Opportunities in Move Language

TL;DR

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

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

3. Several well-known investment institutions have already made early布局 in public chains with a Meta background, and traditional financial institutions are entering the game.

4. Based on the ecological expansion, testnet progress, and valuation of Aptos and Sui, it is necessary to continuously monitor the future trends and market performance of both.

Characteristics of Move Language

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

1. Program assets as first-class citizens: Define digital assets through Resource to avoid reentrancy and double-spend attacks.

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

3. Use formal verification to enhance verifiability.

4. Freely combine various transactions through the transaction script, offering flexibility.

5. Based on Module design, with contract composability.

Major Public Chains Using Move Language

Aptos

• Built by former Meta engineers, focusing on security, scalability, and upgradability.
• Completed two rounds of financing, totaling 350 million USD.
• The mainnet is planned to launch this fall.
• The ecological development is relatively fast, with over 60 projects already.

Sui

• Built by Mysten Labs, founded by former Meta engineers.
• Focus on high TPS and low latency.
• Completing a $200 million Series B financing.
• 8 ecological projects, NFTs and blockchain games may become the highlights.

Starcoin

• Based on enhanced PoW consensus and Move language.
• Launched the mainnet in May 2021.
• The ecosystem includes wallets, exchanges, mining pools, stablecoins, NFTs, etc.

0L Network

• Open, permissionless, community-managed Layer 1.
• Genesis in October 2021.
• The number of verification nodes is limited to 100.

Development Status of Public Blockchain Ecosystem

1. The overall situation is in the early stage, with many NFTs and wallets in the ecosystem.

2. The Aptos ecosystem is leading in development, with 60-70 projects and 27 available applications.

3. User interaction options are limited, mainly focused on wallets, DEX, and NFT platforms.

Progress of Aptos and Sui Testnets

1. Aptos has completed AIT1 and AIT2, and is about to proceed with AIT3.

2. Sui will launch the incentive testnet this month.

3. The threshold for node deployment is relatively high and requires professional knowledge.

Investment Opportunities Behind the Move Language

1. Well-known investment institutions such as a16z and FTX Ventures are actively laying out their plans.

2. Traditional financial institutions such as Franklin Templeton and Samsung NEXT have started to enter the market.

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

4. The short-term ecosystem is primarily focused on DeFi and NFT projects.

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