The current price of Moonriver is $12.7070. Since 00:00 UTC, Moonriver has increased by +1.77%. It currently has a circulating supply of 9,348,552 MOVR and a maximum supply of 11,671,412 MOVR, giving it a fully diluted market cap of $118.76M. At present, the Moonriver coin holds the 198 position in market cap rankings. The Moonriver/USD price is updated in real-time.
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Moonriver, the sister network of the Moonbeam network, is a decentralized smart contract platform built as a parachain on Kusama. MOVR is the name and ticker symbol of Moonriver's native token.
The Moonriver network was launched on Kusama in June 2021. Much like the way Kusama acts as a canary network to Polkadot, Moonriver acts as a fully incentivized platform for testing new projects before they are deployed on Moonbeam.
The platform mirrors Ethereum's ecosystem regarding its Web3 RPC, accounts, password systems, subscriptions, documentation, Ethereum wallets, and developer tools. As a result, any Ethereum project can be replicated and deployed on Moonriver with low gas fees and at a faster speed.
Moonriver and Moonbeam try to maintain the same level of decentralization and security as their respective relay chains, Polkadot and Kusama. Moonriver has over 900 validators on its network and is the most active DeFi ecosystem on the Kusama mainnet. In addition, Moonriver and Moonbeam also have an emerging DeFi ecosystem with DEXs, lending and borrowing protocols, automated market makers (AMMs), staking protocols, launchpad, and more.
The primary use case of Moonriver is incentivizing collators and participants who run the core decentralized node infrastructure for smart contract execution. The platform also adopted a fully decentralized governance system from the beginning, where token holders use MOVR to govern the platform by proposing updates, electing council members, and voting on proposals.
MOVR price and tokenomics
The total supply of MOVR was 10 million at launch. The maximum supply is uncapped, with an annual inflation rate of 5 percent. The token inflation pays for network functions, including incentivizing collators, paying for the parachain slot on its relay chain, and rewarding token stakers.
In August 2021, 30 percent of MOVR tokens were distributed back to participants in the MOVR parachain auction on Kusama. The remaining 70 percent was reserved for developers, community initiatives, and other essential teams.
80 percent of the fees accrued from transactions and smart contract executions on the platform are burned, which creates a temporary deflation that affects MOVR's price. The other 20 percent is transferred to the treasury for community-voted projects.
About the founders
The Moonbeam Foundation financially backs both Moonbeam and Moonriver. Derek Yoo, an alumnus of the University of Pennsylvania, is the founder and CEO of these networks. Stefan Mehlhorn, the COO of both networks, has also founded two companies, Collego and Permessa. Alan Sapede, who has prior experience at companies like Google, Fuze, and Live Minutes, handles blockchain engineering.
All three team members have worked in the same roles for Pure Stake, an IT service body that also develops and powers Moonbeam.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 784 new posts about Moonriver, driven by 98 contributors, and total online engagement reached 181K social interactions. The sentiment score for Moonriver currently stands at 61%. Compared to all cryptocurrencies, post volume for Moonriver currently ranks at 2981. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Moonriver.
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Posts
784
Contributors
98
Interactions
181,123
Sentiment
61%
Volume rank
#2981
X
Posts
678
Interactions
81,226
Sentiment
69%
MOVR FAQ
How much is Moonriver worth today?
Currently, one Moonriver is worth $12.7070. For answers and insight into Moonriver's price action, you're in the right place. Explore the latest Moonriver charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Moonriver, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Moonriver have been created as well.
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