Polkadot’s Moonbeam Shares First Statistics: 3+ Million Transactions, 200K+ Wallets, What Else?

Polkadot

Meet Moonbeam Network, an EVM-compatible smart contracts platform on Polkadot

Moonbeam Network, the first-ever smart contract platform for dApps on the Polkadot (DOT) cross-network ecosystem, is now two months old. Its engineers shared a recap of the first milestones reached.

200K wallets, 3 million transactions, $225 million in GLMR staked: First 60 days of Moonbeam

Since its launch that made headlines on Jan. 11, 2022, Moonbeam Network smashed through a number of important milestones in terms of technical development and adoption of its solutions.

The Moonbeam team estimates that its instruments have so far processed more than three million transactions authorized by 200,000 active accounts.

Moonbeam’s enthusiasts locked 92 million GLMR tokens into its staking module. At current prices, this sum is equal to $225.4 million.

More than 30 projects have already been integrated into Moonbeam. New teams are rolling out their apps to Moonbeam continuously.

As covered by U.Today previously, Moonbeam Network is designed to make Polkadot’s parachain ecosystem suitable for dApps onboarding.

EIP-1559 is live on Moonbeam and Moonriver

It was launched on the mainnet in early January 2022: its token, GLMR, immediately exploded on exchanges to reach an ATH above $437 for one token.

The protocol secured seed funding from the VC arms of Binance and Coinbase heavyweight CEXes.

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

Moonbeam’s progress turns Polkadot into a one-stop platform for dApps: for instance, it fuels BeamSwap, a pioneering DeFi hub on Substrate.

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