The post Movement Pivots to Layer 1 as On-Chain Activity Declines appeared on BitcoinEthereumNews.com. The Ethereum L2 is aiming for its own L1 launch, while on-chain data shows falling transaction activity. Movement, an Ethereum Layer 2 (L2) blockchain whose co-founder was involved in controversy and ousted earlier this year, said it plans to launch its own Layer 1 blockchain while its current on-chain activity is showing a gradual decline. In an X announcement on Tuesday, Sept. 16, Move Industries, the team behind the project, said that the network has “hit our ceiling as a sidechain,” arguing that moving from being an L2 on Ethereum to its own independent Layer 1 would boost performance to “10k+ TPS at sub-second latency.” The team also promised native staking, validator-based security and an upgrade to “Move 2,” an updated version of its programming language. Movement is built on the Move smart contract programming language, originally developed by Meta and touted for its security and performance. “When we diligently surveyed our builders and community, we realized that the original architecture/framework was not tenable for what we have set out to accomplish. We are no longer chasing “alignment”, we are pursuing the optimal Move builder and user experience,” Torab Torabi, CEO of Move Industries, said in an X post the same day. But on-chain figures indicate that network usage has been declining over the past few months. Data from Token Terminal shows that monthly transaction counts have been dropping since June, when they reached 7.3 million. By August, transactions had fallen to 4.8 million, a 34% drop. Monthly transaction count on Movement. Source: Token Terminal Since its debut as an Ethereum L2 in late 2024, Movement has processed a total of 26.7 million transactions, placing it just above Celestia, with 19.3 million, but behind peaq at 29 million and Polkadot with 44.3 million transactions over the last 365 days, per… The post Movement Pivots to Layer 1 as On-Chain Activity Declines appeared on BitcoinEthereumNews.com. The Ethereum L2 is aiming for its own L1 launch, while on-chain data shows falling transaction activity. Movement, an Ethereum Layer 2 (L2) blockchain whose co-founder was involved in controversy and ousted earlier this year, said it plans to launch its own Layer 1 blockchain while its current on-chain activity is showing a gradual decline. In an X announcement on Tuesday, Sept. 16, Move Industries, the team behind the project, said that the network has “hit our ceiling as a sidechain,” arguing that moving from being an L2 on Ethereum to its own independent Layer 1 would boost performance to “10k+ TPS at sub-second latency.” The team also promised native staking, validator-based security and an upgrade to “Move 2,” an updated version of its programming language. Movement is built on the Move smart contract programming language, originally developed by Meta and touted for its security and performance. “When we diligently surveyed our builders and community, we realized that the original architecture/framework was not tenable for what we have set out to accomplish. We are no longer chasing “alignment”, we are pursuing the optimal Move builder and user experience,” Torab Torabi, CEO of Move Industries, said in an X post the same day. But on-chain figures indicate that network usage has been declining over the past few months. Data from Token Terminal shows that monthly transaction counts have been dropping since June, when they reached 7.3 million. By August, transactions had fallen to 4.8 million, a 34% drop. Monthly transaction count on Movement. Source: Token Terminal Since its debut as an Ethereum L2 in late 2024, Movement has processed a total of 26.7 million transactions, placing it just above Celestia, with 19.3 million, but behind peaq at 29 million and Polkadot with 44.3 million transactions over the last 365 days, per…