MVL Mainnet: Unlocking the Full Potential of Mobility Data
Last updated
Last updated
We recently launched MVL mainnet powered by @base, unlocking a new phase of our journey to bring the real-world mobility industry fully onchain. By integrating our operational mobility services, ride-hailing and vehicle RWA financing, directly with MVL mainnet, we are aiming to capture the untapped potential of mobility data and infrastructure. This strategic move allows us to create a transparent, efficient, and scalable mobility ecosystem that bridges onchain and offchain operations.
MVL was founded with a vision to power all of the world’s movements through blockchain. We believed that if every movement—of people, goods, and vehicles—could be recorded and shared on an open ledger, the result would be a more efficient, energy-saving, and demand-generating mobility system.
However, this idea runs into a classic dilemma: while the total value of shared mobility data could benefit society as a whole, mobility service providers often prefer to protect their private interest by withholding data. In response to this, we made a bold decision—to operate mobility services ourselves.
We chose ride-hailing as our first vertical. Ride-hailing generates significantly more data per vehicle compared to private cars, and presents an opportunity to challenge giant platform monopolies that have alienated both drivers and riders. In 2018, we launched TADA with a zero-commission model in Singapore and have since expanded to five countries, with a U.S. launch scheduled for this July.
Recognizing the broader EV transition in the mobility space, we also began building electric vehicle infrastructure in Southeast Asia. Today, we supply EV tuk-tuks and battery swap stations in Cambodia, creating synergies with our ride-hailing operations. To connect strong local financing demand for EVs with global liquidity, we launched Musubi, our RWA (Real World Asset) financing platform.
Our ride-hailing fleet and EV sensors generate massive real-time data. While we’ve stored portions of this data in decentralized networks like IoTeX, bringing all of it onchain was technically and financially infeasible. The true potential of a blockchain-powered mobility network remained out of reach—until we discovered a viable solution with the Base Appchains.
On April 9, we officially launched the MVL mainnet powered by Base Appchains infrastructure. This was a transformative moment for us, as Base Appchains solves one of our most persistent challenges: the need for scalable, low-cost, real-time data infrastructure.
Unlike general-purpose blockchains, the Base Appchains architecture enables us to tailor the network specifically to our needs—low-latency, high-frequency data ingestion from vehicles and ride activity across the MVL ecosystem. It combines Ethereum’s security with modular scalability, allowing us to build a chain optimized for mobility use cases.
The primary current use case of the MVL mainnet is real-time uploading and validation of data from our operational mobility network. This includes two major categories:
In RWA (Real World Asset) financing, the most critical requirement is to verify that the tokenized asset truly exists, that its activity can be tracked, and that its onchain representation remains reliably pegged to reality. This becomes particularly complex when the underlying asset is a vehicle running on the road.
MVL mainnet addresses this complexity by enabling verifiable, real-time tracking of vehicles—recording data like location, distance traveled, and battery health directly onchain. This provides an auditable foundation for Musubi, our RWA financing platform, increasing asset traceability and investor confidence.
The global vehicle financing market is valued at over $300B annually—yet crypto has largely overlooked this domain. MVL mainnet will unlock the potential to bridge this enormous traditional market with crypto liquidity, enabling a new frontier for decentralized capital allocation into real-world mobility assets.
In rideshare platforms, the supply side—drivers—is the backbone of the ecosystem. Many drivers have voiced dissatisfaction with opaque fare distribution and platform commissions. TADA’s zero-commission model resonated across various markets precisely because of this demand for transparency.
MVL mainnet brings cryptographic transparency to trip-level economics, recording both passenger fares and driver earnings in a privacy-preserving yet verifiable manner. This provides a clear, auditable breakdown of how value flows between riders, drivers, and platforms—without compromising user privacy.
The result is a significant competitive advantage: platforms built on MVL mainnet can guarantee earnings transparency and fair pricing, addressing one of the most persistent frictions in ride-hailing.
With the mainnet activation, there will be a fundamental shift in the utility of the $MVL token—evolving into the economic engine that drives real-world mobility infrastructure.
For the first time, MVL functions as the native gas token of the mainnet. This means users no longer need to hold ETH to interact with the network. Transactions such as data uploads, token transfers, and smart contract executions on mainnet can all be powered by MVL. This significantly lowers the barrier to entry for ecosystem participants.
In particular, real-time data uploads from vehicles and rideshare operations will require MVL for gas fees. As the volume of mobility data recorded on-chain grows, so does the demand for MVL. This gives the token recurring utility directly tied to the scale and activity of the mobility ecosystem.
Beyond gas fees, MVL will also unlock new DeFi opportunities. We are preparing to launch DeFi products collateralizing MVL, allowing users to deposit crypto and gain exposure to vehicle financing via our Musubi RWA platform.
Unlike NFT-based ownership models, our approach allows depositors to indirectly finance real-world vehicles in emerging markets—earning yield while contributing to EV adoption and infrastructure growth. As Musubi scales, the utility of MVL as a gateway into RWA-backed financial products will grow in parallel.
We are currently building a real-time dashboard that visualizes live data from our mobility network. This includes both vehicle tracking data for RWA token and trip-level pricing data from our ride-hailing service. Whether you’re a Musubi investor, a TADA driver, or a curious participant in the mobility economy, you’ll be able to verify on-chain activity with full transparency and confidence. This dashboard will serve as a public window into the real-world movement of tokenized vehicles and the fare distribution dynamics within our rideshare network.
