Moonriver Exceeds Eight Million Transactions On Its Network

Moonriver, an Ethereum-compatible parachain running on the Kusama Network, reached an important milestone this week exceeding eight million transactions on its network.

Moonriver, which is a canary-test network for the Moonbeam protocol, become the leading parachain in Kusama after it reached eight million transactions on its network.

The platform took it to Twitter to announce the news of the multi-million transaction count on November 10.

Moonriver has secured a parachain slot for 2022 with over 60 live integrations, 173,000 wallets, and 2,000 ERC-20 tokens supported, making it one of the many successful parachains on Kusama.

Kusama – a sister network of Polkadot – soared 15% to a new all-time high following the high expectations for parachain auctions, which allow developers to register their parachains and seek crowd loan funding.

Moonriver is a canary-test network of Moonbeam, meaning it’s a small version of the original Moonbeam code used to test and carry out new features for a subset of voluntary users. 

At the time of this writing, Moonbeam sits at the number two spot of Top Five Crowd Loans on Polkadot’s first parachain auction and has raised upwards of $1 billion through its crowd loan.

Currently Moonriver (MOVR) trades at $353, according to CoinMarketCap.