Movement Labs, an Ethereum layer-2 network, has announced a strategic partnership with Polygon Labs to enhance blockchain interoperability and liquidity. The integration with Polygon’s AggLayer will enable unified liquidity across Move Virtual Machine (MoveVM)-based layer-2 chains, AggLayer-connected chains, and the Ethereum network.

This collaboration is a significant step towards bridging the gap between the Move and Ethereum Virtual Machine (EVM) ecosystems, according to Movement Labs co-founder Rushi Manche. “Developers can now leverage the security of alternative layer-1s without compromising on the trusted Ethereum environment,” he said. The partnership is also expected to protect Web3 projects from common vulnerabilities prevalent in the Ethereum ecosystem.

Polygon Labs CEO Marc Boiron emphasized AggLayer’s role in fostering a unified blockchain ecosystem. “By bringing together users, developers, programming languages, smart contracts, and liquidity, we’re moving closer to unlimited global interoperability,” he stated.

Through the AggLayer partnership, Movement developers can deploy Solidity contracts on Move-based chains without code modifications, significantly reducing security risks. Boiron believes this collaboration will address critical challenges in Web3, such as siloed liquidity and fragmented user experiences, which have hindered mass adoption.

To support its upcoming mainnet launch, Movement Labs has secured a substantial $160 million in total value-locked (TVL) commitments from investors and partners. The company also launched its public testnet, hosting six Web3 projects, including Echelon, Moveposition, Meridian, Avitus, BRKT, and Infinite Seas. Notably, Solv Protocol pledged $100 million towards the mainnet, while existing and new investors contributed an additional $60 million.

In April, Movement Labs raised $38 million in Series A funding to develop a network of blockchains based on Facebook’s Move programming language.

This latest development underscores Movement Labs’ commitment to building a robust and interconnected blockchain ecosystem.

By leveraging Move-based EVM, Movement Labs aims to enhance smart contract security and transaction throughput within the Ethereum ecosystem.

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