Move Industries, the company behind the Movement project, revealed plans on Tuesday to transition into a Layer 1 network from a sidechain, aiming to deliver performance improvements and enable native token staking.
In a thread of X posts on Tuesday, Move Industries said it has hit its ceiling as a sidechain, and a Move-based L1 can help reach 10,000 transactions per second at sub-second latency. That represents a leap from the current 500-600 TPS limitation, the company said in a Tuesday statement.
The L1 transition will also unlock Move 2.0, the company said. “Move 2 updates Move, the best smart contract language. It allows for enum types, index notation, compound statement, and more,” the company added.
The planned L1 network is set to feature native staking, supported by a validator network that helps secure Movement. Under this new design, locked MOVE tokens would be excluded from staking eligibility.
The company plans to launch a developer testnet in the near future, with a mainnet migration targeted for the end of 2025, according to the statement.
The project noted that the migration is expected to be seamless for users, requiring no action on their part. All existing funds, smart contracts, and network activity are set to carry over unchanged.
Onchain activity on Movement has accelerated in recent months. Movement’s total value locked climbed to $200.6 million as of Wednesday, up from $156.2 million at the start of September, according to Defilama data. Movement DEX volume jumped to $343.6 million in August, more than tripling from $110.4 million in July.
MOVE, the native token of Movement, climbed 1.9% in the past 24 hours to trade at around $0.13 as of 3:30 a.m. ET Wednesday, according to The Block’s price page. It has a market capitalization of $349 million.
In May, Movement Labs dismissed co-founder Rushi Manche after revelations of a controversial market-making scandal involving 66 million MOVE tokens, about 5% of the supply. The company then restructured under new leadership as Move Industries, led by early employees Torab You and Will Gaines, pledging greater transparency and stronger community engagement.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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