Moonriver Logo

Moonriver MOVR

Moonriver header image

1. Summary

Invest with caution

  • 60% of the Moonriver code repositories are forked (originally copied) from another project.
Fundamental Rank
Developer Rank
Social Rank
Coinrank
Price
$362.57 -3.4%
Market Cap
$869.36M (#127)
Supply
2.42M / 10.17M
Price
52W High price $454.51
52W High date 15th Sep 2021 (2 months ago)
All Time High (ATH) Date 11th Sep 2021 (2 months ago)
ATH Price $494.00
% From ATH -27%
All Time Low (ATL) Date 27th Aug 2021 (3 months ago)
ATL Price $59.00
% From ATL 504%
Supply & Trading Volume
Volume (24h) 57.76M
Total Supply 10.17M
Max Supply 10.17M
Circulating Supply 2.42M
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.

2. Price

$MOVR / USD

2.1. Market Performance

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

30 Day Return

-12.4%

MOVR

1.1%

Similar Market Cap

60 Day Return

20.0%

MOVR

23.1%

Similar Market Cap

3. Developer Activity

We're monitoring 84 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: 396 commits vs. an average of 33
  • Past 12 weeks: 1,517 commits vs. an average of 129
  • Past year: 13,128 commits vs. an average of 890

Most Active Repos

Past week 95
Past 12 weeks 562
Past year 3165
Past week 40
Past 12 weeks 217
Past year 1136
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
4. Social Activity
Reddit Subscribers 6,104
Active Reddit Users (past 24h) 33
Telegram Users 36,000
Twitter followers 73,993
5. News
6. 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
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