Moonbeam
Current price
$0.00986
−9.81%24h
LiveUpdated 34s ago
TodayMoonbeam drops 9.8%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour+1.44%
- 24 hours−9.81%
- 7 days−15.43%
- 30 days+67.97%
- 1 year−77.04%
Moonbeam's move in context
Lagging the market today
−9.81% today against −3.26% for the market as a whole, a gap of 6.5 points. A gap this wide suggests something specific to Moonbeam may be moving it, not just the market mood.
Trend has turned
−15.4% over 7 days and +68.0% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Moonbeam
Overview
Moonbeam is a revolutionary blockchain platform designed to provide a seamless environment for developers looking to build and deploy decentralized applications (dApps) on the Polkadot network. Launched with the mission of making decentralized finance (DeFi) accessible and efficient, Moonbeam aims to simplify the development process by integrating Ethereum compatibility, enabling developers to use existing Ethereum tools and smart contracts. One of its distinguishing features is its unique architecture that allows it to leverage the security and scalability of the Polkadot ecosystem while supporting Ethereum-based projects. As a result, Moonbeam enhances interoperability among different blockchains, positioning itself as a key player in the multi-chain future of Web3.
Technical Features
Moonbeam boasts a number of technical features that make it a compelling choice for developers. Its consensus mechanism is based on the nominated Proof-of-Stake (NPoS), which ensures a high level of security and decentralization. The platform employs a multi-chain network architecture, achieving scalability through its connection to the Polkadot Relay Chain. This allows Moonbeam to process numerous transactions simultaneously and maintain a low latency environment. Furthermore, it utilizes the Substrate framework, an efficient toolkit for building blockchains, and offers a full Ethereum compatibility layer, enabling developers to use Solidity smart contracts with ease. The combination of these technical elements positions Moonbeam as a scalable and secure platform catering to a wide range of applications.
Use Cases
Moonbeam's versatility opens doors to numerous use cases, particularly in decentralized finance (DeFi), where it simplifies the process of creating interoperable protocols. Developers can easily deploy DeFi applications that can interact with assets across different chains. Additionally, Moonbeam supports governance applications through its native token, GLMR, allowing holders to influence the direction and development of the platform. The platform is also well-suited for Non-Fungible Tokens (NFTs), enabling artists and creators to mint and trade digital art seamlessly. Moreover, it offers smart contract functionality that can be utilized in various sectors, promoting enhanced transparency and efficiency in transactions and services.
Development Background
Moonbeam was developed by PureStake, a software development firm specializing in blockchain infrastructure. The project began taking shape in 2020, with initial funding raised from key investors and venture capital firms dedicated to supporting the growth of decentralized technologies. Since its inception, Moonbeam has achieved significant milestones, including the successful launch of its mainnet in January 2022. This launch marked a pivotal moment, as it solidified Moonbeam's position as a critical infrastructure layer in the Polkadot ecosystem, fostering broader adoption and integration.
Community and Ecosystem
Moonbeam boasts a vibrant ecosystem and community, comprising developers, users, and various projects building on its platform. With strong backing from the Polkadot community, Moonbeam has formed partnerships with multiple DeFi projects, NFT platforms, and decentralized autonomous organizations (DAOs), which contribute to its growing utility. The platform also encourages collaboration through hackathons, grants, and initiatives designed to support innovation. As a result, several dApps and projects have emerged, enhancing the overall attractiveness of the Moonbeam network and expanding its reach.
Future Potential
Looking ahead, Moonbeam has immense potential based on its cutting-edge technology and versatile use cases. Ongoing developments, such as enhancing its integration capabilities with other blockchains and expanding its DeFi offerings, promise to attract more developers and projects to the platform. Upcoming features, including improved interoperability tools and enhanced scalability solutions, are indicative of Moonbeam's commitment to remaining at the forefront of the blockchain landscape. As the demand for decentralized solutions continues to grow, Moonbeam is well-positioned to capitalize on this trend, making it a significant player in the evolving cryptocurrency market.
Moonbeam market
- Position by market cap among the coins we track.
- #353
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $11.53M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.009562High $0.0113
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $19.50
- Now 0% of itReached 11 Jan 2022 · Needs +197,669% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 1.17B GLMR
- 95% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 1.24B GLMR
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 1.24B GLMR
- The most coins that can ever exist. Some coins have no limit.
Moonbeam converter
1 Moonbeam = $0.00986
