Movement (MOVE) surged 12% in the past 24 hours as it transitions from Ethereum Layer 2 to its own Layer 1 blockchain. The cryptocurrency's daily trading volume reached $84 million, reflecting increased investor interest. Network activity has also intensified, with Active Monthly Addresses rising 17% to 21,400 and Transaction Count reaching 84,900 over two days.
The MOVE network has expanded its ecosystem by partnering with over 10 DeFi applications, including LayerBank's ULAB token, which contributed $2.3 million. Despite the positive momentum, technical indicators for MOVE remain mixed, suggesting cautious optimism among traders.
Movement (MOVE) Jumps 12% Amid Transition to Layer 1 Blockchain
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