200,000 wallets, 3 million transactions, $225 million in Moonbeam Network (GLMR) staked

Moonbeam Network, an EVM-compatible smart contracts platform on Polkadot. The first-ever smart contracts platform for dApps on Polkadot’s (DOT) cross-network ecosystem is now two months old. Its engineers shared a summary of the first significant milestones achieved.

Polkadot’s Moonbeam Network shares first statistics: 3+ million transactions, 200K+ wallets

Since its great launch on January 11, 2022, Moonbeam Network has passed several milestones in the technical development and adoption of its solutions.

Moonbeam enthusiasts have locked 92 million GLMR tokens into its staking module. At current prices, this equates to $225.4 million. Moonbeam’s team estimates that their tools have processed more than three million transactions authorized by 200,000 active accounts to date.

More than 30 projects have been integrated with Moonbeam. New teams deploy their apps to Moonbeam continuously. They are designed to make Polkadot’s parachain ecosystem suitable for the introduction of dApps.

It was launched on the mainnet in early January 2022: its token, GLMR, immediately skyrocketed on exchanges to ATH over $437 for a single token. The protocol secures funding from Binance’s VC forks and Coinbase heavyweight CEXes.

One killing feature of Moonbeam is its 360° compatibility with the largest smart contract platform, Ethereum (ETH). To ensure seamless compatibility with Ethereum, Moonbeam engineers have added support for the EIP-1559 mechanism and Scaffold-ETH toolkit for Solidity developers.

Moonbeam’s development turns Polkadot into a one-stop platform for dApps: it powers BeamSwap, for example, a pioneer DeFi hub on Substrate.

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