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MovaChain Token Officially Starts Trading, First Day Price Surge by 370%
BlockBeats News, November 5th, according to official sources, the MovaChain token has officially started trading, and the natively integrated derivative trading platform MOVA Liquid launched simultaneously has attracted widespread market attention on its first day. The first trading pair MOVA/USD1 went live, and within 24 hours, the trading volume exceeded 3 million USD, with the highest surge reaching 370%.
MOVA Liquid is a high-performance decentralized derivatives platform deployed on MovaChain, utilizing a fully on-chain Central Limit Order Book (CLOB) architecture, implementing layered matching and clearing logic, with matching efficiency close to that of centralized trading platforms. The platform supports multi-asset parallel execution and USD1 stablecoin full-chain settlement.
MovaChain is built around a modular design, specifically tailored for financial-grade scenarios such as payments, clearing, and asset issuance. The peak tested performance reaches 110,547 TPS, with a confirmation time of less than 1.5 seconds, placing its performance at a globally leading level. MOVA previously completed a $100 million strategic financing round, led by the Aqua1 Foundation and UAE-based GeoNova Capital (a fund established by Standard Chartered Bank, multiple UAE institutions, and family offices), with participation from several top Abu Dhabi financial institutions.
Officials state that MOVA will use MOVA Liquid as the core application to build a global modular financial network covering payments, clearing, derivatives, RWAs, and stablecoin settlements, aiming to become a crucial infrastructure linking traditional finance with the decentralized economy.
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