How $MOVE Brings a Facebook Virtual Machine to Ethereum

Movement ($MOVE) crypto started 2025 on a high after a well-timed airdrop — and brings a new Layer 2 to Ethereum with an assist from a Facebook programming language.

Movement is a new blockchain built using Facebook‘s Move Virtual Machine (MoveVM). MoveVM itself is a virtual machine that runs the Move programming language, developed by Facebook for the Diem blockchain.

The Movement L2 aims to enable developers to bring Move to Ethereum (ETH), offering secure and high-performance decentralized applications.

Techopedia explores the technology behind Movement and examines $MOVE’s recent price movements.

Table of Contents Table of Contents

1. Key Takeaways
2. Movement Uses Move Stack Chains to Improve Security
3. Movement Launches Token with Major Airdrop
4. The Bottom Line
5. FAQs
6. References

Show Full Guide

Table of Contents

1. Key Takeaways
2. Movement Uses Move Stack Chains to Improve Security
3. Movement Launches Token with Major Airdrop
Show Full Guide
4. The Bottom Line
5. FAQs
6. References

Movement Uses Move Stack Chains to Improve Security

The Movement project is developed by Movement Labs, a blockchain company founded by college dropouts Rushi Manche and Cooper Scanlon. In April last year, Movement Labs raised $38 million in a Series A funding round led by Polychain Capital.

Notably, venture capital firms Hack VC, Placeholder, Archetype, Maven 11, Robot Ventures, Figment Capital, Nomad Capital, Bankless Ventures, OKX Ventures, dao5, and Aptos Labs also participated in the round for the Move programming language-based project.

More recently, the project issued its native token, $MOVE, with a portion of the tokens being airdropped to early users and community members. In January 2025, the token traded at $1.07, with a market capitalization of over $2.4 billion, according to data from CoinMarketCap.

At its core, the Movement Network is a Layer-2 blockchain solution that allows developers to build decentralized applications (dApps) more easily while benefiting from high-speed transactions and Ethereum-level security.

To achieve this, the project uses Move Stack Chains, a network of customized rollups secured by Ethereum, to improve scalability, security, and interoperability, according to its whitepaper.

What makes Movement unique is its focus on the Move programming language, originally developed by Facebook for secure blockchain solutions. Movement integrates this with Ethereum to allow developers to create high-performance applications without sacrificing security or efficiency.

The Move programming language supports both Move and Ethereum-based tools, making it easy for developers to transition or expand their existing projects into this new platform.

Additionally, Movement offers a feature called “fast-finality,” which achieves “confirmation times in seconds by leveraging economic security from a network of validators while retaining Ethereum’s security.”

Movement also introduces the Move Arena, a network designed for interoperability and customization. This allows developers to create rollups while benefiting from shared resources like liquidity and transaction ordering.

Finally, the project incorporates multi-asset staking, allowing validators to stake and earn rewards in various cryptocurrencies.

Movement Launches Token with Major Airdrop

In December, the Movement Network Foundation launched its MOVE token, distributing over $830 million worth of tokens in an airdrop called the “MoveDrop.”

The airdrop allocated 1 billion MOVE tokens (10% of the total supply) to early users who engaged with the testnet, with an additional 1.25 billion tokens (12.5%) unlocked for community initiatives. This brings the total circulating supply to 2.25 billion MOVE tokens (22.5% of the total supply).

The remaining MOVE tokens are allocated to ecosystem rewards (40%), early contributors (17.5%), and early backers (22.5%). Major exchanges like Coinbase and Binance already support MOVE trading.

It is worth noting that MOVE token, which started trading at around $0.7, surged to an all-time high of $1.45 on the day of the airdrop. It has since trimmed some of the gains but the token is still up by around 60% since its launch one month ago.

As of January 6, 2025, MOVE ranks as the 58th largest cryptocurrency by market cap on CoinMarketCap. The 24-hour volume-to-market cap ratio for MOVE stands at 33.72%.

The Bottom Line

Movement stands out among L2 blockchains due to its integration with Facebook’s Move programming language.

The project’s features, including fast-finality for near-instant transactions, customizable rollups, and multi-asset staking, make it a powerful platform.

FAQs