Odaily News Movement Labs launched Ethereum L2 M2 based on Move, which modularizes the data availability layer for expansion and accelerates the creation of high-performance consumer DApps. Where Move VM is optimized for high throughput, with a native fee market and embedded support for formal verification, M2 also extends via Blobstream to transfer Celestia’s high-throughput modular DA to Ethereum for integration by L2 . According to previous news, Movement Labs announced the completion of a US$3.4 million Pre-Seed round of financing, led by Varys Capital, dao5, Blizzard The Avalanche Fund, Borderless Capital and its cross-chain fund focusing on the Wormhole ecosystem, Colony, Interop Ventures, Elixir Capital, BENQI Participate in investment.