- Moonbeam has seen its price rise by 16% in the previous week.
- Moonbeam provides integration between Parachains and other chains.
On Polkadot, Moonbeam is an Ethereum-compatible parachain for smart contracts. Moonbeam makes it simple to use popular Ethereum developer tools to build or re-deploy Solidity projects in a Substrate-based environment.
More than merely an EVM implementation, Moonbeam is a parachain that replicates Ethereum’s Web3 RPC, accounts, keys and subscriptions, as well as log data. On-chain governance, staking, and cross-chain integrations are part of the Moonbeam platform’s standard feature set.
Data integrity SaaS provider Authtrail based on the Moonbeam network has announced its first invitation-only community round token event to increase platform adoption. In the words of the Authtrail team, this community round provides a chance for investors and contributors to buy the platform’s $AUT token at a cheaper price than the future public crowd sale.
Migration Across Chains
Through bridges, Moonbeam provides connectivity and integration between Parachains and other chains like Ethereum or Bitcoin. In addition to the Substrate, Moonbeam provides an Ethereum-like environment. Because of this, developers can reuse their existing smart contracts while also benefiting from the modern Substrate framework, which is the foundation for all Polkadot parachains.
Moonbeam makes it easy for developers to migrate current Ethereum Dapps to Polkadot or construct new permissionless decentralized applications (Dapps) using familiar Ethereum tools. Moonbeam’s tools guarantee that front-end Dapps be migrated across chains with minimum alteration.
The crypto market is doing well despite recent global tensions. Most coins have recovered from the drop and are currently trading in the green again. Moonbeam, for example, has seen its price rise by 16% in the previous week and 11% in the last 24 hours. According to CoinMarketCap, the Moonbeam price today is $2.81 USD with a 24-hour trading volume of $161,724,655 USD.
