Since its launch just three weeks ago, Moonriver, Polkadot’s Ethereum (ETH) blockchain-compatible smart contract platform, has racked up some impressive numbers.
Kusama is a Polkadot powerhouse.
Moonriver has close to 100k wallet addresses on the network, according to Moonbeam, and over 650 ERC20 tokens have been created. There are also DeFi protocols that handle over 100,000 transactions per day.
Moonriver has had five client releases and four runtime updates since its launch in terms of engineering.
Moonriver’s team is currently focusing on security and is hard at work on the first Kusama-native cross-chain integration, which will allow Kusama Relay Chain KSM holders to send KSM to Moonriver.
After security, the Moonriver team’s three guiding design principles are compatibility, interoperability, and decentralization. “We believe that Polkadot/built-in Kusama’s cross-blockchain networking will enable unique scenarios and use cases with a high degree of security,” said Derek Yoo, Moonbeam’s founder.
Developers are eager to build with Moonriver, as evidenced by their RPC servers handling around 2,500 queries per second.
Integrations have begun to be announced in the last week, and we are seeing a wide range of organizations partnering with Moonriver to offer their services through Moonbeam in the future.
Cream Finance will provide decentralized lending and borrowing services, Wanchain will provide non-custodial cross-chain interoperability infrastructure, and Lido, which is currently operating on Ethereum and Terra, will provide liquid staking.
Moonriver was created by the Moonbeam Foundation to be a blockchain environment compatible with Ethereum on the Kusama network, and it is currently pushing the boundaries of all of its features. The possibilities for innovation in the Polkadot/Kusama ecosystems will be limitless if cross-chain and cross-team scenarios become the norm.