Founded in 2015, Polkadot has been the focus of much attention this year due to its parachain auctions. Footprint Analytics has written an in-depth analysis of Polkadot’s ecosystem: Footprint: Will Polkadot be Blockchains 3.0?
And as Polkadot grows, so too does its ecosystem. Moonriver, the second parachain to get a slot in Kusama, has expanded its TVL to an all-time high of $700 million in mid-October before dropping back to $500 million as of Dec. 12. It is ranked 22nd for TVL, according to Footprint Analytics data.
Moonriver as Moonbeam’s Canary Network
Moonriver is the canary network of Moonbeam developed by the PureStake team. Moonbeam hopes to build an EVM-compatible smart contract platform that will allow developers to better deploy smart contracts and DApp front-end offices on Ethereum to the Polkadot ecosystem at minimal cost while also connecting to other chains on Polkadot.
Moonriver is connected to Kusama’s relay chain, and Moonbeam is connected to Polkadot’s chain. The relationship between Moonriver and Moonbeam is similar to that between Acala and Karura. In the Polkadot ecosystem, Kusama is a canary network for Polkadot, designed to test the network as close as possible to the real environment of Polkadot to ensure the security of the network.
Projects that want to go live on Moonbeam need to be tested and verified in its permanent test environment Moonriver before their developers can deploy them on Moonbeam, ensuring the code is tested to identify potential problems. So Moonbeam will have a more stable governance system than Moonriver. But Moonriver, like Kusama in the spirit of experimentation, is a community-driven network.
Advantages of Moonriver
Moonriver has the following features for developers and users to facilitate ecosystem development.
- EVM-compatible, which utilizes the user-experience of developers and users on Ethereum, allows developers to deploy projects from Ethereum to Moonriver without rewriting contracts or reconfiguring.
- Web3-compatible allows mainstream tools on Ethereum (such as MetaMask, etc.) to link to Web3 RPC endpoints that can be used on Moonriver.
- Unified address. Existing Ethernet H160 accounts and ECDSA signatures can interact directly with Moonbeam, making it easy for users to swap costs.
Native Token of Moonriver
MOVR is the token of Moonriver, with a price of $180 as of Dec. 12. Although the TVL of Moonriver is not ranked high among blockchains, its token price has been ranked third among mainstream blockchains, behind ETH and BNB, and even surpassed the recent popularity of Solana and Avalanche.
Moonriver is more community-focused, and MOVR plays the governance functions with the following main features:
- Gas fee metering: Users need to pay with MOVR when executing smart contracts
- Protocol security: Incentivizes organizers and provides the impetus for the creation of a decentralized node infrastructure mechanism on which the platform can operate
- On-chain governance: MOVR holders can nominate members for proposal, the election of committee members, voting, etc., thus realizing on-chain governance functions
- Network transactions: Use MOVR to pay for transactions on the network. Users can also use MOVR to trade with other tokens and even provide liquidity in DEXs to earn fees.
MOVR’s allocation method is more aggressive, as neither Moonriver’s investors nor the team will receive a token allocation, and the majority will be allocated to the community. Moonriver is bidding for the slot by offering 30% of MOVR’s initial supply as a Kusama crowdloan to reward allocation contributors, with the majority of the token transferred to the community within a year of launch.
Moonriver believes that the initial allocation scheme will profoundly impact the subsequent development of the entire network and will therefore undertake a more equitable and broader initial allocation scheme.
The total amount of MOVR is 10 million. Besides the 30% mentioned above—earmarked for crowdloan contributors—the rest will be distributed as follows:
- 40% to reserve for future auctions on Kusama parallel chain slots and community activities (e.g., liquidity rewards, strategic partnership rewards, etc.)
- 24.5% for long-term network maintenance, development, and other opportunities
- 4.5% earmarked for a developer support program to help projects deploy quickly
- The remaining 1% is used for reserves for parachain bond, payment of slot auction fees, and treasury.
Moonriver allocates more tokens to the community than Moonbeam’s token GLMR allocation scheme (26% for funding, and about 20% for key members, early and future employee incentives). This strategy makes Moonriver look very different compared to other programs.
DeFi Ecosystem of Moonriver
Footprint Analytics data shows that Moonriver is still dominated by DEXs and assets projects, with yield only accounting for 5% of the DeFi ecosystem. This is in contract to other head blockchains where DEX and lending are the cornerstones. This distribution is still relatively undiversified, and Moonriver still needs to attract more developers to enrich its ecosystem.
Regarding protocols, the top TVL as of December 12 is AnySwap ($225 million), followed by Moonriver’s native DEX project Solarbeam ($80 million). And SushiSwap in third and fourth place with about $70 million and $52 million.
Summary
Moonriver has only been launched for four months but has already become a notable project among blockchains—the price of MOVR is more than many popular blockchains. At present, DEXs dominate Moonriver’s DeFi ecosystem. Given its EVM compatibility, there may be a more robust round of TVL growth when more lending projects are introduced.
The Moonriver team also said that more cross-chain bridges and oracles would be deployed to the chain, and they keep disclosing cooperation with many significant projects in ecosystem construction.
This report was brought to you by Footprint Analytics.
What is Footprint
Footprint Analytics is an all-in-one analysis platform to visualize blockchain data and discover insights. It cleans and integrates on-chain data so users of any experience level can quickly start researching tokens, projects and protocols. With over a thousand dashboard templates plus a drag-and-drop interface, anyone can build their own customized charts in minutes. Uncover blockchain data and invest smarter with Footprint.
The post Footprint Analytics: Guide to Moonriver (MOVR) appeared first on CryptoSlate.
Check live crypto rates here
Start trading today – See our list of exchanges
630076 509944Hi there! Nice stuff, please do tell me when you finally post something like this! 325560
Thank you for the good writeup. It if truth be told
used to be a enjoyment account it. Glance complex to more
brought agreeable from you! However, how can we be in contact?
Heya i’m for the primary time here. I found this board and I in finding
It truly helpful & it helped me out a lot.
I’m hoping to present something again and help others like you helped me.
continuously i used to read smaller posts that also clear their motive, and that is also happening with
this piece of writing which I am reading at
this place.
Right here is the perfect website for anyone who hopes to understand
this topic. You know so much its almost tough to argue with you (not that I
actually would want to…HaHa). You definitely put a brand new spin on a topic that’s been discussed for a long time.
Excellent stuff, just excellent!
Excellent blog! Do you have any hints for aspiring writers?
I’m hoping to start my own website soon but
I’m a little lost on everything. Would you advise starting with a free platform like WordPress or go for a
paid option? There are so many choices out there that I’m completely overwhelmed ..
Any suggestions? Cheers!
It’s hard to come by experienced people for this topic,
however, you sound like you know what you’re
talking about! Thanks
I am now not certain the place you are getting your information, but great
topic. I needs to spend a while studying more or figuring out more.
Thank you for fantastic information I used to be searching for
this information for my mission.
certainly like your web site however you have to take a look
at the spelling on several of your posts.
A number of them are rife with spelling problems and I in finding it very troublesome to
tell the reality however I will definitely come again again.
This is my first time pay a visit at here and
i am actually happy to read all at one place.
Excellent article. I definitely appreciate this website.
Continue the good work!
Excellent pieces. Keep posting such kind of information on your blog.
Im really impressed by your blog.
Hello there, You’ve performed an incredible job. I’ll certainly digg it and
in my view suggest to my friends. I am confident they’ll be benefited from this website.
Hey! Someone in my Facebook group shared this site with us so I came to give it a look.
I’m definitely enjoying the information. I’m bookmarking and will be tweeting
this to my followers! Terrific blog and great design and style.
Magnificent beat ! I would like to apprentice while you
amend your website, how can i subscribe for a weblog site?
The account helped me a acceptable deal. I were tiny bit familiar of this your broadcast offered shiny transparent concept
Hi there every one, here every person is sharing such familiarity,
so it’s nice to read this website, and I used to go to see this website all the time.
Thanks for sharing your thoughts about website.
Regards
Asking questions are genuinely fastidious thing if you are not understanding something entirely, except this post provides good understanding
yet.
Touche. Great arguments. Keep up the amazing spirit.
This information is invaluable. When can I find out more?
Remarkable issues here. I am very satisfied to look your post.
Thank you so much and I am having a look forward to contact
you. Will you please drop me a mail?
Peculiar article, exactly what I needed.
you’re in reality a excellent webmaster. The website loading
pace is amazing. It seems that you are doing
any distinctive trick. Furthermore, The contents are masterwork.
you have done a magnificent job on this subject!
Hi there Dear, are you truly visiting this web site on a regular basis, if so after that you will definitely get nice know-how.
I have been browsing online more than 4 hours today, yet
I never found any interesting article like yours. It is pretty worth enough for me.
Personally, if all web owners and bloggers made good
content as you did, the net will be a lot more useful than ever before.
You really make it seem so easy with your presentation but I find this topic to
be really something which I think I would never understand.
It seems too complex and very broad for me. I am looking forward for your next
post, I’ll try to get the hang of it!
Howdy! This article couldn’t be written any better!
Reading through this post reminds me of my previous
roommate! He always kept preaching about this. I will send this information to
him. Fairly certain he’s going to have a good read.
I appreciate you for sharing!
Aw, this was an exceptionally nice post. Taking a few minutes and actual effort to generate a great article… but what
can I say… I hesitate a whole lot and don’t manage to get nearly anything
done.
I enjoy what you guys tend to be up too. This kind of clever work
and exposure! Keep up the superb works guys I’ve included you guys to blogroll.
Excellent article. Keep posting such kind of information on your
page. Im really impressed by your blog.
Hello there, You’ve performed a great job. I’ll certainly digg it and for my part
recommend to my friends. I am sure they’ll be benefited from this site.
I’ve been surfing online more than 3 hours
nowadays, yet I by no means discovered any attention-grabbing article like yours.
It is pretty worth sufficient for me. In my opinion,
if all webmasters and bloggers made good content material as you probably did, the web
will be a lot more useful than ever before.
I was suggested this web site through my cousin. I’m not sure whether this submit is written by him as no one else realize such
detailed about my trouble. You’re wonderful!
Thanks!
I believe this is one of the most significant information for me.
And i am glad reading your article. But should remark on some normal things,
The site taste is perfect, the articles is in reality nice : D.
Just right job, cheers
Oh my goodness! Impressive article dude! Thank you,
However I am experiencing issues with your RSS.
I don’t understand why I am unable to subscribe to it.
Is there anybody having identical RSS issues? Anybody who knows the
answer will you kindly respond? Thanks!!
Hi to every body, it’s my first pay a quick visit of this webpage;
this weblog includes amazing and in fact good material designed for
readers.
Please let me know if you’re looking for a article author
for your site. You have some really great posts and I
believe I would be a good asset. If you ever want to take some
of the load off, I’d love to write some articles for your blog in exchange for a link back to mine.
Please shoot me an email if interested. Cheers!
Attractive section of content. I just stumbled upon your
blog and in accession capital to assert that I
acquire actually enjoyed account your blog posts.
Anyway I’ll be subscribing to your feeds and even I achievement you access consistently quickly.
Heya i am for the first time here. I found this board and I find It
really useful & it helped me out a lot. I hope to give something back and
aid others like you aided me.
I just like the valuable information you provide in your articles.
I’ll bookmark your weblog and check again here regularly.
I am reasonably sure I’ll learn plenty of new stuff
proper right here! Best of luck for the next!
Unquestionably consider that which you said.
Your favourite reason appeared to be at the net
the easiest thing to be mindful of. I say to you, I certainly get annoyed whilst
people consider concerns that they just don’t realize about.
You controlled to hit the nail upon the top and also defined out the entire thing without having side-effects , other people could take a signal.
Will probably be back to get more. Thank you
Wow, this article is pleasant, my sister is analyzing such things,
so I am going to let know her.
Hi exceptional blog! Does running a blog similar to this require a large amount of work?
I have no knowledge of coding however I had been hoping to start my own blog in the near future.
Anyway, should you have any recommendations or techniques for new blog owners
please share. I know this is off topic but I just had to ask.
Thanks!
I’ll immediately clutch your rss feed as I can not in finding your email subscription link or e-newsletter service.
Do you’ve any? Kindly allow me recognize in order that I could subscribe.
Thanks.
It’s appropriate time to make some plans for the future and it is time to
be happy. I have read this post and if I could I wish to suggest you some interesting things or tips.
Maybe you can write next articles referring to this article.
I want to read more things about it!
Hey very interesting blog!
First off I would like to say great blog! I had a quick question in which I’d like to ask if you don’t mind.
I was interested to know how you center yourself and clear your mind
prior to writing. I have had a difficult time clearing
my mind in getting my thoughts out. I truly do take pleasure in writing but it
just seems like the first 10 to 15 minutes are wasted simply just trying to figure out
how to begin. Any recommendations or tips? Thank
you!
What’s up, this weekend is nice in support of me, since this occasion i
am reading this enormous informative piece of writing here at my home.
We are a group of volunteers and opening a new scheme in our community.
Your site provided us with valuable info to work on. You’ve done a formidable job and
our entire community will be thankful to you.
Hi there are using WordPress for your site platform?
I’m new to the blog world but I’m trying to get started
and set up my own. Do you need any html coding knowledge to make your own blog?
Any help would be greatly appreciated!
Hi i am kavin, its my first time to commenting anyplace, when i read
this paragraph i thought i could also make comment due to this good paragraph.
Aw, this was a very good post. Taking a few minutes and actual effort
to produce a good article… but what can I say… I put things
off a whole lot and never manage to get anything done.
Greate article. Keep posting such kind of
info on your page. Im really impressed by it.
Hello there, You’ve done an excellent job. I’ll certainly digg it and individually recommend to my friends.
I am sure they will be benefited from this site.
Very good post! We will be linking to this particularly great article on our website.
Keep up the great writing.
I know this website offers quality depending articles
and other stuff, is there any other site
which offers these kinds of things in quality?
Hello there, I found your web site by way of Google whilst searching for a related topic, your web site got here up, it appears good.
I’ve bookmarked it in my google bookmarks.
Hello there, simply was alert to your weblog through Google, and located that it is truly informative.
I’m gonna watch out for brussels. I’ll appreciate if you happen to proceed this in future.
Numerous people shall be benefited out of
your writing. Cheers!
Hello, I would like to subscribe for this blog to obtain latest updates, thus where can i do it please help out.
Asking questions are in fact fastidious thing if you are not understanding something totally, except this article gives pleasant understanding even.
It’s really very complicated in this active life to listen news on Television, thus I only use web for that reason, and obtain the
newest news.
you are in point of fact a just right webmaster. The web site loading pace is incredible.
It sort of feels that you are doing any distinctive trick.
In addition, The contents are masterpiece.
you have done a excellent task on this matter!
Thanks for some other magnificent post. Where else may
anyone get that kind of info in such a perfect means of writing?
I’ve a presentation subsequent week, and I am at the look for such
info.
Hello there, I found your website by means of Google while searching for a comparable topic, your site got
here up, it appears to be like great. I’ve bookmarked it in my google bookmarks.
Hello there, simply became alert to your weblog via Google, and located that it is truly informative.
I’m going to be careful for brussels. I will be grateful if you happen to continue this in future.
A lot of people will be benefited out of your writing.
Cheers!
This is very interesting, You are a very skilled blogger. I’ve joined your feed and look forward to seeking more
of your fantastic post. Also, I have shared your site in my social networks!
I know this if off topic but I’m looking into starting my
own blog and was curious what all is needed to get set up?
I’m assuming having a blog like yours would cost a pretty penny?
I’m not very web smart so I’m not 100% certain. Any tips or advice would be greatly appreciated.
Kudos
It is the best time to make a few plans for the future and it is time to be happy.
I have learn this put up and if I may I wish to recommend you some fascinating issues
or suggestions. Perhaps you could write next articles regarding this
article. I desire to learn more things about it!
Right away I am going away to do my breakfast, after having my breakfast coming yet again to read additional news.
It’s very effortless to find out any topic on web as compared to textbooks,
as I found this post at this web page.
I am curious to find out what blog platform you have been using?
I’m having some small security problems with my
latest website and I’d like to find something more secure.
Do you have any solutions?
After I initially left a comment I appear to have clicked on the -Notify me when new comments are added- checkbox and now each time a comment is added I
receive 4 emails with the exact same comment.
There has to be a means you are able to remove me from
that service? Thanks!
I got this site from my buddy who shared with me on the topic of this website and now this time I am browsing this website and reading very informative articles at
this place.
I am regular visitor, how are you everybody?
This piece of writing posted at this web site is truly good.
Oh my goodness! Amazing article dude! Thank you so much,
However I am having problems with your RSS.
I don’t know why I am unable to join it. Is there anyone else
getting identical RSS issues? Anybody who knows the solution will you kindly respond?
Thanx!!
Howdy, There’s no doubt that your site may be having browser compatibility problems.
Whenever I take a look at your blog in Safari, it looks fine but when opening in IE, it
has some overlapping issues. I simply wanted to give you a quick heads up!
Besides that, excellent blog!
Greetings, There’s no doubt that your site could be having internet browser compatibility issues.
When I take a look at your blog in Safari, it looks fine but when opening in IE, it’s got
some overlapping issues. I merely wanted to provide you
with a quick heads up! Besides that, fantastic blog!
Hi to every one, the contents existing at this website are
truly amazing for people knowledge, well, keep up the good work
fellows.
My brother recommended I might like this
web site. He was entirely right. This post actually made my day.
You can not imagine simply how much time I had spent for this info!
Thanks!
Hi, i think that i saw you visited my weblog thus i came to “return the favorâ€.I’m trying to find things
to improve my web site!I suppose its ok to use a few of your ideas!!
Thank you a bunch for sharing this with all folks you really understand what you are talking approximately!
Bookmarked. Please also consult with my website =). We will have a link exchange arrangement among us
What’s up, I check your new stuff regularly. Your story-telling style is witty, keep doing what you’re doing!
Thanks for sharing your info. I really appreciate
your efforts and I am waiting for your next post thanks
once again.
Very nice post. I just stumbled upon your blog and wished to mention that I’ve really enjoyed
browsing your blog posts. In any case I will be subscribing on your feed and I hope you write once
more very soon!
Terrific article! That is the type of info that should be shared around the net.
Disgrace on Google for not positioning this publish upper!
Come on over and talk over with my web site . Thanks =)
Hi! I know this is kinda off topic but I was wondering if you knew where I could
get a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having trouble finding one?
Thanks a lot!
Have you ever considered creating an e-book or guest authoring on other websites?
I have a blog based upon on the same topics you discuss and would really like
to have you share some stories/information. I know
my viewers would appreciate your work. If you’re even remotely interested, feel free
to send me an email.
Howdy! Quick question that’s entirely off topic. Do you know how to make your site mobile friendly?
My website looks weird when browsing from my iphone. I’m trying to find a template or plugin that might be able to resolve this problem.
If you have any suggestions, please share. Thanks!
Hi there very nice website!! Guy .. Beautiful .. Superb ..
I will bookmark your blog and take the feeds additionally?
I am happy to find numerous useful information here in the submit, we’d like work out more techniques on this regard, thank you for sharing.
. . . . .
We absolutely love your blog and find the
majority of your post’s to be just what I’m looking for. Would you offer guest writers to write
content for you personally? I wouldn’t mind creating a post or elaborating on most of the subjects
you write about here. Again, awesome web log!
Great info. Lucky me I discovered your site by chance
(stumbleupon). I have saved as a favorite for later!
Howdy very cool web site!! Man .. Beautiful .. Wonderful ..
I’ll bookmark your web site and take the feeds also?
I am happy to find a lot of useful info here in the submit, we’d like work out more strategies in this regard, thank you for sharing.
. . . . .
Excellent blog! Do you have any tips and hints for aspiring writers?
I’m hoping to start my own site soon but I’m a little
lost on everything. Would you propose starting with a free
platform like WordPress or go for a paid option? There are so
many choices out there that I’m completely overwhelmed ..
Any recommendations? Appreciate it!
Very good article. I am dealing with a few of these issues as well..
Your way of describing all in this article is really nice,
all be capable of without difficulty be aware of it, Thanks a lot.
Remarkable things here. I am very happy to look your article.
Thanks so much and I’m looking forward to contact
you. Will you please drop me a e-mail?
Hello, after reading this amazing post i am also delighted to share my experience here with
friends.
30219 65280I got what you mean ,bookmarked , quite nice internet web site . 524202
It is appropriate time to make some plans for the future and it is time to be happy.
I have read this post and if I could I want to suggest you few interesting things or suggestions.
Perhaps you could write next articles referring to
this article. I wish to read even more things about it!
Thanks a lot for sharing this with all people you really recognise what you’re speaking approximately!
Bookmarked. Kindly additionally talk over with my site =).
We will have a link trade contract between us