Opportunities of Move Language

TL;DR

1. Move language features programming assets as first-class citizens, security, flexibility, and composability.

2. The public chain ecosystem using the Move language is still in its early stages, with limited interaction options.

3. Many well-known investment institutions have already made early arrangements for public chains with a Meta background, and traditional financial institutions are entering the market.

4. Continuous attention is needed on the ecological expansion, testnet progress, and market performance of Aptos and Sui.

Characteristics of Move Language

Move is the programming language developed by Meta for its stablecoin project Diem, with key features including:

1. Program assets as first-class citizens

2. Ensure security through static calls, virtual machine sandboxes, etc.

3. Verifiability

4. Flexibility

5. Contract Composability

The Move language defines assets as Resources, where only the owner can decide on the storage and transfer of the resources, thus avoiding reentrancy and double-spending attacks. It enhances security through static calls, virtual machine sandboxes, and formal verification, while also providing flexibility and contract composability.

public chain using Move language

Currently, there are four public chains using the Move language: Aptos, Sui, Starcoin, and 0L Network.

Aptos is built by former Meta engineers, focusing on security, scalability, and upgradability. Currently in the testnet phase, it has completed $350 million in financing, with over 60 ecosystem projects.

Sui is built by Mysten Labs, founded by former Meta engineers, focusing on high TPS and low latency. It is completing a $200 million Series B funding round, with 8 ecosystem projects.

Starcoin is an early public blockchain based on the Move language, and its mainnet has been running stably for over a year. The ecosystem includes wallets, exchanges, NFTs, and blockchain games.

0L Network is an open, permissionless community-managed public chain, launched in October 2021.

Public Chain Ecosystem Development Status

The Move language public chain ecosystem is still in its early stages, with few interactive applications.

The Aptos ecosystem is leading in development, with 60-70 projects covering DEX, wallets, NFTs, and more.

The Sui ecosystem has 8 projects, mainly focused on infrastructure.

The Starcoin ecosystem performs outstandingly in NFTs and blockchain games.

Progress of Aptos and Sui testnets

Aptos has completed two rounds of incentive testing networks, and the third round will be held from August 30 to September 9, with the theme of governance and upgrades.

Sui will launch the incentive testnet this month, and registration is now open.

Both assess participants through node deployment and have high requirements for node operation. Based on testnet experience and participation, Aptos is leading.

Investment Opportunities Behind the Move Language

1. Well-known investment institutions have already invested in Aptos and Sui, and traditional financial institutions are entering the market.

2. The features of Move language are highly compatible with the demands of DeFi and NFTs, attracting developers.

3. Ecological projects focus on DeFi and NFTs, and Solana applications are migrating to Aptos.

4. The market values Aptos and Sui highly, but their ability to capture value still needs to be verified.