TechFlow news — According to an official announcement, Binance Labs has revealed its investment in blockchain network Movement Labs, with the specific amount undisclosed. Movement Labs will support Sui Move, Aptos Move, and the embedded EVM interpreter MEVM, enabling Sui, Aptos, and EVM users to leverage Layer 2 solutions, bringing smart contract security and parallelization to Ethereum. Movement’s Move-EVM allows developers using Move and Solidity to deploy formally verified code at runtime, effectively preventing execution of common attack vectors such as reentrancy.
Yi He, co-founder of Binance and head of Binance Labs, commented: “Movement’s technology and modular approach meet the growing demand for integrated blockchain networks, unlocking potential for enhanced security and speed. At Binance Labs, we are always looking for pioneers shaping the industry, and we look forward to seeing how Movement continues to evolve.”
