|All Time High:|
|Market Cap: |
|The price of #MOVR today is $10.80 USD.|
The lowest MOVR price for this period was $0, the highest was $10.80, and the current live price for one MOVR coin is $10.80341.
The all-time high MOVR coin price was $499.
Use our custom price calculator to see the hypothetical price of MOVR with market cap of BTC or other crypto coins.
|The code for Moonriver is #MOVR. |
Moonriver is 1.1 years old.
|The current market capitalization for Moonriver is $57,762,789.|
Moonriver is ranking downwards to #277 out of all coins, by market cap (and other factors).
|There is a big daily trading volume on #MOVR.|
Today's 24-hour trading volume across all exchanges for Moonriver is $2,045,993.
|The circulating supply of MOVR is 5,346,718 coins, which is 51% of the total coin supply.|
A highlight of Moonriver is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market.
|MOVR is the native coin for the Moonriver blockchain.|
View the full list of Moonriver blockchain tokens, and has digital contracts with 1 other blockchain.
See list of the MOVR Blockchain contracts with 2 different blockchains.
New Moonbeam XCM Integration with Astar Now Live
Singapore — September 8, 2022 — Moonbeam, the top destination for cross-chain connected applications, has announced an integration with Astar, the Future of Smart Contracts for Multichain, allowing two of the most popular networks on Polkadot to communicate and interoperate. Astar’s token ASTR can now be deposited on Moonbeam as xcASTR and used across the Moonbeam DApp ecosystem. This most recent integration brings together Moonbeam and the Astar WASM platform, joining two of the most active parachains in Dotsama to pave the way for the development of interoperable applications in the Polkadot ecosystem. Astar and its Kusama sister parachain Shiden are developer-focused chains with programs aimed at accelerating growth on Polkadot and Kusama networks through the offerings of Astar SpaceLabs, a program to scale DApps through marketing, technical support, and Astar’s innovative #Build2Earn initiative. Now that XC-20 assets can be used across both networks, Moonbeam developers are able to build out their projects, and easily integrate with Astar’s ecosystem and WASM smart contract technology. Moonbeam is a smart contract platform optimized for cross-chain connected applications. The Moonbeam development platform makes it possible to build applications that unite functionality from Ethereum, Cosmos, Polkadot and more — simplifying the experience for users who want to interact with services and assets that a...
Moonbeam Expands Cross-Chain Capabilities with LayerZero
Boston, MA — August 29, 2022 — Moonbeam, the top destination for cross-chain connected applications, has extended its interoperability capabilities through the addition of LayerZero. With LayerZero, developers building connected contracts have an even wider array of secure messaging features at their disposal, making it easier to design applications that can tap into functionality across many remote blockchains. Developers on Moonbeam can use LayerZero’s messaging standard — in addition to Axelar, Polkadot’s XCM, and other protocols — to build the next generation of applications without the constraints of solo chain development, capable of resolving today’s fragmented user experience, liquidity, and data. LayerZero emerged late last year as a major omnichain interoperability protocol with support from Silicon Valley firms like Andreessen Horowitz and Sequoia Capital. Designed for lightweight message passing across chains, LayerZero aims to provide authentic and guaranteed message delivery with configurable trustlessness via a low-level communication primitive, upon which a diverse set of cross-chain applications can be built. Using this primitive, developers can implement inter-chain applications like a cross-chain DEX or multi-chain yield aggregator without having to rely on a trusted custodian or intermediate transactions. LayerZero currently supports cross-chain messaging between Ethereum, BNB...
Phala Integrates with Moonbeam, Bringing PHA to the Network
Boston, MA — August 25, 2022 — Moonbeam, the top destination for multi-chain applications on Polkadot, has announced a cross-chain integration with the Phala Network, making the PHA token available for use on Moonbeam. Once PHA is deposited on Moonbeam as xcPHA — the XC-20 representation of the PHA token — it can be used across Moonbeam’s active ecosystem of DApps. The GLMR token can also now be used in SubBridge, a cross-chain router built on Phala, joining eight other assets already available. The Phala integration is an example of the interoperability that’s possible in the Polkadot ecosystem through XCM (cross-consensus messaging), which is the native messaging capability built into Polkadot. As a Polkadot parachain, Moonbeam is able to provide these secure messaging capabilities to DApp developers who want to design rich interactions with other parachains. Moonbeam also supports secure message passing with external blockchains like Ethereum and Cosmos, allowing developers to build cross-chain connected contracts that tap into functionality and resources from many blockchains, within and outside of the Polkadot ecosystem. Phala marks the fifth XCM integration on Polkadot, connecting the parachains in the ecosystem and making it easy for DApps built on top of them to interact. XCM integrations are a first step toward building new kinds of applications and use cases in Dotsama and beyond. The grow...
Moonriver Has Integrated With Litmus
Boston, MA — August 9, 2022 — Moonbeam, the top destination for cross-chain connected applications, has announced Moonriver’s integration with Litmus, Litentry’s sister network on Kusama. Litmus’ token LIT can be deposited on Moonriver and used as xcLIT. This integration brings another XC-20 token to the Moonriver DeFi ecosystem and with it, future cases for Litmus’ decentralized identity aggregation service through XCM, Kusama’s native cross-chain capabilities. Litmus is a decentralized identity aggregator that aims to revolutionize how people interact with data by enabling the linking of user identities across multiple networks. This provides a secure vehicle through which users manage their identities and DApps obtain real-time DID data of an identity owner across different blockchains. Litmus’ infrastructure and tools make it easy for anyone to create, publish, and share a point of view based on real data, helping to close the skill gap between professional users and common participants who struggle to make use of DID as it’s available today. Litentry and Litmus aim to provide liquidity, interoperability, and consistency to the process of querying data across blockchains. The protocol has broad potential uses across DeFi, on-chain governance, and customized data services which will be rolled out to Moonriver as XCM continues to develop and mature. Moonriver launched on Kusama one year ago, and si...
Moonriver XCM Integration with Shiden Now Live
Boston, MA — August 5, 2022 — Moonbeam, the top destination for cross-chain connected applications, has announced Moonriver’s integration with Shiden via XCM, Polkadot’s native cross-chain messaging technology. Shiden’s token SDN can be deposited on Moonriver, which is the most active parachain on Kusama and has the highest volume of cross-chain token transactions. This integration brings together Moonriver and the Shiden WASM platform, joining two of the most active developer ecosystems in Dotsama to pave the way for the development of interoperable applications within Kusama. Shiden and its Polkadot sister parachain Astar are developer-focused chains with programs aimed at accelerating growth on Polkadot and Kusama networks through the offerings of Astar SpaceLabs, a program to scale your dApp through marketing, technical support, and Astar’s innovative #Build2Earn initiative. Moonriver and Moonbeam are cross-chain smart contract platforms with a focus on interoperability and connectivity. Moonriver is able to bring new users into the Dotsama ecosystem by continuously improving the user experience through hiding infrastructural complexity away from the user. Other parachains connecting to Moonriver, such as Shiden, can benefit from access to these additional users and functionality. Both chains will leverage a shared space within Kusama, and other connected ecosystems soon. Builders who are interested in...
How to Participate in Moonbeam Governance with Polkassembly
Polkassembly is an open-source platform for anyone to discover and participate in Moonbeam’s on-chain governance. You can open/interact with discussion posts to engage with other community members around different topics. You can also browse on-chain proposals, referendums and treasury requests (amongst others), discuss them with the community, and vote directly from the website. You can also check council members and motions, technical committee proposals, and more through a user-friendly interface. If you want to participate in on-chain governance, such as commenting on discussions, voting on a proposal, or seconding a proposal, signing up for an account is required. Refer to the documentation website for an overview of Moonbeam’s governance features. In this tutorial, we’ll go through the steps of voting on Polkassembly with MetaMask from start to finish. You’ll learn how to sign up for Polkassembly, how to vote on active referenda, and how to free up any funds locked in democracy. In this particular example, we’ll be interacting with Polkassembly on Moonbeam, but the process is exactly the same for Moonriver. For a detailed video tutorial on interacting with Polkassembly, check out How to Participate in Moonbeam Governance with Polkassembly. On the homepage of Polkassembly on Moonbeam, you’ll see the latest referenda currently open for voting, in addition to any proposals. Proposals are eligible (but not guaran...
Moonriver One Year Later
It’s been a year since Moonriver fully launched, which is when DApps could begin launching on the EVM (Ethereum Virtual Machine) and balance transfers were enabled. In that time, the network, and the Kusama ecosystem in general, have come a long way. Let’s take a look back at some of the achievements, milestones, and adventures along the way. — About Moonriver - Moonriver is a smart contract platform on Kusama and serves as a companion network to Moonbeam. Unlike a TestNet, Moonriver’s original purpose was as a canary network: a long-lived experimentation environment with real-world value. It serves a similar purpose to historical canaries in coal mines by flagging any potential issues before the same codebase was deployed to Moonbeam. While TestNets often have incentive mechanisms added on top, CanaryNets have built-in value and incentives to help identify potential issues. Moonriver was always intended to become a layer one blockchain in its own right, growing and changing with community demand. Since launch, it’s become home to nearly 200 projects and seen more than 20 million transactions processed on the network. Moonriver paved the way to launch in mid-2021 after securing a Kusama parachain slot with 205,935 crowdloaned KSM. The network started producing blocks on June 29, 2021. Contributors around the world joined the Moonriver community to launch the smart contract platform, bringing unmatched Ethereum ...
Moonbeam Monthly Dispatch: July 2022
It’s the summer of connected applications! July has been a whirlwind of new initiatives. Including impactful integrations like Axelar and Osmosis, more connected contracts, a new campaign, and so much more! — Connected Contracts - The next generation of Web3 applications are currently being built on Moonbeam as connected smart contracts. Connected contracts create a superior experience by allowing users to tap into assets and functionality from multiple blockchains within a single cross-chain connected DApp, without having to bridge assets over. By unifying access to assets, data, and other functionalities, Moonbeam is removing the constraints of isolated applications and making it easy to tap into functionality across Ethereum, Polkadot, Cosmos, Avalanche, and beyond. Learn more about what connected contracts are, and who’s already building them. — Whats New with Moonbeam & Moonriver - Arrington Capital has granted the Moonbeam Foundation a $100 million ecosystem fund to support new projects looking to develop and scale multi-chain applications. ZKValidator, a mission-driven validator, has a new event series: Privacy on Moonbeam. The series will focus on best practices for developers and new privacy tools during an online workshop and in-person hackshop where teams can submit their tools. — Ecosystem Spotlight - The Moonbeam and Moonriver ecosystem continues to grow with over 259+ live integration...
New Cross-Chain XCM-to-EVM Functionality on Moonbase Alpha
Runtime 1701 Includes New Connected Contract Functionality to Enable Other Parachains to Interact with the Moonbeam EVM, Now in Testing. — Boston, MA — August 4, 2022 — Moonbeam, the top destination for cross-chain connected applications, has introduced new functionality that pushes cross-chain connectivity within Polkadot to the next level. The latest upgrade, runtime 1701, includes the first proof-of-concept for EVM access through XCM on its Moonbase Alpha TestNet, with plans to bring this technology to Moonriver and Moonbeam in the near future. This upgrade also brings the capability for token holders to vote in governance with assets locked in non-custodial staking, as well as an identity registrar for on-chain identity verification; these features are now live on Moonriver and Moonbeam. XCM (Polkadot’s cross-consensus messaging format) continues to mature and connected smart contracts are actively being deployed to Moonbeam, which allows those applications to tap into Polkadot as well as remote blockchains. These advancements and expanding capabilities of cross-chain messaging open new doors for innovation, including the new XCM to EVM Call. While this use case is currently available for testing on Moonbase Alpha, it foreshadows the future of interoperability and the role Moonbeam will play in allowing developers to build applications that interact with many chains at once. The XCM to EVM feature all...
Interlay Brings interBTC and INTR Tokens to the Network
Boston, MA — August 4, 2022 — Moonbeam, the top destination for cross-chain connected applications, has announced an integration with the Interlay parachain on Polkadot. Interlay’s flagship product is interBTC, a 1:1 Bitcoin-backed asset for all blockchains. This integration, powered by Polkadot’s native cross-chain messaging capabilities, will enable interBTC holders to use their tokens alongside INTR in Moonbeam DeFi projects like StellaSwap or other applications like lending and borrowing. Interlay is a decentralized network dedicated to connecting Bitcoin with DeFi platforms like Polkadot and Ethereum. interBTC is secured by a decentralized network of Vaults, a MakerDAO-like multi-collateral system that offers “trustless Bitcoin for Defi”. Interlay’s interBTC will be supported on Moonbeam as xciBTC, which will be available in addition to xcINTR. Both of these tokens are XC-20s, which conform to the ERC-20 standard but have additional cross-chain capabilities. This format enables Substrate-based tokens from across the Polkadot ecosystem to easily be moved and used within Moonbeam’s Ethereum-style platform. Similarly, XC-20 tokens minted on Moonbeam can be used across the broader Polkadot ecosystem and moved to other networks, like Interlay. Learn how to add INTR and interBTC to MetaMask on Moonbeam. Moonbeam has seen increasing interest in the creation of cross-chain connected applications, which ca...
More Moonriver (#MOVR) News
|Will Polkadot Network Progress Give An Ailing DOT Renewed Vigor?
Polkadot has proven successful in a number of areas recently. Data from Santiment shows that there has been a dramatic increase in development on Polkadot.
But does this mean a brighter future for Polkadot? Data shows that the highest amount of transfers occurred on September 16.
In addition, there's even better news. Parallel chaining is likewise very active. The volume of transactions using these secondary chains on the Polkadot main chain is an indicator of this action.
The GLMR token from Moonbeam and the MOVR token from Moonrivers are two of the most well-known.
Polkadot Investors Up In Numbers
Investments on Polkadot are also at an all-time high, with DFG coming in first place with 52 active projects.
While these claims certainly sound promising, how will they impact DOT's market presence? The coin's performance on the market has improved, thanks to recent changes.
Investor confidence in Polkadot's ecosystem and native token DOT can increase if the crypto market recovers with the broader financial markets.
Both the DeFi and the more conventional financial markets are experiencing unfavorable market circumstances that make price changes unlikely. The recent increase in interest rates by 0.75 percent exacerbates the already intense selling pressure.
DOT Challenged By Adverse Market Conditions
Fear caused by recent CPI data is still evident on the charts as bears continue to test the lower part of the Donchian channel. Even though bulls are a...
|Pocket Network Advances Its Multichain Strategy With Latest Milestone
PRESS RELEASE. TAMPA, Fla., June 27, 2022 / - Pocket Network, an infrastructure middleware protocol which facilitates decentralized multichain blockchain access to developer applications in Web3, including Ethereum, Polygon, Gnosis Chain, Avalanche, Solana, Fuse, Fantom and Near, recently marked a significant milestone in its multichain strategy with 50 supported blockchains on its network after integrating Moonbeam and Moonriver blockchains. Pocket has its sight on the century mark – with 100 blockchains supported by the end of 2022.
'As we see developer demand drive more activity and apps to a wider variety of blockchains, interoperability challenges, as well as latency and reliability, from centralized infrastructure providers will continue to grow,' said Michael O'Rourke, Co-founder and CEO of Pocket Network. 'With our multichain strategy, we are positioned to cement Pocket as the true decentralized, full-node RPC protocol in the industry.'
The real breakthrough of a multichain network is in the utility this brings to Web3 developers. This is especially true with the streamlined Pocket Portal that developers can access to deploy apps to any of Pocket's 50 supported blockchains. This interface vastly simplifies developers' abilities to connect with any chain of their choosing and provides a one-stop RPC solution with an instantaneous process to get an endpoint, an analytics dashboard, and app notifications to monitor performance.
Regardless of blockchain, users an...
|OceanONDA V4 Goes Live With NFT Data, Rug Pull Solutions and Better Comm...
[PRESS RELEASE - Please Read Disclaimer]
OceanONDA V4 is deployed on Ethereum Mainnet, Polygon, Binance Smart Chain, Moonriver, and Energy Web Chain.
Singapore, June 9, 2022: Ocean Protocol, the open-source, decentralized data exchange protocol to unlock data for AI, announces the launch of OceanONDA V4. OceanONDA introduces three key new features: data NFTs for more flexible data IP management, one-sided staking to solve rug pulls, and better community monetization.
Bruce Pon, Ocean founder, said:
“The OceanONDA V4 release is the most important milestone to date to fulfill our vision: Ocean Protocol as the orchestration layer for data services and AI, as the general-purpose data sharing and monetization infrastructure that brings data providers and data consumers together.’’
Ocean V4 adds ERC721 data NFTs to add maximize flexibility in data IP management. Data NFTs provide interoperability & composability within the wider NFT, DeFi, and DAO ecosystems and many uses beyond the “base IP” use case, including comments & ratings, verifiable claims, identity credentials, user profile data, and social media posts.
Aiming to Solve Rug Pulls
OceanONDA V4 solves rug pulls through one-sided staking: when OCEAN is staked in a pool, datatokens are minted while keeping price stable; when OCEAN is unstaked, datatokens are burned. This in turn increases staking safety while also eliminating price slippage.
Better Community Monetization
OceanONDA V4 sm...
|Bifrost wins 18th Polkadot 'parachain' slot to bring cross-c...
Bifrost, a cross-chain liquid staking derivative protocol, has just won the 18th Polkadot parachain slot. Now, Bifrost is planning on bridging from Kusama using the Polkadot infrastructure to bring cross-chain liquid staking to over 80% of public PoS chains.
Note, Bifrost won Kusama's fifth parachain slot on July 20, 2021.
Currently, Bifrost has developed a liquidity derivative for staked KSM in order to promote the capital utilization of KSM in various DeFi scenarios as well as empower the security of the relay-chain consensus and promote the activity of KSM staking.
The Bifrost team intends to follow through on providing standardized cross-chain staking liquidity derivatives to Polkadot relay chains, parachains, and heterogeneous chains bridged with Polkadot.
'At Bifrost, we believe that multi-chain integration and cross-chain liquid staking is the push the market needs right now. We are excited to have Polkadot’s and our community’s support and to see more projects such as Moonriver or Astar team up with Bifrost in making liquid staking mainstream. The strength in combating the bear market lies in cross-chain cooperation and the Bifrost-Polkadot integration brings us one step closer to achieving this goal.”
- Lurpis Wang, Co-Founder of Bifrost
When Bifrost’s Polkadot parachain goes live, Bifrost will launch derivatives of Polkadot, Moonriver, Moonbeam, Astar, Acala, and Phala. Through Polkadot’s unique cross-chain interoperability, Bifrost can...
|Lido (LDO) Sheds 58% Of Its All-Time High TVL At $11 Billion
Lido TVL or total value locked, toppled over to new high lows seen in the third week of this month following the bearish movement of the DeFi market.
LDO has shaved off over 58% of its TVL, which registered an all-time high of $20.4 billion on April 6 but dropped down to roughly $8.6 billion on May 22.
Suggested Reading | Ripple (XRP) Plunges To $0.43 With Bears In Full Swing
Lido, a liquidity staking solution, targets orienting people towards staking. It has zero minimum staking requirements which is a great feature, to begin with. The users can freely stake assets in exchange for daily rewards.
A couple of applications and services connected with Lido comprise Anchor Protocol, Curve, MakerDao, 1inch, StakeEther, Ledger, and SushiSwap Onsen.
Lido TVL Down 17%
LDO's TVL has been dramatically slipping due to the overall crypto market crisis going on for several months now. Its TVL on Ethereum was at $10.32 billion on April 6. After reducing investor interest, its TVL decreased 17% or equivalent to $8.47 billion on May 22.
Meanwhile, its TVL on its all-time high on Terra was at roughly $9.66 billion. However, the figures dropped 99% on May 22, or approximately $14,870 in six weeks.
LDO TVL on Solana used to be hovering at $417.17 million, but it went down by nearly 70% or roughly $126.24 million on May 22.
LDO total market cap at $395 million on the daily chart | .com
Lido TVL on Moonriver was at $2.57 million during the height of dApps popularity. However, w...
|Terra Collapse Continues to Plague Defi — Value Locked in Cross-Ch...
Following the aftermath of the Terra blockchain fiasco, decentralized finance (defi) continues to feel the impact of the project's fallout. During the last four days the total value locked (TVL) in defi has dropped 2.61% in value, and cross-chain bridges have lost roughly 20.3% during the last 30 days.Value Locked in Cross Chain Bridge Tech Slips 20% Lower Than Last Month
Over $100 billion in USD value was recently removed from the total value locked (TVL) in defi and TVL statistics continue to slide. Four days ago, the TVL in defi was approximately $112.29 billion and today, the TVL is down 2.61% to $109.35 billion. In addition to the TVL in defi across a dozen blockchains, cross-chain bridge TVLs have slipped a great deal during the past month.
30-day metrics from Dune Analytics indicates that the TVL across cross-chain bridges is down 20.3%. Today, there's $16.49 billion total value locked across 16 different cross-chain bridges. In addition to the cross-chain bridge TVL the number of ethereum bridge unique daily depositors has also dropped.
As of Thursday, May 19, 2022, Polygon has the largest TVL among the 16 cross-chain bridges monitored on Dune Analytics. Polygon has $5.15 billion today. The $5.15 billion on Polygon bridges represents 31.23% of the entire $16.49 billion cross-chain bridge TVL.
Polygon is followed by Avalanche ($3.55B), Arbitrum ($3.2B), Fantom's Anyswap ($1.87B), Near Rainbow ($1.86B), Optimism ($585M), Harmony ($229M), Moonriver ($154M), and Xdai ($12...
|BiFarms Network Announced the Launch of the Decentralized Multichain Yie...
BiFARMS has announced the launch of the all in one decentralized finance yield optimizer platform that’s focused on providing high yields on crypto assets. BiFARMS aims to simplify this process by creating a seamless and streamlined process for users to earn a rewardingly high yet modest APR in the easiest and safest way while ensuring sustainable growth within the BiFARMS platform across multiple farming ecosystems.
According to the research, the Decentralized Finance (DeFi) crypto market cap is estimated at $122.40B, at the time of writing. Statistically, it's crystal clear that the DeFi sector is gaining a lot of traction as it continues to offer decentralized financial services with high yields to crypto investors.
The emergence of DeFi has not only provided crypto enthusiasts with a new way of investing and wealth management but also complete control of their finances thus eliminating intermediaries from the system. With peer-to-peer relationships and self-executing “smart contracts” on the blockchain network, DeFi democratizes finance and replaces traditional centralized institutions like banks, brokerages, and more.
Decentralized Finance leverages decentralized networks to reshape old financial products into trustless and transparent protocols that run without intermediaries. DeFi projects on the blockchain network provide easy and cheaper access to financial services, from banking, loans and mortgages, to asset trading. There are also decentralized y...
|Mangata Finance's Polkadot-based Efficient, MEV-Free DEX Coming Ju...
Mangata Finance, the Polkadot-based DEX, is all set for launch on June 6th.
Recently, it had a successful crowdloan that was closed in just under an hour that secured it a slot on Polkadot’s innovation network Kusama. Over $2 million in value was bonded through the crowdloan, a process of staking Polkadot (DOT) tokens to support a specific project in the Polkadot Slot Auction, in return for which participants receive rewards from the projects.
The project also raised $4.2 million in equity, which came shortly after the launch of its first blockchain on the Kusama network, which raised the Polkadot startup's valuation to $60 million. New investors including Signum Capital, IVC, Figment, ZMT Capital, AngelDAO, and Paribu Ventures joined the returning investors Altonomy, Polychain, and TRGC in this strategic round.
'Altonomy believes in Mangata's efforts around connecting major blockchains, improving security for traders, and helping reduce fees by eliminating gas from the equation, which is why we returned for a second round of funding,' said Altonomy Director Ricky Li.
Olaf Carlson-Wee, the founder and CEO of investment firm Polychain Capital, was actually the first one to fund Mangata's vision of efficient DEXes without MEV.
Leveraging Polkadot Interoperability
The Slovakia-based Mangata is both a blockchain and DEX that will be connected as a parachain in the Polkadot ecosystem. By choosing Polkadot for its multi-purpose DEX, Mangata wants to leverage the key value pro...
|Four reasons to choose Alium.Finance if you are an active user of crypto...
According to the analytical resource Blockchain.com, the number of active crypto wallets in the world has exceeded 81 million. This means that every hundredth inhabitant of the planet already uses digital currencies as an investment or mean of payment. And every year this number is only increasing. At the same time, the crypto business creates new opportunities and conditions for the use of crypto assets among ordinary users, and the popularization of decentralized finance has greatly simplified the use of cryptocurrencies in everyday life. Today, DEX platforms allow not only to exchange one cryptocurrency for another in one click, but also offer new types of earnings: staking, liquidity farming, and many others. Moreover, crypto users can lend to other market participants and receive guaranteed payments for providing liquidity. In this article, we figured out what opportunities the Alium.Finance platform provides to its users and what unique opportunities are available for professionals, novice crypto users, and even businesses.
What is Alium Finance
Alium.Finance is a multi-chain DeFi ecosystem that includes several products, such as a multi-chain exchange that supports the 9 most popular blockchains, multi-chain bridges that help transfer tokens between different blockchains, the Strong Holders Pool, a hybrid liquidity function, and ALM native token. Separately, it is worth mentioning the NFT project and the Play-2-Earn game Cyber.City, which is being developed by Alium.Fi...
|Ambire DeFi wallet integrates Moonbeam as first Parachain supported
Ambire, providers of an integrated wallet offering a single interface to utilize popular DeFi apps, announced today it has added support for the Moonbeam Network. Its users will now be able to use Ambire to send transactions and use native Moonbeam DeFi protocols.
Moonbeam is the Ethereum-compatible parachain of the Polkadot network.
Unlike most other EVM-based networks out there, Moonbeam is not a direct code fork of Ethereum node software. Instead, it is a Substrate chain that emulates Ethereum features and its communication protocol to provide a compatible environment. This means that Moonbeam has additional features such as integrated governance, cross-chain integrations, and staking, which are native to Substrate.
DApp developers can deploy on Moonbeam just as they would on other EVM chains, using the exact same tooling and code. Existing major DeFi protocols on Moonbeam include Sushi and Curve, with a number of Moonbeam-native options as well for swapping and lending.
The Ambire Wallet enables access to DeFi opportunities from a single interface, which provides a useful central dashboard for users' DeFi activity.
This includes the ability to swap tokens or access dapps via WalletConnect, with the platform offering a detailed breakdown of balances and past transactions. Ambire also includes scam-proofing mechanisms, for example by ensuring that users give token approvals to the exact contract they meant to interact with.
'Wallet infrastructure is critical for enabling us...
|Moonbeam Emerges As The Gateway To The Promised “Multichain”...
For years, developers have been trying to determine the best alternative for Ethereum’s increasing network congestion and gas costs. Even though layer-2 scaling solutions involving zkSNARKS and Optimistic Rollups have been introduced to alleviate these challenges, most of these answers aim to improve Ethereum’s scalability.
On the other hand, Moonbeam leverages the interoperability and scalability of Polkadot to offer developers an environment that is fully compatible with Ethereum and its corresponding development tools. The Moonbeam Network serves as a highly-specialized layer-1 blockchain. Accordingly, it isn’t here to compete with Ethereum but will assuredly extend Ethereum’s base functionalities with Polkadot’s built-in features like on-chain governance, cross-chain integrations, and staking.
Since Ethereum already holds the lion’s share of the DeFi ecosystem (and the majority of the dApps are deployed atop it), it is quite certain that even in a multichain future, it will continue to hold a commanding position. In this context, Moonbeam will offer developers the ability to migrate their existing Ethereum-based projects to its network without making any major codebase changes. At the same time, it will extend a project’s reach to other chains (and users) who are already part of the Polkadot network.
As DeFi takes the multichain approach, which is a must for projects to achieve mainstream adoption, multichain infrastructure provid...
|Crypto Startup Swing Secures $6 Million In Strategic Funding Round
Swing, a blockchain startup that enables cross-chain liquidity and liquidity aggregation across blockchains, announced that it has raised USD 6 Million in a strategic funding round from leading investors in the blockchain ecosystem.
Housing several trading, lending, and borrowing protocols, the Ethereum ecosystem dominates the decentralized financial (DeFi) area. This has reverberated across the network, pushing Ethereum to its limits but also speeding up the pace of invention and experimentation. Swing leverages layer 1 and layer 2 solutions like Polygon, Binance Smart Chain, Avalanche, Solana, Arbitrum, and more to get past and challenge Ethereum’s performance restrictions.
The strategic round of funding was led by Republic Capital and also saw participation from blockchain-centric VCs including Avalanche Labs, Bitcoin.com, Skynet EGLD Capital, Celer, Ascensive Assets, Haskey, Morningstar Ventures, Kane & Rao among others. With this round of strategic funding, Swing has achieved a valuation of USD 60 Million, making it one of the most sought-after projects in the DeFi space.
With this successful fundraiser, Swing aims to fastrack its plans to launch APIs to aggregate major liquidity sources and bridges with the aim of enabling cross-chain liquidity and progress closer to its vision of decentralized liquidity across the DeFi multi-chain ecosystem. The funding will be utilized to propel Swing’s development and expansion of teams.
The Future of DeFi: A Big Stride T...
|PureStake CEO Derek Yoo Explains the Technology Behind Moonbeam Network
Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes.
Derek Yoo is the CEO of PureStake, the technology company behind the Moonbeam Network. He recently joined the Bitcoin.com News Podcast to talk about the technology:
Derek Yoo is a serial Web2 technology entrepreneur who has spent the past 20 years building successful software and cloud companies. Prior to creating Moonbeam, Derek was the co-founder and CTO of Fuze, where he led the product and engineering teams in the creation of a global Unified Communications-as-a-Service cloud platform with points of presence all around the world, a low latency global network, and a suite of end user web, desktop, and mobile communications applications. During his time at Fuze, the company grew to 700 employees and a $150M run rate.
Like Moonriver, its sister parachain on Kusama, Moonbeam is expected to accumulate developer and user activity from the 80+ projects building DApps and protocols on the network. As a parachain on the Polkadot network, Moonbeam benefits from the shared security of the Polkadot Relay Chain and integrations with other chains that are connected to Polkadot. Learn more at: https://moonbeam.network/.
The Bitcoin.com News podcast features interviews with the most interesting lea...
|Polygon and Wanchain to build direct L2-to-L2 cross-chain bridge
Polygon, aplatform for Ethereum scalingand infrastructure development, and Wanchain, a decentralized blockchain interoperability solution, have announced a strategic partnership that will drive further adoption of layer-2 cross-chain bridges.
Wanchain will now deploy direct decentralized cross-chain bridges connecting Polygon withArbitrum. This layer 2-to-layer 2 bridge will enhance Polygons growing suite of solutions, including Polygon Hermez, Polygon PoS, Polygon SDK, and Polygon Avail.
The partnership marks the first instance of using decentralized liquidity pools for a cross-chain bridge. This approach differs fundamentally from the industry-standard Lock-Mint-Burn-Unlock approach previously formalized by Wanchain.
We recognized that needing to pass through Ethereum when moving from one layer-2 to another is self-defeating. Wanchains new L2 bridges preserve the high transaction throughput and low costs of Polygon while remaining efficient 
Li Ni, Wanchain VP of Business Development and Operations
Wanchains cross-chain infrastructurealready supports Bitcoin, Ethereum, Wanchain, EOSIO, Binance Smart Chain, Litecoin, XRP Ledger, Moonriver, Avalanche, and Polkadot.
By extending inroads between Abritrum and Polygon PoS, the cross-chain bridge will facilitate better liquidity and utility for users while fostering greater overall interoperability and growth for the Ethereum ecosystem.
Sandeep Nailwal, Co-Founder at Polygon
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