Difference between revisions of "Moonbeam (GLMR) & Moonriver (MOVR)"

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[[Ethereum Virtual Machine (EVM)|EVM]] compatible Parachain on [[Polkadot (DOT)|Polkadot]]
==Basics ==
==Basics ==
* Announced on:
* Announced on:
*Testnet release: [https://www.coindesk.com/purestake-6m-binance-labs-parafi-coinbase-ventures 9-2020]
*[[Testnet]] release: [https://www.coindesk.com/purestake-6m-binance-labs-parafi-coinbase-ventures 9-2020]
*[[Mainnet]] release: '<nowiki/>''will launch the Moonbeam network later this year''' ([https://www.coindesk.com/purestake-6m-binance-labs-parafi-coinbase-ventures 30-3-2021]). Went [https://twitter.com/MoonbeamNetwork/status/1480888163245641730?s=20 live] 11-1-2022.
*[[Mainnet]] release: '<nowiki/>''will launch the [[Moonbeam]] network later this year''' ([https://www.coindesk.com/purestake-6m-binance-labs-parafi-coinbase-ventures 30-3-2021]). Went [https://twitter.com/MoonbeamNetwork/status/1480888163245641730?s=20 live] 11-1-2022.
* Based in:
* Based in:


* [https://thedefiant.substack.com/p/third-times-the-charm-first-came?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjo0MTIwNjQsIl8iOiJtSlA2dyIsImlhdCI6MTU4ODIzNTE5NSwiZXhwIjoxNTg4MjM4Nzk1LCJpc3MiOiJwdWItMTEyNTkiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.FbfDiyEeYHL9xtQ2zJ_obOB83-E6__V0stuTFRRfH60 From] [[The Defiant]] (28-4-2020):
* [https://thedefiant.substack.com/p/third-times-the-charm-first-came?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjo0MTIwNjQsIl8iOiJtSlA2dyIsImlhdCI6MTU4ODIzNTE5NSwiZXhwIjoxNTg4MjM4Nzk1LCJpc3MiOiJwdWItMTEyNTkiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.FbfDiyEeYHL9xtQ2zJ_obOB83-E6__V0stuTFRRfH60 From] [[The Defiant]] (28-4-2020):
''"Blockchain infrastructure company [[PureStake]] said its building [https://moonbeam.network/ Moonbeam], a [[smart contract]] platform which will be compatible with the [[Ethereum]] [[blockchain]]. Moonbeam would allow developers to transfer existing Ethereum [[dapps]] and create new dapps using Ethereum development tools like [[Truffle]] and [[MetaMask]].''
''"Blockchain infrastructure company [[PureStake]] said its building [https://moonbeam.network/ Moonbeam], a [[smart contract]] platform which will be compatible with the [[Ethereum]] [[blockchain]]. Moonbeam would allow developers to transfer existing Ethereum [[dapps]] and create new [[DApps|dapps]] using Ethereum development tools like [[Truffle]] and [[MetaMask]].''


''“Getting traction for a new developer platform is a numbers game,” wrote PureStake founder and CEO Derek Yoo “By providing Ethereum compatibility, we give ourselves access to the largest market of existing blockchain developers.”''
''“Getting traction for a new developer platform is a numbers game,” wrote PureStake founder and CEO Derek Yoo “By providing Ethereum compatibility, we give ourselves access to the largest market of existing blockchain developers.”''


''Moonbeam is based on Parity Technologies Substrate blockchain development framework, and would be a parachain —similar to a [[Sharding|shard]]— within the Polkadot network. The platform will be released together with the Polkadot network launch."''
''Moonbeam is based on [[Parity]] Technologies [[Substrate]] blockchain development [[framework]], and would be a parachain —similar to a [[Sharding|shard]]— within the [[PolkaDot|Polkadot]] network. The platform will be released together with the Polkadot network launch."''
* Is [https://moonbeam.network/faq/ still] not live on [[mainnet]] (12-10-2020). ''"We are currently targeting Q2 2021 for a Moonbeam launch on Polkadot. We will be launching to Kusama later this year, in Q4 2020."''
* Is [https://moonbeam.network/faq/ still] not live on [[mainnet]] (12-10-2020). ''"We are currently targeting Q2 2021 for a Moonbeam launch on Polkadot. We will be launching to [[Kusama]] later this year, in Q4 2020."''
== History ==
== History ==
== Audits & Exploits ==
== Audits & Exploits ==
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=== Bugs/Exploits ===
=== Bugs/Exploits ===
* [https://newsletter.blockthreat.io/p/blockthreat-week-30-2022?utm_source=substack&utm_medium=email From] Blockthreat (4-8-2022):
''"Moonbeam patched a critical funds theft [https://medium.com/immunefi/moonbeam-missing-call-check-bugfix-review-6279d609bdc5 vulnerability] thanks to a responsible disclosure by pwning.eth."''
== Token ==
== Token ==
=== Launch ===
=== Launch ===
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=== Utility ===
=== Utility ===
=== Token Details ===
=== Token Details ===
=== Stablecoin ===
== Technology ==
== Technology ==
* [[Whitepaper]] can be found [insert here].
* [[Whitepaper]] can be found [insert here].
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=== How it works ===
=== How it works ===
=== Staking ===
=== Staking ===
==== Staking stats ====
* During the period of [https://messari.io/report/moonbeam-q3-2023-brief Q3 2022 - Q3 2023] staking % went up from 16.5% to 36.4%.
=== Liquidity Mining ===
=== Liquidity Mining ===
=== Scaling ===
=== Scaling ===
=== Interoperability ===
=== Interoperability ===


* From a commissioned Messari report (13-10-2023):
''"Moonbeam ranks high in XCM activity among parachains. The Moonbeam-[[Acala (ACA)|Acala]] channel stands out as the most utilized XCM channel. In the third quarter, Moonbeam unveiled new XCM integrations with [[Centrifuge (CFG)|Centrifuge]], Nodle, and [[Origin Trail]].''
''In Q3, Moonbeam introduced Moonbeam Routed Liquidity (MRL). This allows parachains to tap into bridge liquidity from ecosystems, including [[Ethereum (ETH)|Ethereum]], [[Solana (SOL)|Solana]], [[Polygon (MATIC)|Polygon]], and [[Avalanche (AVAX)|Avalanche]], without the need for a Moonbeam account or its direct involvement. HydraDX was the inaugural parachain to utilize MRL, facilitating the cross-chain transfer of [[Wormhole]]-based tokens and streamlining liquidity movements from Ethereum to HydraDX through Moonbeam. To date, Ethereum has routed $6.1 million in liquidity to HydraDX via MRL. Additionally, the [[Interlay]] parachain has integrated Moonbeam Routed Liquidity."''
* [https://www.coindesk.com/purestake-6m-binance-labs-parafi-coinbase-ventures From] [[CoinDesk]] (30-3-2021):
* [https://www.coindesk.com/purestake-6m-binance-labs-parafi-coinbase-ventures From] [[CoinDesk]] (30-3-2021):


''"Applications that are built on [[Ethereum]] can be deployed in parallel onto Moonbeam without having to reconfigure their code."''
''"Applications that are built on [[Ethereum]] can be deployed in parallel onto Moonbeam without having to reconfigure their code."''


* [[ChainSafe Systems|ChainSafe]] [https://moonbeam.network/announcements/chainbridge-testnet-integration-first-ethereum-bridge/ builds] the bridge (27-1-2021):
* [[ChainSafe Systems|ChainSafe]] [https://moonbeam.network/announcements/chainbridge-testnet-integration-first-ethereum-bridge/ builds] the [[bridge]] (27-1-2021):


''"ChainBridge is the a bridge between Ethereum and the Moonbeam parachain on Polkadot that will allow asset transfers between the two independent chains."''
''"ChainBridge is the a bridge between Ethereum and the Moonbeam parachain on Polkadot that will allow asset transfers between the two independent chains."''
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=== Treasury ===
=== Treasury ===
== Roadmap ==
== Roadmap ==
* Can be found [Insert link here].
* Can be found [Insert [[LINK|link]] here].
 
== Revenue ==
 
* [https://messari.io/report/moonbeam-q1-2024-brief Revenue] in Q1 2024 hit $213K (16-4-2024). But [https://messari.io/report/moonbeam-q2-2024-brief went down] to $95k the next quarter again.
*During the period of [https://messari.io/report/moonbeam-q3-2023-brief Q3 2022 - Q3 2023], its revenue went between $56.5k per month up to $160.2K:
 
''"During the second quarter, Moonbeam experienced a revenue surge due to runtime 2302 and a [[XenCoin (XNC)|Xen]] Crypto deployment. However, in the third quarter, there was a marked 46% QoQ decrease in revenue, dropping from $160K to $87K. This placed the third quarter's revenue in alignment with Moonbeam's historical averages."''


== Usage ==
== Usage ==
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* [https://twitter.com/MoonbeamNetwork/status/1458280305278791686 From] [[Twitter]] (10-11-2021) after it did 5m [[Transaction (Tx)|tx]]:
* [https://twitter.com/MoonbeamNetwork/status/1458280305278791686 From] [[Twitter]] (10-11-2021) after it did 5m [[Transaction (Tx)|tx]]:


''"Moonriver continues to be the most widely adopted parachain on @KusamaNetwork with 60+ live integrations, 173k+ [[Wallet|wallets]], 2k+ [[ERC20 tokens|ERC-20]] tokens."''
''"[[Moonriver]] continues to be the most widely adopted parachain on @KusamaNetwork with 60+ live integrations, 173k+ [[Wallet|wallets]], 2k+ [[ERC20 tokens|ERC-20]] [[tokens]]."''


=== Projects that use or built on it ===
=== Projects that use or built on it ===
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*[[Alliance Block]]; ([https://moonbeam.network/ 5-4-2021])
*[[Alliance Block]]; ([https://moonbeam.network/ 5-4-2021])
*[[AMPnet]]; ([https://ampnet.medium.com/ampnet-is-using-blockchain-tokenization-to-empower-disenfranchised-businesses-community-22f3e77a9cd 15-12-2020]).
*[[AMPnet]]; ([https://ampnet.medium.com/ampnet-is-using-blockchain-tokenization-to-empower-disenfranchised-businesses-community-22f3e77a9cd 15-12-2020]).
*[[Balancer (BAL)|Balancer]]; Moonbeam is [https://moonbeam.network/blog/balancers-programmable-liquidity-moonbeam/ going after] a Balancer grant to port it over (3-3-2021).
*[[Balancer (BAL)|Balancer]]; Moonbeam is [https://moonbeam.network/blog/balancers-programmable-liquidity-moonbeam/ going after] a [[Balancer]] grant to port it over (3-3-2021).
*Betprotocol; ([https://moonbeam.network/ 5-4-2021])
*Betprotocol; ([https://moonbeam.network/ 5-4-2021])
*[[ChainSafe Systems|ChainSafe]]; ([https://moonbeam.network/ 5-4-2021])
*[[ChainSafe Systems|ChainSafe]]; ([https://moonbeam.network/ 5-4-2021])
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*[[Poolz]]; ([https://moonbeam.network/ 5-4-2021])
*[[Poolz]]; ([https://moonbeam.network/ 5-4-2021])
*[[SushiSwap]]; deployed its [[contracts]] on it as part of adding support for [https://twitter.com/josephdelong/status/1367226781393166336 5 new chains] (4-3-2021).
*[[SushiSwap]]; deployed its [[contracts]] on it as part of adding support for [https://twitter.com/josephdelong/status/1367226781393166336 5 new chains] (4-3-2021).
*[[Uniswap (UNI)|Uniswap]] (Q3 2023)


== Competition ==
== Competition ==
Line 102: Line 126:
* Full team can be found [here].
* Full team can be found [here].
*PureStake, a company that builds blockchain infrastructure for [[Proof-of-Stake (PoS)|proof-of-stake]] networks.
*PureStake, a company that builds blockchain infrastructure for [[Proof-of-Stake (PoS)|proof-of-stake]] networks.
*Over 200 [https://messari.io/report/moonbeam-q3-2023-brief registered developers] in Q3’23.


=== Funding ===
=== Funding ===


* [[Covalent (CQT)|Covalent]]; the firm was part of a [https://www.coindesk.com/decentralized-data-project-covalent-raises-another-2m $2M round] for Covalent (26-3-2021).
* [[Covalent (CQT)|Covalent]]; the firm was part of a [https://www.coindesk.com/decentralized-data-project-covalent-raises-another-2m $2M round] for [[Covalent]] (26-3-2021).
*[https://www.coindesk.com/purestake-6m-binance-labs-parafi-coinbase-ventures From] [[CoinDesk]] (30-3-2021):
*[https://www.coindesk.com/purestake-6m-binance-labs-parafi-coinbase-ventures From] [[CoinDesk]] (30-3-2021):


Line 111: Line 136:


=== Partners ===
=== Partners ===
* Launched a $13M funding initiative for projects on its parachain (14-6-2024)
*[[Acala (ACA)|Acala's]] [https://medium.com/acalanetwork/polkadot-parachains-and-venture-funds-team-up-to-launch-250-million-ausd-ecosystem-fund-to-grow-1592f925799a aUSD Ecosystem Fund]; one of the founding parachains to grow the [[Acala]] [[Stablecoins|stablecoin]] (23-3-2022)
*[https://medium.com/acalanetwork/on-chain-polkadot-alliance-formed-to-recognize-ecosystem-contributors-and-establish-community-480d83eab136 Founding member] of the Polkadot Alliance (29-11-2022), which, interestingly enough, does not include Polkadot itself.
== (:==
== (:==
Knowledge empowers all and will help us get closer to the [[decentralised|decentralized]] world we all want to live in!
Knowledge empowers all and will help us get closer to the [[decentralised|decentralized]] world we all want to live in!

Latest revision as of 06:21, 21 July 2024

EVM compatible Parachain on Polkadot

Basics

"Blockchain infrastructure company PureStake said its building Moonbeam, a smart contract platform which will be compatible with the Ethereum blockchain. Moonbeam would allow developers to transfer existing Ethereum dapps and create new dapps using Ethereum development tools like Truffle and MetaMask.

“Getting traction for a new developer platform is a numbers game,” wrote PureStake founder and CEO Derek Yoo “By providing Ethereum compatibility, we give ourselves access to the largest market of existing blockchain developers.”

Moonbeam is based on Parity Technologies Substrate blockchain development framework, and would be a parachain —similar to a shard— within the Polkadot network. The platform will be released together with the Polkadot network launch."

  • Is still not live on mainnet (12-10-2020). "We are currently targeting Q2 2021 for a Moonbeam launch on Polkadot. We will be launching to Kusama later this year, in Q4 2020."

History

Audits & Exploits

Bugs/Exploits

  • From Blockthreat (4-8-2022):

"Moonbeam patched a critical funds theft vulnerability thanks to a responsible disclosure by pwning.eth."

Token

Launch

Token allocation

Utility

Token Details

Technology

Implementations

Transaction Details

How it works

Staking

Staking stats

Liquidity Mining

Scaling

Interoperability

  • From a commissioned Messari report (13-10-2023):

"Moonbeam ranks high in XCM activity among parachains. The Moonbeam-Acala channel stands out as the most utilized XCM channel. In the third quarter, Moonbeam unveiled new XCM integrations with Centrifuge, Nodle, and Origin Trail.

In Q3, Moonbeam introduced Moonbeam Routed Liquidity (MRL). This allows parachains to tap into bridge liquidity from ecosystems, including Ethereum, Solana, Polygon, and Avalanche, without the need for a Moonbeam account or its direct involvement. HydraDX was the inaugural parachain to utilize MRL, facilitating the cross-chain transfer of Wormhole-based tokens and streamlining liquidity movements from Ethereum to HydraDX through Moonbeam. To date, Ethereum has routed $6.1 million in liquidity to HydraDX via MRL. Additionally, the Interlay parachain has integrated Moonbeam Routed Liquidity."

"Applications that are built on Ethereum can be deployed in parallel onto Moonbeam without having to reconfigure their code."

"ChainBridge is the a bridge between Ethereum and the Moonbeam parachain on Polkadot that will allow asset transfers between the two independent chains."

Other Details

Privacy Method

Compliance

Oracle Method

Their Other Projects

Governance

Admin Keys

DAO

Treasury

Roadmap

  • Can be found [Insert link here].

Revenue

  • Revenue in Q1 2024 hit $213K (16-4-2024). But went down to $95k the next quarter again.
  • During the period of Q3 2022 - Q3 2023, its revenue went between $56.5k per month up to $160.2K:

"During the second quarter, Moonbeam experienced a revenue surge due to runtime 2302 and a Xen Crypto deployment. However, in the third quarter, there was a marked 46% QoQ decrease in revenue, dropping from $160K to $87K. This placed the third quarter's revenue in alignment with Moonbeam's historical averages."

Usage

"Moonriver continues to be the most widely adopted parachain on @KusamaNetwork with 60+ live integrations, 173k+ wallets, 2k+ ERC-20 tokens."

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding, Partners

Team

Funding

"Raised $6 million in a funding round led by investment firm CoinFund, and supported by Binance Labs. Coinbase Venture, ParaFi, Fenbushi Capital, IOSG Ventures, Divergence Ventures, Signum Capital and others also participated in the round."

Partners 

  • Launched a $13M funding initiative for projects on its parachain (14-6-2024)
  • Acala's aUSD Ecosystem Fund; one of the founding parachains to grow the Acala stablecoin (23-3-2022)
  • Founding member of the Polkadot Alliance (29-11-2022), which, interestingly enough, does not include Polkadot itself.

(:

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