Price
$0.42
12/7/2022, 12:50:12 AM
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Market

Market stats

Market cap

$195.0M

Volume (24h)

$11.1M

Circulating supply

460.5M GLMR

All time high

$437.07

Price change (1h)

+1.4%

Price change (24h)

+5.16%

Price change (7d)

+17.48%

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Moonbeam is on the rise this week.

The price of Moonbeam has risen by 17.48% in the past 7 days. The price increased by 5.16% in the last 24 hours. In just the past hour, the price grew by 1.40%. The current price is $0.42 per GLMR. Moonbeam is 99.90% below the all time high of $437.07.

The current circulating supply is 460,460,653 GLMR.

About

What Is Moonbeam (GLMR)?

Moonbeam is an Ethereum-compatible parachain on the Polkadot network. Moonbeam makes it easy to build applications on the Polkadot blockchain. The Moonbeam-based applications make token economic models, issuance schedules, governance, or incentivizing nodes secure and easy to execute. The Ethereum compatibility allows developers to leverage existing Solidity smart contracts and dApp frontends to Moonbeam with minimal changes.

Moonbeam aims to be both interoperable and compatible with Ethereum. It combines the best of both, the familiar and easy-to-use tool of Ethereum and the scalable, interoperable architecture of Polkadot.

As per the whitepaper of Moonbeam, the traditional smart contract platforms are designed to service the assets and users on a single, specific chain. Moonbeam provides cross-chain (across blockchains) smart contract functionality that allows developers to shift existing workloads to Moonbeam and enhance the reach of their applications to new users and assets on other chains.

Further, users can leverage Moonbeam’s full connection to the Polkadot Relay Chain, which the Moonbeam economic model pays for on an ongoing basis. Also, this is comparatively less expensive than paying for parachain- or parathread-based access on its own. An even upgrade path from a Moonbeam smart contract or dApp is provided to become a full-parachain or parathread. Parathreadsare like applications that are on disk and can be copied into memory when needed.

Glimmer (GLMR) is the native utility token of Moonbeam. GLMR serves the Polkadot functionalities such as staking and on-chain governance functions. GLMR is also used to pay transaction fees and support network operations. Holders can delegate their tokens to earn GLMR on the Moonbeam dApp.

Additionally, Moonbeam has its own consensus mechanism. The collator node operators that support Moonbeam produce blocks, and these blocks are verified and finalized by validators on the Polkadot relay chain. Bridges are the connection between Ethereum and Moonbeam. One end of the bridge is linked to the Moonbeam consensus mechanism, while the other side is linked to the Moonbeam consensus mechanism. 

History of Moonbeam (GLMR)

Moonbeam launched on January 11, 2022, after completing its three-phase launch process. Moonbeam won the second parachain auction on Polkadot.

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FAQ

What is the current price of Moonbeam?

The price of 1 Moonbeam currently costs $0.42.

What is the market cap of Moonbeam?

The current market cap of Moonbeam is $194.99M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Moonbeam?

The all-time high of Moonbeam is $437.07. This all-time high is highest price paid for Moonbeam since it was launched.

What is the 24 hour trading volume of Moonbeam?

Over the last 24 hours, the trading volume of Moonbeam is $11.09M.

What other assets are similar to Moonbeam?

Assets that have a similar market cap to Moonbeam include Livepeer, Harmony, Chia, and many others. To see a full list, see our comparable market cap assets.

How many Moonbeam are there?

The current circulating supply of Moonbeam is 460 million.