As on-chain activity decreases, blockchain movements turn to Layer 1
Source: CoinWorld
Time: 2025-09-19 22:17:18
Movement is an Ethereum L2 blockchain. Due to side chain limitations, it plans to transition to its own Layer 1 network to improve performance to above 10,000 TPS. The team announced native staking, validator-based security, and upgrades to the “Move 2” programming language. However, on-chain activity has declined, with trading volumes falling by 34% from June to August. The move comes after the co-founder dispute and token prices fell 90% from all-time highs.