Moonbeam (GLMR) price has risen 9% in the last 24 hours

As a result of this expansion, a number of initiatives based on Polkadot (DOT) cross-chain interoperability the protocol has witnessed considerable price increases. Moonbeam (GLMR) is a smart contract platform that runs as a Polkadot parallel chain and is compatible with the Ether Virtual Machine (EVM).

Over 100% growth

Project features include staking, on-chain governance and cross-chain linking, among others. Nearly $900 million in DOT tokens were lent to Moonbeam during the crowdfunding campaign. Moonbeam's price rose over 100% in the previous week, from $2.97 to $5.94. After the correction, GLMR19 is currently trading on the 8th.

Moonbeam's Ether-compatible smart contract platform Moonriver (MVR) is also gaining traction. The project aims to make it easier for developers to build or restart programs based on the Solidity programming language using the Ether Virtual Machine (EVM) to simply convert their projects to Moonriver.