Moonriver Logo

Moonriver MOVR

Moonriver header image

1. Summary

Ranks

Liquidity
Developer
Social
Momentum (beta)
Stack Rank™
Price
$10.38 -2.3%
Market Cap
$56.23M (#337)
Supply
5.26M / 10.47M
Price
52W High price $454.51
52W High date 15th Sep 2021 (1 year ago)
All Time High (ATH) Date 11th Sep 2021 (1 year ago)
ATH Price $494.26
% From ATH -97.52%
All Time Low (ATL) Date 18th Jun 2022 (3 months ago)
ATL Price $9.88
% From ATL 23.91%
Supply & Trading Volume
Trading Volume (24h) $3.48M
Total Supply 10.47M
Max Supply 10.47M
Circulating Supply 5.26M
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.

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2. Price

MOVR/USD

2.1. Market Performance

How does Moonriver's (MOVR) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-28.8%

MOVR

11.8%

Similar Market Cap

60 Day Return

-2.2%

MOVR

1.5%

Similar Market Cap

1 Year Return

-97.2%

MOVR

-76.8%

Similar Market Cap

3. Developer Activity

We're monitoring 96 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

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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 0
Past 12 weeks 113
Past year 684
Past week 0
Past 12 weeks 0
Past year 674
Past week 60
Past 12 weeks 179
Past year 604
Past week 55
Past 12 weeks 165
Past year 525

Top Developers 2022

In total, 0IIg0 (Upgrade to view) 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.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 11,297
Active Reddit Users (past 24h) 30
Discord users
Active Discord Users
Telegram Users 35,086
Twitter followers 125,905
5. News
7. More Information

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/
Twitter @MoonriverNW
reddit /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

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