Opportunities Outlook: An Overview of the Ecological Landscape of the Massive Financing L2 Movement

Author: Deep Tide TechFlow

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

Movement brings the Move language to the EVM, allowing Ethereum developers to seamlessly migrate and deploy applications to the Movement network, while also enabling cross-chain asset and data transfers with the Sui and Aptos networks developed using the Move language.

It seems that Movement is a Layer 2 solution that offers a diversified future for Ethereum, and the substantial funding reflects the market's optimistic outlook on Movement's future development.

Here’s a look at some applications that are currently or will be deployed in the Movement ecosystem, helping readers gain further insight into the current state of Movement's ecosystem development.

DeFi

StakeStone

Project Direction: LST Protocol

Project Twitter: https://x.com/Stake_stone

StakeStone is a full-chain LST protocol designed to bring native staking rewards and liquidity to Layer 2 in a decentralized manner. StakeStone supports leading staking pools and is compatible with restaking, while also establishing a multi-chain liquidity market based on the native LST STONE of StakeStone.

Cedro

Project Direction: Cross-chain DeFi Products

Project Twitter: https://x.com/cedro_finance

Cedro offers a variety of DeFi products, including lending, trading, and yield aggregators, enabling users to achieve multi-chain cross-chain lending through Cedro.

GoGoPool

Project Direction: Liquid Staking, Node Validation

Project Twitter: https://x.com/GoGoPool_

GoGoPool provides users with decentralized liquidity pools, allowing them to participate in liquid staking while offering a one-stop launcher that makes it easy for users to become node validators.

EchelonMarket

Project Direction: Decentralized Financial Market

Project Twitter: https://x.com/EchelonMarket

Echelon is a decentralized financial market built on the Move language. Its users can indirectly borrow and lend assets through non-custodial pools to earn interest, while Echelon also provides leverage trading services.

Clobx

Project Direction: CLOB System Built on Movement

Project Twitter: https://x.com/clobxio

As the first native liquidity layer of Movement, Clobx plans to build a fully on-chain central limit order book system aimed at transforming token trading using blockchain technology.

Interest DEX

Project Direction: Decentralized Exchange

Project Twitter: https://x.com/IPXMovement

Interest DEX is a native DEX supported by Movement, bringing part of the traditional banking reserve business to Ethereum, paying interest to all depositors.

Route-X

Project Direction: Liquidity Aggregator

Project Twitter: https://x.com/routexio

Route-X is a DEX aggregator in the Movement ecosystem, aiming to benchmark against Jupiter in the Solana ecosystem.

RazorDex

Project Direction: Decentralized Exchange

Project Twitter: https://x.com/RazorDex_

A decentralized exchange supported by RazorDAO, with a UI that has a strong meme flavor.

Yodeswap

Project Direction: Memecoin DEX

Project Twitter: https://x.com/yodeswap

Yodeswap is the native meme DEX of Dogechain, which is set to be deployed on the Movement network soon.

IDOSwap

Project Direction: Not Disclosed

Project Twitter: https://x.com/IDOswapio

Specific information about IDOswap has not been disclosed by the project team, but frequent interactions with Movement's official account on its project Twitter suggest that IDOswap will likely be deployed in the Movement ecosystem first.

Wallets

RazorDAO

Project Direction: Wallet DApp Aggregator

Project Twitter: https://x.com/RazorDAO

Razor Wallet is a wallet aggregator for Movement DApps, allowing easy interaction with all wallets in the Movement ecosystem. Currently, the wallet is still in its early stages and is only available on PC, with a mobile version planned for the future.

IDOwallet

Project Direction: Not Disclosed

Project Twitter: https://x.com/IDOwallet_io

IDOwallet and IDOswap belong to the same team and have not disclosed more information. It is speculated that it will first support assets in the Movement ecosystem.

Infrastructure

EMCProtocol

Project Direction: AI + Depin

Project Twitter: https://x.com/EMCprotocol

EMC has made significant achievements in the AI + Depin field, providing distributed computing power for decentralized applications.

SkipProtocol

Project Direction: One-stop DeFi Solution

Project Twitter: https://x.com/SkipProtocol

Skip provides a unique oracle, Slinky, for DeFi protocols and has built an open-source toolkit, Block SDK, offering a one-stop solution for rapid DeFi development.

SeamMoney

Project Direction: AMM Aggregation

Project Twitter: https://x.com/SeamMoney

SeamMoney provides centralized liquidity AMM for Aptos and Movement and will offer a module browser and DApp navigation browser in the future.

NFT

Mintify

Project Direction: Order Book NFT Trading Engine

Project Twitter: https://x.com/Mintify

Mintify is an NFT trading platform that provides a fast execution engine for NFT transactions, along with on-chain and off-chain historical data and liquidity analysis. It is currently deployed on the ETH mainnet, Base, and Blast networks, with plans to launch on Ordinals and Movement in the future.

Other Facilities

Ispolink

Project Direction: AI-based Web3 Recruitment Platform

Project Twitter: https://x.com/ispolink

Ispolink is a Web3 talent recruitment platform that connects companies and Web3 workers through an AI matching engine, while also offering resume parsing and job analysis features to help people find jobs that match their qualifications more quickly.

BRKT

Project Direction: Decentralized Betting Platform

Project Twitter: https://x.com/BRKTgg

BRKT is a decentralized on-chain gaming management protocol that provides users with a secure and transparent on-chain betting platform.

Henry Social

Project Direction: Commercial Brand Web3 Solutions

Project Twitter: https://x.com/henrysocialxyz

Henry is an integrated product suite that combines off-chain applications with on-chain technology layers to deliver seamless, scalable business solutions. Currently, Henry has launched three products: Luxe Rewards, Luxe Loyalty, and Strata. Luxe Rewards offers cashback to customers during everyday shopping, Luxe Loyalty helps brands build custom loyalty programs using on-chain technology through no-code solutions, and Strata seamlessly integrates Web3 technology into brands' daily operations.

MoveCity

Project Direction: On-chain Social Application

Project Twitter: https://x.com/movecity2023

MoveCity is also a Social DApp built on the Movement network, with limited information disclosed so far.

Zoinbets

Project Direction: Mobile Betting Platform

Project Twitter: https://x.com/zionbets

Zoinbets provides users with a fast mobile betting platform, currently being built on the Aptos testnet.

Conclusion

Based on the disclosed information, the current Movement ecosystem applications primarily consist of infrastructure and multi-chain financial facilities, with more applications still in the "planning to settle" stage.

Movement is also actively working to improve its ecosystem. This month, Movement Labs announced that it will hold a hackathon on the testnet, encouraging outstanding projects to join the Movement ecosystem.

We look forward to the future launch of the Movement mainnet attracting more quality projects into the ecosystem. Stay tuned; it's still early.