Data Sources:

Data Sources:Footprint Analytics Moonriver Dashboard

Polkadot, founded in 2015, sparked heated discussions again this year due to the auction of parachain slots. Footprint Analytics"Footprint: How is the ecology of Polkadot since its establishment?"After an in-depth analysis of Polkadot's ecology, and an introduction to Kusama and Acala, this article will continue to interpret another ecological project on Polkadot, Moonriver.

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Footprint Analytics：Moonriver TVL

Moonbeam and Pioneer Network Moonriver

Moonriver is the pioneer network of Moonbeam developed by the PureStake team. Moonbeam wants to build a smart contract platform compatible with EVM, so that developers can better deploy smart contracts and DApp front-ends on Ethereum to the Polkadot ecosystem at the lowest cost At the same time, it can also establish connections with other chains on Polkadot.

Moonriver is connected to Kusama's relay chain, and Moonbeam is connected to Polkadot's relay chain. The relationship between Moonriver and Moonbeam is similar to that between Acala and Karura. In the Polkadot ecosystem, Kusama is Polkadot's first network, which is a test network before going online. Kusama is mainly to test in advance as close as possible to the real environment of Polkadot, so as to ensure the security of the network.

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Advantages of Moonriver

In order to promote ecological development, the Moonriver chain has the following friendly ecology for developers and users:

• Compatible with EVM. To the greatest extent, the habits of developers and users on Ethereum are respected, so that projects on Ethereum can be deployed on Moonriver without rewriting contracts or configurations.

• Compatible with Web3. Let the mainstream tools of Ethereum (such as MetaMask, etc.) be linked to the Web3 RPC terminal, and can be used on Moonriver.

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Token MOVR

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Footprint Analytics：MOVR price

Moonriver pays more attention to communityization, and MOVR also has governance functions. Its main functions are:

• Gas fee metering: users need to use MOVR to pay when executing smart contracts

• Protocol Security: Use MOVR to motivate users to pledge MOV to become validators and participate in network consensus

• On-chain governance: MOVR holders can implement on-chain governance functions by nominating council members for proposals, committee member elections, voting, etc.

• Online transactions: Use MOVR to pay when conducting transactions on the Internet. Users can also use MOVR to trade with other tokens, and even provide liquidity in DEX to earn handling fees

The allocation method of MOVR is relatively radical. Neither the investors nor the team of Moonriver will be allocated tokens, and most of them will be allocated to the community. In order to compete for slots, Moonriver provides 30% of the initial supply of MOVR as a contributor to the distribution of Kusama crowdfunding loan rewards, and most of the tokens will be transferred to the community within one year of launch.

Moonriver believes that the initial distribution plan will have a profound impact on the subsequent development of the entire network, so a fairer and broader initial distribution plan will be carried out. The initial total amount of MOVR is 10 million. Except for the above 30% which will be allocated to the contributors of crowdlending, the rest will be distributed according to:

• 40% will be reserved for future auctions on Kusama parachain slots and community activities (such as liquidity rewards, strategic cooperation rewards, etc.)

• 24.5% for long-term network maintenance, ecological development and other opportunities

• 4.5% is dedicated to the developer support plan to help the project land quickly

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Footprint Analytics：MOVR Allocation Mechanism

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Moonriver's DeFi ecosystem

From the data currently collected by Footprint Analytics, it can be seen that compared with other leading public chains in the DeFi ecosystem, there are moreDEXimage description

Footprint Analytics：Moonriver's various TVL ratios

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Footprint Analytics：epilogue

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public chainpublic chainThere is still a place in the competition, especially the price of the token MOVR on the chain is more than that of many popular public chains. At present, Moonriver's DeFi ecosystem is still dominated by DEX. Given its good compatibility with EVM, when more Lending projects are introduced, it may drive a more obvious round of growth in its TVL.

Cross-chain bridgeCross-chain bridgeAbout Footprint Analytics:

The above content is only a personal opinion, for reference and communication only, and does not constitute investment advice. If there are obvious understanding or data errors, feedback is welcome.

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