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Moonriver Price

(MOVR)

$1.3311
0.00%(5m)

1m5m15m1h8h1d1W
Moonriver (MOVR) Live Price Chart

    Moonriver Live Price Data

    The live price of Moonriver is 1.3311, with a total trading volume of 3787.116 in the last 24 hours. The price of Moonriver changed by +0.39% in the past day, and its value has decreased by -2.14% over the last week. With a circulating supply of 12,477,913 MOVR, the market cap of Moonriver is currently 16588602.59349490505656880000 , marking a +0.39% increase today. Moonriver currently ranks #780 in market cap.

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    Note: This data is for reference only.
    pk

    MOVR(MOVR) Profile

    altRank780
    rate--
    Expand
    $1.2877
    $1.3451

    ATH
    $495.71386403
    Price Change (1h)
    +0.77%
    Price Change (24h)
    +0.39%
    Price Change (7d)
    -2.14%
    Market Cap
    24h Volume
    Circulating Supply
    12,477,913
    Max Supply
    10,940,950

    About Moonriver

    • What is Moonriver (MOVR)?

      Moonriver is a community-led parachain with support for Solidity smart contracts running on Kusama, Polkadot’s sister chain. It is a companion network to decentralized smart contract platform Moonbeam, which runs on the Polkadot network as a parachain.

      The Moonriver ecosystem provides a convenient platform for smart contract execution and decentralized applications (dApps) developed on Solidity to be deployed on Kusama for testing and verifying under actual economic conditions. Once the developers are satisfied with how their dApps operate, they can migrate them easily to Moonbeam on Polkadot.

      Moonriver offers a test environment for developers seeking the versatility of Ethereum for development but with the added efficiencies of the Polkadot ecosystem. They can create dApps using Solidity - the most popular programming language for smart contracts and Ethereum-based dApps.

      They can then deploy these dApps on Kusama’s parachain Moonriver and test them out, modifying the code until all issues are resolved. Once the dApp is ready for launch, they can migrate the dApp from Moonriver to the Moonbeam parachain on Polkadot.

      MOVR is the native cryptocurrency of Moonriver and serves as the utility token of the network. It is used for paying transaction fees when executing smart contracts and communicating with dApps, incentivizes validators, and enables the network's on-chain governance mechanism.

    • What Does Moonriver Do?

      Moonriver provides a test environment for dApp developers who wish to deploy their projects on the highly scalable Polkadot network but wish to work out all the kinks before their release. Developers can deploy existing Solidity smart contracts and Vyper-based smart contracts on the Moonriver Network to test them under real-world economic conditions before deploying them with minimal changes on Polkadot’s parachain, Moonbeam.

      Moonriver is the companion network to Moonbeam and operates on Polkadot’s permanently incentivized canary network Kusama. With Moonriver, developers now have access to hasten their launch and access to the more scalable Polkadot network. They also have a way to ensure that their projects are designed to be robust and optimize performance through rigorous testing.

      The community-led experiment runs as a parachain connected to the Kusama relay chain and has 64 active collators. Infrastructure providers offer API endpoints on Moonriver to connect to their own networks. dApp projects that run their own nodes on Moonriver can also enjoy access to private endpoints on the network.

      The Moonriver Network supports two public endpoints that users can connect to, one for HTTPS and another for WSS. It uses a delegated proof of stake (DPoS) consensus mechanism for block production and validation of transactions.

    • History of Moonriver and MOVR Token

      Moonriver first launched as a parachain on the Kusama canary network in June 2021. The launch resulted from the project winning a slot in the parachain auction.

      The Moonriver team raised around $45 million in KSM from around 6,000 contributors to win a slot in the auction. In August 2021, the full launch of Moonriver was accomplished.

      This update enabled balance transfers and EVM-compatible smart contract support, allowing collators to stake tokens. In addition, following the full launch, dApps could be deployed on the network. Moonriver could also start supporting token transfers after this stage.

      Moonriver also started distributing rewards to early investors in the project who helped with the fundraising efforts and made it possible for the project to place a bid in Kusama’s parachain auction. Over time, the network started supporting cross-chain communication and inoperability with other blockchain ecosystems. In June 2022, Moonriver integrated Chainlink Price Feeds to supply off-chain data accurately to its ecosystem.

    FAQ

    • How much is 1 Moonriver (MOVR) worth?

    • Is Moonriver (MOVR) a Good Investment?

    • What is MOVR Token Used For?

    • How to Add Moonriver to MetaMask

    • How to Bridge to Moonriver

    • How to Stake Moonriver (MOVR)

    • What is the all-time high price of Moonriver (MOVR)?

    • What is the all-time low price of Moonriver (MOVR)?

    • How much Moonriver (MOVR) is there in circulation?

    • How do I store Moonriver (MOVR)?