Opportunity of Move language

TL;DR

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

2. In the early stages of the public chain ecosystem using the Move language, interaction options are limited.

3. Many well-known institutions have laid out public chains with a Meta background, and traditional financial institutions are entering the field.

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 the Diem project, with main features including:

1. Program assets as first-class citizens
2. Ensure security through static calls, virtual machine sandboxing, etc.
3. Verifiability
4. Flexibility
5. Contract Composability

Move defines assets as Resources, with only the owner able to decide on the storage and transfer of resources, avoiding reentrancy and double-spending attacks. Move enhances security through static calls, virtual machine sandboxes, etc., and supports formal verification. Move offers flexibility and contract composability.

Main Public Chains Using Move Language

Aptos

• High-performance public chain built by former Meta engineers
• Focused on security, scalability, and upgradability
• Completed two rounds of financing, totaling 350 million USD
• The ecological development is relatively fast, with more than 60 projects already.
• Planning to launch the mainnet this autumn.

Sui

• Built by Mysten Labs, founded by former Meta engineers
• Focus on high TPS and low latency
• Completing Series B financing, valued at $2 billion
• 8 ecological projects, featuring NFTs and blockchain games.
• The incentive testnet will be launched this month.

Starcoin

• Based on the enhanced PoW consensus and the Move language
• Launched mainnet in May 2021
• The ecosystem includes wallets, DEX, NFTs, etc.
• Token STC, total supply 3.18 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

• Overall in the early stage, the number of projects is relatively small
• There are many NFT and wallet projects.
• The Aptos ecosystem development is leading, with 60-70 projects.
• User interaction options are limited, mainly focused on wallets, DEX, and NFTs.

Progress of Aptos and Sui Testnets

• Aptos has completed AIT1 and AIT2, and is about to proceed with AIT3.
• Sui will launch the incentive testnet this month.
• Node deployment has certain thresholds and requires professional skills.
• Aptos rewards 500 tokens at each stage, Sui rewards 2000 tokens.

Investment Opportunities Behind the Move Language

• Well-known institutions such as a16z and Tiger Global are actively positioning themselves.
• Traditional financial institutions such as Franklin Templeton are starting to enter the market.
• The features of Move language are highly compatible with DeFi, NFT, and more.
• Ecological projects focus on DeFi and NFTs
• Solana ecosystem projects begin migrating to Aptos
• Aptos and Sui have high valuations, and market expectations are relatively optimistic.

Currently, Aptos and Sui have not issued tokens, and their value capture capabilities still need further observation. The future development focus is on expanding the ecosystem, optimizing user experience, and improving public chain performance.