Opportunities in Move Language

TL;DR

1. Move language has features such as treating 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. Multiple well-known investment institutions have already laid out early plans for public chains with a Meta background, and traditional financial institutions are entering the fray.

4. Continuous attention is required on the ecosystem 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, and its main features include:

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 digital assets through Resources, allowing assets to only be transferred between storage locations, thereby avoiding re-entrancy and double-spending attacks. Move enhances security through static calls and a virtual machine sandbox, proving program safety through formal verification. Move offers good flexibility and composability, providing a quality option for DeFi and NFT development.

Main Public Chains Using Move Language

Currently, there are 4 main public chains using the Move language:

Aptos

• High-performance public chain built by former Meta engineers
• Focus on security, scalability, and upgradability
• Completed a $350 million financing round, with investors including FTX Ventures, a16z, and others.
• The ecological development is relatively fast, with over 60 projects deployed.
• Plan to launch the mainnet this fall

Sui

• Built by Mysten Labs, founded by former Meta engineers.
• Focus on high TPS and low latency
• Completing a $200 million Series B financing, with a valuation of $2 billion
• There are fewer ecological projects, mainly focused on NFTs and blockchain games.
• The incentive testnet will be launched this month.

Starcoin

• Public chain based on enhanced PoW and Move language
• Mainnet launched in May 2021, operating stably
• The ecosystem includes projects like wallets, DEX, NFTs, etc.
• Native token STC, total supply 3.185 billion

0L Network

• Community-managed Layer 1 blockchain
• Genesis in October 2021
• The number of validation nodes is limited to 100.
• No tokens issued yet, no financing information.

Status of Public Chain Ecosystem Development

1. Overall in the early stages, there are many NFT and wallet projects in the ecosystem.

2. The Aptos ecosystem is leading in development, with 27 available projects covering DEX, wallets, NFTs, and more.

3. There are 8 Sui ecosystem projects, focusing on infrastructure.

4. The Starcoin ecosystem focuses on NFTs and blockchain games.

5. User interaction options are still limited.

Progress of Aptos and Sui Testnets

1. Aptos has completed AIT1 and AIT2, AIT3 will take place from August 30 to September 9.

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

3. Both are primarily node-based deployments, with high requirements for participants.

4. The experience and participation in the Aptos testnet are superior.

5. Sui has higher reward amounts at each stage.

Investment Opportunities Behind the Move Language

1. Well-known investment institutions are actively positioning themselves, and traditional financial institutions are starting to enter the market.

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

3. The prospects for ecological development are promising, with a focus on DeFi and NFT projects in the short term.

4. The trend of Solana ecosystem projects migrating to Aptos is worth paying attention to.

5. The market values Aptos and Sui highly, but their value capture ability remains to be observed.