Moonriver MOVR
1. Summary
- Price
-
$13.06 +15.3%
- Market Cap
- $121.78M (#476)
- Supply
- 9.24M / 11.62M
- Description
-
Moonriver is defined as a companion network to Moonbeam. It provides an incentivized canary network.
Moonriver is defined as a companion network to Moonbeam. It provides an incentivized canary network.
The idea here is for new code to first go to Moonriver, where it can be tested as well as verified under real economic conditions, and once it has been proven, it can ship to Moonbeam on Polkadot. This is achieved through an EVM implementation, a Web3-compatible API, and bridges that connect Moonriver to the existing Ethereum Networks.
The MOVR Token Explained
MOVR is the native cryptocurrency utility token that powers Moonriver.
There are specific use-cases surrounding the MOVR token, including supporting the gas metering of the execution of smart contracts, incentivizing collators, and powering the mechanics surrounding the creation of a decentralized node infrastructure, which the platform can run. Additionally, MOVR can be used as a means to facilitate on-chain governance, including the proposal of referenda, the election of council members, and even voting. Its main usage, however, is for the process of paying the network transaction fees.
Keep in mind that a minimum of five MOVR tokens can be staked on the network, and the reward payout time is set at two rounds by default. In each round, there are a total of 300 blocks, and they take 1 hour to complete. These rewards are distributed across collators and nominators, where the collators produce blocks and collect transactions from users in order to generate proofs for relaying the validation process, while the nominators are the token holders that hodl and stake their tokens on the Moonriver network.
These rewards are given to the collator and are fixed at a 20% annual inflation. Additionally, the nominators can get verifiable rewards that are proportional to the number of tokens that are staked in the Nominators reward pool.
Features of Moonriver
Moonriver is developed to fill the role as a smart contract platform and allow developers to redeploy their Ethereum decentralized applications (dApps) through a substrate environment. This means that the smart contracts that power these Ethereum dApps won't really need to be re-written for the Karura network.
To make all of this work, the Moonriver platform offers specific services for developers, which makes it stand out. First, you have the EVM implementation that essentially allows for Ethereum-based smart contracts to be migrated to the Kusama environment. Additionally, it supports a Web3 compatible API, which in turn allows Ethereum-based tools. This includes the MetaMask wallet. Essentially, all of them can be used with Moonriver due to this. Then there are the bridges, which allow for token transfers, state visibility, and message passing with Ethereum and other chains such as Bitcoin. There is even built-in integration for assets such as DOT and ERC-20 based tokens, alongside different infrastructure services, including Chainlink and The Graph.
Founders of Moonriver (MOVR)
When it comes to the founders of Moonriver, it was founded by the Moonbeam Foundation and built by PureStake. These organizations work in order to make founder Derek Yoo’s vision of a multi-chain future real.
| Price | |
| 52W High price | $33.85 |
| 52W High date | 25th Dec 2023 (11 months ago) |
| All Time High (ATH) Date | 11th Sep 2021 (3 years ago) |
| ATH Price | $494.26 |
| % From ATH | -97.48% |
| All Time Low (ATL) Date | 19th Oct 2023 (1 year ago) |
| ATL Price | $3.62 |
| % From ATL | 243.61% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $13.12M |
| Total Supply | 11.62M |
| Circulating Supply | 9.24M |
MOVR
How does Moonriver's (MOVR) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
27.8%
MOVR
4.0%
Similar Market Cap
60 Day Return
22.3%
MOVR
6.7%
Similar Market Cap
1 Year Return
117.7%
MOVR
25.6%
Similar Market Cap
We're monitoring 75 Moonriver GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Moonriver Repos)
Commits vs. The Market
- Past 4 weeks: 57 commits vs. an average of 1
- Past 12 weeks: 143 commits vs. an average of 7
- Past year: 430 commits vs. an average of 104
Most Active Repos
| Past week | 43 |
|---|---|
| Past 12 weeks | 213 |
| Past year | 1077 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 95 |
| Past year | 957 |
| Past week | 60 |
|---|---|
| Past 12 weeks | 179 |
| Past year | 604 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 516 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 60 |
| Past year | 459 |
| Past week | 23 |
|---|---|
| Past 12 weeks | 74 |
| Past year | 284 |
Top Developers 2024
In total, 1461 developers have contributed to Moonriver over the past year. Who are the most active Moonriver developers, by commits, over the past year?
Related Projects
Developers working on Moonriver also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 12,212 |
|---|---|
| Active Reddit Users (past 24h) | 11 |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 19,623 |
| Twitter followers | 119,354 |
-
moonbeam.network/case-studies/n3mus-case-study-onboarding-gamers-to-web3 Official
-
moonbeam.network/case-studies/n3mus-case-study-onboarding-gamers-to-web3 Official
-
moonbeam.network/case-studies/n3mus-case-study-onboarding-gamers-to-web3 Official
-
moonbeam.network/case-studies/colb-case-study-wealth-management Official
-
moonbeam.network/case-studies/colb-case-study-wealth-management Official
-
moonbeam.network/case-studies/colb-case-study-wealth-management Official
-
moonbeam.network/privacy-policy Official
-
moonbeam.network/privacy-policy Official
-
moonbeam.network/privacy-policy Official
-
moonbeam.network/terms-of-use Official
-
moonbeam.network/terms-of-use Official
-
moonbeam.network/terms-of-use Official
-
moonbeam.network/news/permissionless-RWA-on-chain Official
-
moonbeam.network/news/permissionless-RWA-on-chain Official
-
moonbeam.network/news/permissionless-RWA-on-chain Official
-
moonbeam.network/news/november-recap-newsletter Official
-
moonbeam.network/news/november-recap-newsletter Official
-
moonbeam.network/news/november-recap-newsletter Official
-
moonbeam.network/networks Official
-
moonbeam.network/networks Official
-
moonbeam.network/networks Official
-
moonbeam.network/newsletter Official
-
moonbeam.network/newsletter Official
-
moonbeam.network/newsletter Official
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://moonbeam.network/networks/moonriver/ |
|---|---|
| Explorer | https://moonbase.subscan.io/ |
| @MoonriverNW | |
| /r/moonbeam |
What is the correct contract address for Moonriver?
| Meter | 0xb158870beb809ad955bf56065c5c10d7fd957cc0 |
|---|---|
| Moonriver | 0x98878b06940ae243284ca214f92bb71a2b032b8a |
Has Moonriver been audited for security?
No security audits found for this project.
Are you the owner of Moonriver? Edit it here
Subscribe for free
Investment alerts and insights directly in your inbox.
By continuing, you agree to the Stack Terms of Service and Privacy Policy.