Glimmer Research Hub | GLMR information, history and analysis
Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. The project was launched in January 2020 by Pure Stake, a company that provides tools and infrastructure services to blockchain developers.
Moonbeam acts as a bridge that lets developers and users work with both Ethereum and Polkadot, two of the most popular blockchains. It leverages the robust infrastructure and smart contracts of Ethereum and combines them with the rock-solid tools available on Polkadot. The Moonbeam platform also extends the base Ethereum feature set with additional features such as on-chain governance, staking, and cross-chain integrations.
Moonbeam has growing support from developers and organizations like SushiSwap, Chainlink, Band Protocol, Biconomy, DODO, The Graph, Ocean, Razor, Covalent, and many more. These systems have all implemented Moonbeam as a building block for interoperability.
GLMR is a utility token of the Moonbeam ecosystem and can be used to:
- Participating in the governance process, vote on important decisions of the platform.
- Paying transaction fees
- Earning rewards through providing liquidity and staking.
This article discusses market predictions for SOL and GLMR cryptocurrencies amid strong Bitcoin fluctuations. Experts analyze SOL’s potential price declines and factors affecting GLMR, particularly in the Asian market.
Token Spotlight: Moonbeam Network (GLMR), the groundbreaking Blockchain scaling solution
Moonbeam is a project designed with the main purpose of helping to provide scalability to the Polkadot network by deploying an EVM virtual server that works on this platform.
Details: https://bit.ly/46d2vFe
Moonbeam introduced Moonbeam Routed Liquidity
This solution enables the movement of assets from any chain in any ecosystem connected to Moonbeam through a bridge, to any parachain on Polkadot through the Moonbeam bridge.
This improvements have driven GLMR, the utility token of the Moonbeam ecosystem, to increase continuously for the past 3 days.
Polkadot parachain Moonbeam integrates cross-chain messaging protocol LayerZero
Polkadot parachain Moonbeam has integrated cross-chain messaging protocol LayerZero to facilitate Web3 interoperability, Polkadot said Monday.
Derek Yoo, the CEO of Purestake, the development team behind Moonbeam, announced that its integration of LayerZero will offer a broader messaging service across various chains such as Ethereum, BNB Chain, Polygon and others.
Moonbeam integrated with Osmosis via Axelar Network
Moonbeam, a smart contract parachain on Polkadot, announced integration with Cosmos-based DEX Osmosis via cross-chain interoperability protocol Axelar Network to enable cross-chain token swaps between the Polkadot and Cosmos ecosystems.
DOT became the first token to move between the two ecosystems, and has been available on Osmosis.
Polkadot’s Moonbeam reaches 3 million transactions, 200,000 wallets
Moonbeam’s team estimates that its instruments have processed over three million transactions authorized by 200,000 active accounts so far.
Moonbeam’s enthusiasts locked 92 million GLMR tokens into its staking module. At current prices, this sum is equal to $225.4 million. More than 30 projects have already been integrated with Moonbeam. New teams deploy their applications to Moonbeam continuously.
GLMR increased by 37.75% after 24 hours
Glimmer (GLMR), the official token of the Moonbeam Network project, has grown by nearly 200 times its starting price right after the listing time. Currently, GLMR is currently trading at $12.237, up more than 37% in the past 24 hours.
With a lot of development potential in 2022, Blockchain Moonbeam is ready to welcome the implementation of more than 80 projects, which are expected to “light up” the ecosystem of Polkadot.
Moonbeam’s GLMR token price jumps 200 times after listing on Binance
On Jan.11, after being listed on Binance, Glimmer (GLMR), the token of the Moonbeam ecosystem grew significantly from $0.25 to a peak of $51, which is 200 times the listing price. GLMR is currently trading at $8.81.