Despite the drop in the wider crypto market, the movement’s decision decision increased by more than 6% today and 14% in a week.
The bullish impetus follows the launch of the main movement of movement and the FNB Frais Shares FNB and Osprey Fund deposits.
The main beta of the movement network is put online
The Mainnet became operational on March 10 at 3:00 p.m. UTC, offering a key pontage mechanism powered by Layerzero. Users can now move assets like Move, USDT, USDC, WBTC and Weth on the motion blockchain.
The launch reports more than $ 233 million in the network, including BTC, ETH and MOVE, from the movement of the movement. With this deployment, developers and users can interact freely with the network for the first time.
Move was initially developed as part of the Facebook initiative Currency, which was abandoned in 2022.
Since then, the programming language has been used for layer 1 projects like Su and Aptos, while Movement Labs has extended it to create a layer 2 based on Ethereum.
Rex Share the file for a moving ETF with dry
The same day as the launch of the Mainnet, the investment companies Rex actions and funds of Balbuzard Fishermen filed an file to introduce an ETF according to the price of the decision.
Previously, Rex Shares asked for ETF approvals for various cryptographic assets, including tokens even like Trump, Bonk and Doge.
Deposits occur while the SEC apparently becomes more pro-Crypto and lower the status of titles for many assets. Earlier, the Commission announced that it did not consider the documents even as titles.
In addition, under the new management, the regulator has rejected several prosecution and surveys involving companies like Coinbase, Kraken, Robinhood, etc. These positive developments influence more ETF Altcoin applications.
With these positive developments, Move has now crossed $ 1.2 billion in market capitalization. Altcoin’s trading volume has also increased by more than 40% today.
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