.com/SkipProtocol
Skip provides DeFi protocols with its proprietary oracle, Slinky, and has developed the open-source Block SDK toolkit, offering a one-stop solution for rapidly building DeFi applications.
SeamMoney
Project Focus: AMM Aggregation
Project Twitter: https://x.com/SeamMoney
SeamMoney provides centralized liquidity AMMs for both Aptos and Movement, with plans to offer a module explorer and DApp navigation browser in the future.
NFT
Mintify
Project Focus: Order Book NFT Trading Engine
Project Twitter: https://x.com/Mintify
Mintify is an NFT marketplace that provides a fast execution engine for NFT trades, along with on-chain and off-chain historical data and liquidity analytics. It is already deployed on the Ethereum mainnet, Base, and Blast networks, with plans to expand to Ordinals and Movement.
Other Services
Ispolink
Project Focus: AI-Powered Web3 Recruitment Platform
Project Twitter: https://x.com/ispolink
Ispolink is a Web3 talent recruitment platform that uses an AI matching engine to connect companies with Web3 professionals. It features resume parsing, job analysis, and other tools to help users find roles matching their qualifications more efficiently.
BRKT
Project Focus: Decentralized Betting Platform
Project Twitter: https://x.com/BRKTgg
BRKT is a decentralized on-chain betting management protocol that provides users with a secure and transparent platform for placing bets on-chain.
Henry Social
Project Focus: Web3 Solutions for Commercial Brands
Project Twitter: https://x.com/henrysocialxyz
Henry is an integrated product suite that combines off-chain applications with on-chain technology to deliver seamless, scalable business solutions. Henry currently offers three products: Luxe Rewards, Luxe Loyalty, and Strata. Luxe Rewards provides cashback for customers during everyday purchases. Luxe Loyalty enables brands to create customized loyalty programs using no-code solutions powered by on-chain technology. Strata helps integrate Web3 capabilities into a brand’s daily operations seamlessly.
MoveCity
Project Focus: On-chain Social Application
Project Twitter: https://x.com/movecity2023
MoveCity is another Social DApp built on the Movement network, though little information has been disclosed so far.
Zoinbets
Project Focus: Mobile Betting Platform
Project Twitter: https://x.com/zionbets
Zoinbets offers users a fast mobile betting platform, currently under development on the Aptos testnet.
Summary
Based on currently available information, the Movement ecosystem is still primarily focused on foundational infrastructure and multichain financial tools, with many additional projects still in the "planned deployment" phase.
Movement is actively working to strengthen its ecosystem. This month, Movement Labs announced an upcoming hackathon on its testnet, encouraging promising projects to join the Movement ecosystem.
We look forward to the launch of the Movement mainnet attracting more high-quality projects to its ecosystem. Stay tuned — still early.
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