Movement has been selected for the RootData List Top 50 Projects of 2024

ChainCatcher news, at the "DeInsight 2024" annual summit held during Devcon in Bangkok, the RootData List 2024 annual rankings have been officially announced. Movement has successfully made it to the RootData List 2024 annual rankings as one of the "Top 50 Projects (not yet TGE)." Movement is a modular framework for building and deploying Move-based infrastructure, applications, and blockchains in any distributed environment.

The team is building a suite of products and services that allow non-Move protocols to leverage the powerful capabilities of the Move programming language without writing a single line of Move code. The team's first version, M1, redefines L1 as a vertically composable and horizontally scalable Layer 1 framework that is compatible with Solidity, connects EVM and Move liquidity, and allows builders to customize modular and interoperable application chains with different user bases and liquidity out of the box.
It is reported that this ranking is the second annual selection launched by RootData following its first release in 2023, aimed at showcasing the influential and innovative key players in the Web3 space and assessing the key forces that continue to drive industry progress. RootData is committed to demonstrating the core forces and trend characteristics of industry development through rigorous data analysis.

The ranking statistics cover the period from October 31, 2023, to October 31, 2024, with five rankings published, specifically: Top 50 Projects (completed TGE), Top 50 Projects (not yet TGE), Crypto VC Top 50 investment institutions, Top 10 angel investors, and Top 20 best CEOs.