Movement M2 ecosystem: Fractal, Thala, Echelon and Dappad
Thread343 words
Details why Movement's M2 attracts builders: the Fractal compiler lets EVM apps deploy without writing Move, and Move apps from Aptos or Sui can migrate. Highlights Thala (over $200M TVL), Echelon, Stream and Dappad joining the ecosystem.
Key claims
Thala has over $200M TVL on L1s
Fractal lets EVM apps deploy on M2 without Move code
M2 supports native IBC
The first modular Move L2 with @CelestiaOrg underneath is rising
Ecosystem growth is taking off & with the latest announcement, it is time to explore the opportunities that the emerging M2 ecosystem will offer
Alpha-🧵 so you can position yourself early
t.co/lkXdkklXto
1/ As an EVM-compatible Move rollup on Ethereum with @CelestiaOrg underneath and native IBC support, @movementlabsxyz M2 bears potential to unify assets and liquidity from across major ecosystems (EVM/Cosmos/Move).
Check my deep dive here! 👇
x.com/zerokn0wledge_/status/1775810581779660906
2/ What is unique about M2 and other Movement SDK based chains, is that the MoveVM doesn't only support Move contracts.
The Fractal compiler enables applications coming from the EVM universe to deploy on M2 without writing single line of Move code. A seamless & simple process.
3/ This is huge and ensures a constant influx of migrating projects from Move-ecosystems like @Aptos or @SuiNetwork but also EVM chains.
One example is @StreamDefi will bring Ethena-style delta neutral yield-bearing vaults to M2 that can be denominated in $USDC, $ETH & $BTC.
4/ An example of a project that is expanding to M2 from the Move ecosystem that exists on L1s is @ThalaLabs.
@ThalaLabs is the dominant Move DeFi suite with over $200M in TVL. It includes:
✦ DEX
✦ Stablecoin
✦ Liquid Staking Derivatives
✦ Launchpad
x.com/zerokn0wledge_/status/1771178731727737155
5/ Or @EchelonMarket, which is a composable money market built on Move and another core piece of DeFi infrastructure that joins the M2 ecosystem.
x.com/zerokn0wledge_/status/1773804034794872929
6/ The next project in line is @Dappadofficial, a multi-chain launchpad with built-in account abstraction features that is expanding over to M2 from the EVM universe with Fractal.
x.com/zerokn0wledge_/status/1777915951843008821
7/ More recently, @movementlabsxyz also announced the integration of m1 and M2 with @modularcloud1!
x.com/movementlabsxyz/status/1778873637275050049?s=46
8/ I'm not surprised that the ecosystem is doing well though, especially considering the active support the @movementlabsxyz provides ecosystem builders.
x.com/zerokn0wledge_/status/1775252730237591777
That's a wrap anon. DYOR and don't fade @movementlabsxyz. 👀
The alt-VM narrative will be huge and Move has potential. The Movement ecosystem will be leading the charge and positioning yourself early can pay off big. 🚀