Welcome to the Movement (powered by Move Industries) Overview, a monthly deep dive into the Movement ecosystem that explores the network’s latest developments, metrics and more. All in one place.
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Movement Metrics
Daily transactions: 16.9K (-37.6%)
Network transactions per second: 34 tx/s (-32%)
Daily active users: 4.3K (-40%)
Total Value Locked: $151.2M (+1.8%)
Movement stablecoin market cap: $42.7M (+2.6%)
The metrics are accurate at the time of publication. The percentage change is over a 30-day period.
Movement Monthly Spotlight
While much of the crypto market remains in wait-and-see mode, Movement is busy working on cross-border payments, its CEO Torab Arya noted in the Movement Quarterly Ecosystem Call with Token Relations.
Movement is tackling cross-border payments and remittances, and Arya said recently enacted US policy is making the need for this capability more urgent. "The US government actually recently enacted a 1% tax on remittances. So if you pay cash and you send $500 to your uncle in Mexico, they actually take $5 off the top," he said.
When combined with existing fees from money transmission services, the total cost of sending $500 can reach around $15, plus additional foreign exchange markups.
A key challenge in expanding crypto adoption in these markets, Arya said, is changing user behavior. He argued that behavior shifts only happen when a new solution is meaningfully better than the existing one.
On the infrastructure side, he identified on-ramping and off-ramping as the primary bottleneck. "That's where the government has all their control," he said, adding that the most realistic path forward involves working within existing regulatory frameworks rather than circumventing them.
Movement has pursued distribution through partnerships with crypto neobanks. Through a collaboration with KAST, Arya said the blockchain saw roughly 25% to 30% of new token recipients come onchain after a promotional campaign generated around 100,000 new user signups.
Arya said the results reflect a broader point about how crypto adoption actually happens. "If you solve a problem for people, they will use your solution," he said. "They care less what's on the back end."
What’s Move-ing the Ecosystem
Movement upgraded its MOVE token bridge to enable cross-chain transfers between EVM networks
Coinbase re-enabled MOVE token trading on its centralized exchange via Aerdome
Movement’s block times hit a record low of 241ms on March 2
Tapping into the Community
Want to dive deeper into the Mezo ecosystem?
DoubleUp launched its online wagering platform to the Movement network
Meridian released a concentrated liquidity market maker for MOVE and USDC/USDT pairs
Matrix.fun added $10K worth of MOVE tokens to its War Chest campaign, used for MTX’s upcoming airdrop
Keep Moving
Want to explore Move Industries further?
Find the latest Move Industries job postings here
Movement released official developer documentation for users who want to run nodes on the network
Check out the Parthenon Odyssey to apply for Movement’s content creator program
Catch you next month.
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.