Opportunity Insight: A Comprehensive Overview of the L2 Movements Ecosystem Following Massive Funding

Writen by TechFlow 深潮

Recently, Movement, an Ethereum Layer 2 solution based on the Move language, secured $38 million in funding led by Polychain.

Movement integrates the Move language into the Ethereum Virtual Machine (EVM), allowing Ethereum developers to seamlessly migrate and deploy applications on the Movement network. It also facilitates asset and data transfers with other Move language-based networks like Sui and Aptos.

This substantial funding underscores the market's confidence in Movement’s potential to diversify the future of Ethereum.

TechFlow has compiled a list of some applications currently or potentially deploying within the Movement ecosystem, providing insights into its developmental progress.

DeFi

StakeStone

• Focus: LST Protocol

• Project Twitter: Stake_stone

StakeStone is a comprehensive LST protocol that brings native staking returns and liquidity to Layer 2 through decentralized mechanisms. It supports leading staking pools and is compatible with restaking, while also creating a multichain liquidity market based on its native LST token, STONE.

Cedro

• Focus: Cross-chain DeFi Products

• Project Twitter: cedro_finance

Cedro offers a variety of DeFi products, including lending, trading, and yield aggregators. Users can engage in cross-chain and multichain lending through Cedro.

GoGoPool

• Focus: Liquidity Staking, Node Validation

• Project Twitter: GoGoPool_

GoGoPool offers users decentralized liquidity pools where they can participate in liquidity staking. It also provides a one-stop launcher, enabling users to easily become node validators.

EchelonMarket

• Focus: Decentralized Financial Market

• Project Twitter: EchelonMarket

Echelon is a decentralized financial market built using the Move language. Users can lend and borrow assets through non-custodial pools to earn interest. Echelon also offers leverage trading services to its users.

Clobx

• Focus: Central Limit Order Book (CLOB) System Built on Movement

• Project Twitter: clobxio

As the first native liquidity layer on Movement, Clobx aims to develop a fully on-chain central limit order book system that leverages blockchain technology to transform token trading.

Interest DEX

• Focus: Decentralized Exchange

• Project Twitter: IPXMovement

Interest DEX is a native DEX supported by Movement, introducing aspects of traditional banking's fractional reserve practices to Ethereum and paying interest to all depositors.

Route-X

• Focus: Liquidity Aggregator

• Project Twitter: routexio

Route-X is a DEX aggregator within the Movement ecosystem, aiming to mirror the functionality of Jupiter in the Solana ecosystem.

RazorDex

• Focus: Decentralized Exchange (DEX)

• Project Twitter: RazorDex_

RazorDex is a decentralized exchange supported by RazorDAO, notable for its UI that embraces a meme-inspired aesthetic.

Yodeswap

• Focus: Memecoin DEX

• Project Twitter: Yodeswap

Yodeswap is the native memecoin decentralized exchange (DEX) for the Dogechain, with plans to deploy on the Movement network soon.

IDOSwap

• Focus: Not disclosed yet

• Project Twitter: IDOSwapio

Details about IDOSwap are still under wraps, but frequent interactions with the Movement official account on Twitter suggest that IDOSwap may first launch within the Movement ecosystem.

Wallet

RazorDAO

• Focus: Wallet Dapp Aggregator

• Project Twitter: RazorDAO

Razor Wallet acts as a wallet aggregator for DApps within the Movement ecosystem, facilitating seamless interaction with all wallets. Currently in its early stages, Razor Wallet is only available on PC, with plans to expand to mobile versions in the future.

IDOwallet

• Focus: Not disclosed yet

• Project Twitter: IDOwallet

IDOwallet and IDOswap are operated by the same team and have not disclosed much information yet. It is speculated that IDOwallet will initially support assets within the Movement ecosystem.

Infrastructure

EMCProtocol

• Focus: AI + Depin

• Project Twitter: EMCProtocol

EMCProtocol is notable in the AI + Depin sector, providing distributed computing power for decentralized applications.

SkipProtocol

• Focus: One-stop DeFi solutions

• Project Twitter: SkipProtocol

SkipProtocol offers unique oracle services through its "Slinky" oracle, and has developed an open-source toolkit, the Block SDK, providing a comprehensive one-stop solution for rapidly building DeFi applications.

SeamMoney

• Focus: AMM Aggregation

• Project Twitter: SeamMoney

SeamMoney provides centralized liquidity AMMs for the Aptos and Movement networks. Future plans include launching a module browser and a Dapp navigation browser to enhance user interaction within these ecosystems.

NFT

Mintify

• Focus: Order book NFT trading engine

• Project Twitter: Mintify

Mintify is an NFT trading platform that features a fast execution engine for NFT transactions. It also offers on-chain and off-chain historical data and liquidity analysis. Currently deployed on the Ethereum mainnet, Base, and Blast networks, Mintify plans to expand to Ordinals and the Movement network in the future.

Other Facilities

Ispolink

• Focus: AI-based Web3 Recruitment Platform

• Project Twitter: Ispolink

Ispolink is a Web3 talent recruitment platform that utilizes an AI matching engine to connect companies with Web3 professionals. It features capabilities such as resume parsing and job analysis, aiding individuals in quickly finding job positions that match their qualifications.

BRKT

• Direction: Decentralized Betting Platform

• Project Twitter: BRKT

BRKT is a decentralized on-chain gambling management protocol, offering users a secure and transparent platform for placing bets on the blockchain.

Henry Social

• Direction: Web3 Solutions for Commercial Brands

• Project Twitter: Henry Social

Henry Social offers an integrated product suite that combines off-chain applications with on-chain technology layers to provide seamless, scalable business solutions. It has launched three products: Luxe Rewards, which offers cashback on everyday shopping; Luxe Loyalty, which helps brands build customized loyalty programs using blockchain technology through a no-code solution; and Strata, which integrates Web3 technology into the daily operations of brands.

 

MoveCity

• Direction: On-chain Social Application

• Project Twitter: MoveCity

MoveCity is a Social Dapp built on the Movement network. Currently, limited information is disclosed about its specific functions.

Zoinbets

• Direction: Mobile Betting Platform

• Project Twitter: Zoinbets

Zoinbets offers a fast mobile betting platform, currently developed on the Aptos testnet.

Summary

Based on the information available, the Movement ecosystem currently centers around infrastructure and multi-chain financial tools, with numerous applications poised to join soon.

Moreover, Movement is proactively enhancing its ecosystem. This month, Movement Labs announced a forthcoming hackathon on its testnet, aimed at attracting innovative projects to the ecosystem.

We look forward to seeing more quality projects join the ecosystem once Movement's mainnet launches. It's still early days, so keep an eye out!

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