|All Time High:|
|Market Cap: |
|The price of #MOVR today is $8.70 USD.|
The lowest MOVR price for this period was $0, the highest was $8.70, and the current live price for one MOVR coin is $8.69966.
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 ETH or other crypto coins.
|The code for Moonriver crypto currency is #MOVR. |
Moonriver is 1.4 years old.
|The current market capitalization for Moonriver is $53,889,348.|
Moonriver is ranking upwards to #309 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 $3,254,847.
|The circulating supply of MOVR is 6,194,419 coins, which is 58% 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.
Cross-Chain Connected Contracts with Hyperlane
Cross-chain communication lives at the heart of Moonbeam, which is why Hyperlane, another cross-chain protocol, has deployed on Moonbeam. Similar to previously introduced protocols Axelar and LayerZero, Hyperlane allows developers to write smart contracts that can communicate across blockchains, which lets developers build cross-chain connected applications on Moonbeam that can tap into functionality from Polkadot, Ethereum, Avalanche, and beyond. Multichain dApps are currently unified interfaces for protocols duplicated across multiple EVMs. Protocols will be able to connect their contracts cross-chain using Hyperlane’s general message passing to become multichain aware, allowing for advanced interoperability and functionality between what would otherwise be isolated ecosystems. To demonstrate the power of connected contracts, walk through this demo that sends and stores a string from one TestNet EVM to another. The demo requires a MetaMask account with the Moonbase Alpha network added, which can be accomplished by visiting the Moonbeam docs site. — Intro to Hyperlane Contracts - Hyperlane is a delegated proof of stake chain protocol that validates and secures cross-chain communication via configurable consensus methods. Every validator in Hyperlane’s network will validate for every chain that Hyperlane is connected to. Hyperlane’s protocol includes verifiable fraud proofs that can be calculated by its network o...
Cross-Chain Connected Contracts with LayerZero
Connected contracts allow smart contracts to communicate with each other across chains, opening the possibility for multichain-aware dApps. Moonbeam’s first integration for connected contracts was Axelar, and in this blog post you will be introduced to another popular cross-chain protocol. LayerZero is designed to be a lightweight interoperability protocol for cross-chain message passing. Benefits of LayerZero’s connected contract design include nonce-ordered messages and configurable trustlessness. Using LayerZero’s connected contracts solution, developers can build dApps that can tap into functionality from Polkadot, Ethereum, Avalanche, Swimmer, and beyond. Multichain dApps are currently unified interfaces for protocols duplicated across multiple EVMs. Protocols will be able to connect their contracts cross-chain using LayerZero’s message passing to become multichain-aware, allowing for advanced interoperability and functionality between what would otherwise be isolated ecosystems. To demonstrate the power of connected contracts, this demo will send and store a string from one TestNet EVM to another. The demo requires a MetaMask account with the Moonbase Alpha network added, which can be accomplished by visiting the Moonbeam docs site. — Intro to LayerZero - LayerZero is a trust-configurable protocol that provides secure cross-chain communication. Ultra-light nodes (ULN) in the form of smart contracts provid...
Spotlight: Cross Chain NFTs and 1:1 NFT Art on Moonbeam
The NFT scene on Moonbeam has grown with the development of new blockchain technology. New use cases that include the freedom for users to access their NFTs across blockchains and the concept of one-of-one NFTs are making waves in the space. Moonbeam is actively improving cross-chain access to NFTs with connected contracts, which opens new opportunities for the use of NFTs on any blockchain. The Moonbeam network is home to a diverse and active ecosystem that includes NFTs natively supported by the ERC-721 and ERC-1155 standards available for use in cross-chain connected smart contracts. This means Ethereum-compatible NFTs and other assets are visible and useable from one application without moving them across blockchains. This flexibility will impact NFT use in many aspects of gaming, metaverse, art collection, and more. Moonbeam is Ethereum compatible and supports ERC-721 NFT bridging with Ethereum, but this may no longer be necessary as the next generation of user-friendly applications solve the problem of fragmented cross-chain functionality and user experience. — NFTs on Moonbeam - A variety of top-tier multi-chain NFT marketplaces deployed on Moonbeam are already experimenting with the possibilities brought by recent innovations. Moonbeam’s marketplaces include Treasureland, NFTrade, Tofu NFT, Moonbeans, Mintverse, and Raresama. As a smart contract platform for building cross-chain connected applications that ca...
Using the Moonbeam Community Forum
The Interim Treasury Program is a 6-month program that establishes a separate community Treasury Council to manage Treasury funds, a budget for Treasury spending, and a required discussion time to gather community feedback on possible future Treasury proposals. When a community member has a new idea for a Treasury proposal, the first step they’ll need to take before submitting a formal on-chain proposal is to post their idea on the Moonbeam Community Forum. The proposer will collect feedback from community members and the Treasury Council for five days. After five days of community engagement, the proposal can be submitted formally on-chain along with a proposal bond. The proposal bond on Moonbeam and Moonriver is 5% of the amount requested by the proposer, with a minimum amount and no upper limit. The minimum is 100 GLMR on Moonbeam and 1 MOVR on Moonriver, although these amounts may change in the future. The proposal can then be converted to a Council motion or rejected by any member of the Treasury Council. If none of the Treasury Council members propose it as a motion, the bond stays locked and cannot be claimed back by the proposer. Assuming the proposal was converted to a Council motion, the motion will then be subject to an on-chain vote. A majority of 3/5th of the Treasury Council is required to pass the motion. On the other hand, the threshold for rejecting a proposal is at least 1/2 of the Treasury Council. If th...
Introducing the Moonbeam Community Forum
The Moonbeam community is welcome to participate in the Moonbeam Community Forum, a new community space dedicated to hosting Moonbeam and Moonriver-related discussions, including technology development, governance, and future ecosystem initiatives. The forum will also serve the updated Moonbeam Foundation Grants and Treasury Programs as the designated discussion forum for proposals before and during democracy. — About the Moonbeam Community Forum - The Moonbeam Community Forum was launched as a dedicated space for the community to refine and brainstorm concepts, share their feedback and participate in community discussions about governance, technology development, future ecosystem initiatives, and more. Users can access and view all live discussions by going to the Moonbeam Community Forum site. Users must log in using their Discord credentials to start participating and posting. Comments should be made in English and follow the Moonbeam Foundation Code of Conduct. In brief, conforming to the Moonbeam Foundation Code of Conduct means participating in a way that creates a welcoming environment and a harassment-free experience for all community members. Users should use inclusive language, be respectful of differing viewpoints, accept constructive feedback, and focus on what is best for the network, community, and ecosystem. Community moderators will support the forum by ensuring discussions follow the Moonbeam Code of C...
Moonriver Provides EVM Smart Contract Platform for Robonomics Applications with XCM Integration
Singapore — November 22, 2022 — Moonbeam, the top destination for multi-chain applications on Polkadot, has announced an XCM connection between Moonriver and Robonomics by opening an HRMP channel to bring the Robonomics native token, XRT, to Moonriver. The XRT token can now be used as xcXRT across the Moonriver ecosystem. Robonomics is an open-source platform for IoT applications. It supports Web3 technology that implements the exchange of information in atomic transactions between user applications, IoT services, and complex robotics. The Robonomics platform contains tools for developing IoT applications, both on the robotics and the user interface sides. The user and device communicate using IPFS, Ethereum, and Polkadot. With this integration, the Robonomics team can explore bringing smart contracts into their parachain on Kusama. Developers can build atop Moonriver’s fully Ethereum-compatible smart contract platform to explore the integration of composable smart contracts into the real-world applicability that IoT devices have been created to provide. Taking on-chain data and being able to translate that into real-world events will open up a new class of development and use cases that blockchains can power. In August, Moonbeam announced a live proof-of-concept of XCM-to-EVM functionality on Moonbase Alpha TestNet. This technology allows developers on remote chains to trigger function calls on the Moonriver/Mo...
Bifrost Polkadot Integrates with Moonbeam to Power GLMR Liquid Staking
Singapore — November 17, 2022 — Moonbeam, the top destination for multi-chain applications on Polkadot, has announced an XCM connection between Moonbeam and Bifrost by the opening of HRMP channels bringing the Bifrost native token, BNC, to Moonbeam. Bifrost’s token can now be used as xcBNC, an XC-20 representation of BNC, across the Moonbeam ecosystem, and the GLMR token is now available on Bifrost. Bifrost exists as a parachain on both Kusama and Polkadot as Bifrost Kusama and Bifrost Polkadot. Both parachains are DeFi protocols that provide staking derivatives and liquidity to bonding assets. Bifrost powers vTokens (Staking Derivatives Voucher Token), which allow users to exchange PoS tokens for vTokens and obtain liquidity and staking rewards through Bifrost protocol The underlying technology that enables the XC-20 standard, XCM (Cross-Consensus Messaging) is uniquely made possible by the Polkadot architecture. XCM is a language that enables asset transfers from Bifrost, and other parachains to Moonbeam represented as standard ERC-20s. This format provides flexible interoperability within the Polkadot ecosystem and beyond — a key building block of the cross-chain connected future. Moreover, XCM allows one parachain to perform remote calls on the other, a key element that will power the GLMR liquid staking solution that Bifrost provides through XCM. The recent activation of the XCM SDK makes it easier ...
Moonriver and Moonbeam Natively Supports Auto-Compounding of Staking Rewards
Singapore — November 03, 2022 — Moonbeam, the top destination for multi-chain applications on Polkadot, has released runtime 1901 in Moonriver, and soon, Moonbeam, after the passing referendum 116. Runtime 1901 includes new features that allow users to auto-compound staking rewards earned on the Moonriver and Moonbeam staking DApps. This upgrade also activates randomness, a feature anticipated for gaming on Moonbeam, and identity verification. The latest technical components included in Runtime 1901 will positively impact application development with new use cases on the Moonriver and Moonbeam networks. — Auto-Compounded Staking - GLMR and MOVR token holders support the maintenance of the Moonbeam and Moonriver networks, respectively, by locking their tokens to collators. When a user delegates tokens to a collator, the staking rewards earned on the Moonbeam and Moonriver Dapps are automatically deposited into the connected wallet. These tokens are available to be used however the token holder wishes. If the staker desired to add the rewarded tokens back into the delegation, the only option was to do so manually. Now there is an automatic option. The implementation of runtime 1901 now allows Moonriver staking dapp users to autostake their token rewards with one click. This feature will be added to Moonbeam in the next two weeks. Users have always been free to delegate these funds, but it had to be done manual...
Quest 3: Restore the Mooncrystals
Escape to Illuminate Part 6. — The Moonwolf was pulled upward in the beam of light that blasted from the Kusama tree to space: A moonbeam reflected back to its home. As the Moonwolf was pulled skyward in the moonbeam the Sungod knew his window to intervene was closing. In his final attempt to thwart the Champions from completing their mission, the Sungod used his power to shift the sun, which he has already pulled as close to the earth as he dared, into the path of the moonbeam. The heat of the fiery globe disrupted the Moonbeam and the Moonwolf fell toward the scorching hot earth. The Moonwolf called the phoenix whose fate was intertwined with his own. It shot out of the sky, its wings spread under the Moonwolf to slow his fall. The Sungod shrieked with rage and moved to strike the Moonwolf. The Moonwolf’s life memories flashed before his eyes. He recalled the day that he awoke in the rubble and his howl released the river and the moon from the mountain returning life to the valley. The spirit of the phoenix had been with him as long as he remembered, even when he was sucked into the whirlpool that had taken him deep under the lake where he was held in suspended animation for years. He had awakened when the Moonwarriors had begun their Quests, lying in wait until it was time for his final job. The fire of the phoenix was no protection from the Sungod’s attempts to smash the Moonwolf. His first swing missed nar...
Quest 3: Ignite the Mooncrystals
Escape to Illuminate Part 5 — Reminders:. — Quest 3 Google Form is open. 14 clues are available., Register for Illuminate and join Derek’s talk at 9:00 am EST tomorrow, Thursday, November 10th for the final clue., For instructions, refer to Escape to Illuminate Part 4, Do not submit the form more than once., The contest closes at 9 pm EST Thursday, November 10th. The form will close and no more submissions will be accepted., — Before You Submit the Form:. — Double-check that your Moonriver wallet address, Twitter, and Discord handles are correct., If you are going for the bonus, ensure that the Quest 1 and 2 NFTs are ALREADY in the wallet you have included on the form., DO NOT remove any Quest NFTs (1, 2, or 3) from this wallet until the bonus has been awarded., The Moonriver Valley community gathered in the houses connected to the Moontunnels. The shelter and cool air from the tunnel entrances offered some relief from the hot sun, but the rising heat outside was troubling. The Moonwarriors ran around the settlement gathering any stragglers still looking for shelter as they sweated through their clothes. The sun looked dangerously close. One Champion passing by the Kusama tree noticed a hooded figure slumped sitting at the base of it, on the roots. He approached shouting for the figure to move to one of the houses for shelter. The figure remained still, and the Champion jogged up to him. ...
More Moonriver (#MOVR) News
|Polkadot Soars 8% In Last 24 Hours Courtesy Of Its Dev't Activity, NFT E...
With the use of relationships with parachains, Polkadot will be able to expand its ecosystem's capabilities and reach new heights. Moonbeam Network and its subsidiary, Moon River, have joined forces with Bifrost recently.
There's hope for Polkadot, and here's a quick article at how the crypto has been faring: The DOT's price went up because of some major changes on the chain. However, according to the indicators, the negative outlook remains intact.
Based on a recent tweet, the integrations have not only enabled liquid staking for GLMR and MOVR tokens, but they have also caused a dramatic increase in developer engagement within the ecosystem.
This, as this tweet attests, is what propelled Polkadot into the ranks of the most active blockchains.
We're happy to announce that $vGLMR & $vMOVR liquid staking is Live on Bifrost!
Thanks to the @Polkadot #HRMP channel and the yield-bearing vToken derivatives, @MoonbeamNetwork & @MoonriverNW community can enjoy increased token liquidity and rewards:https://t.co/15mSRH8BpR
— Bifrost (@bifrost_finance) November 21, 2022
During this same time period, sales of NFTs grew, indicating progress for Polkadot in this arena as well. CoinMarketCap reports an 8 percent gain in the price of DOT in the last 24 hours as a result of these events. However, can DOT keep up this pace?
Optimism Lingers For DOT
While there is little doubt that ecosystem trends are encouraging, multiple signs suggest that investors may be getting carried away. We may...
|UniLend V2 Launched: Becomes 1st True Permissionless Lending and Borrowi...
PRESS RELEASE. Launching its much awaited V2 testnet on the Goerli chain today, UniLend team is looking to Revolutionise the Lending and Borrowing scene in the DeFi space. It is the first ever protocol which claims to “Make Every Digital Asset Productive”.
Earlier, UniLend Finance CEO, Chandresh Aharwar had unveiled the version of UniLend Dapp for the first time on Binance Live, calling it “The world's first true permissionless lending and borrowing protocol”.
The DeFi space has grown multiple fold in the past couple years but is still in its early stages. UniLend V2 will allow anyone to start lending and borrowing of any 12k+ ERC20 tokens, just like anyone can start trading any token on a decentralised exchange without any approval or permission.
The team also announced an Airdrop worth $5000 UFT for early tester which will run for couple of weeks.
In order to enable you to quickly learn about v2 , we advise you to dive in to the documentation:
- Core UniLend V2 smart code on Github
Launched after months of rigorous internal testing, hard work and sweat, the team says it's confident that with this release, a new era of the financial system will impact the lives of billions of people with inclusion into DeFi. With UniLend V1 Permissionless Protocol being live for more than a year on four major blockchains: Ethereum, Polygon, Binance Smart Chain, and Moonriver with more than $50 Million Flash Loans executed, the team is extremely enthusiast...
|Chainlink Launches SCALE to Ease Oracle Network Operating Costs
In an announcement on Sept. 28, Chainlink Labs stated that the new initiative allows blockchains and layer-2 networks to fast-track smart contract innovation.
This is achieved by helping to cover the operating costs (such as gas fees) of Chainlink oracle services for a period of time.
“As L1 & L2 user bases expand, fees from dApps can eventually cover the full on-chain costs of Chainlink oracle nodes - driving long-term viability across different ecosystems,” the team stated.
1/ Introducing SCALE—Sustainable Chainlink Access for Layer 1 & 2 Enablement—a #Chainlink Economics 2.0 program.
SCALE accelerates the growth of on-chain ecosystems by blockchains/L2s helping cover the costs of Chainlink oracles supporting their dApps.https://t.co/v7qz8KtF1P
— Chainlink (@chainlink) September 28, 2022
A Chainlink Economics 2.0 Initiative
A number of networks, including Avalanche, Metis, Moonbeam, and Moonriver, have pledged support for Chainlink SCALE, onboarding the program to cover certain oracle network operating costs and furthering research and development.
As the system matures, oracle operating costs can transition to being covered by dApp user fees rather than the ecosystem itself covering the overheads.
SCALE is part of the Chainlink Economics 2.0 program, which targets sustainable growth, crypto-economic security, and deeper value capture in the network. The roadmap was released in early June, highlighting long-term goals and economic sustainabil...
|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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