Moonbeam is a EVM compatible smart contract platform on polkadot ecosystem. By the nature of XCM tech, polkadot is not directly competing with other layer 1 alternative, thus the EVM compatible project-Moonbeam is more like infrastructure for different projects, as moonbeam is the most active parachain on polkadot that will serve as a onramp for developers and end users to the polkadot and has massive potential.

From Moonbase testnet to Moonriver (Kusama) and now finally the polkadot main net, Moonbeam has a very smooth adoption curve, enabling different existing projects to test out and make adjustment for main net deployment; on the other hand, moonbeam also held hackathon to attract new native projects to develop on moonbeam, thus we could expect a rich and diverse ecosystem on Moonbeam in the near future.

As of today, Ethereum remains to be the public chain that holds highest transaction volume, tvl as well as the biggest group of developer. Though Wasm and rust is increasingly gaining attention, it’s still undeniable that the biggest innovation of application still happens on Ethereum with its most mature ecosystem and bottom up feature.

Moonbeam enable existing projects as well as new projects to embrace the existing mature Ethereum ecosystem. With meter passport bridge, synapse, connext, multichain(previously any swap) as well as many other bridge support in the future, moonbeam can help polkadot becoming a hub for cross chain routing as well as cross chain deployment with intergraded liquidity. As the polkadot realize its vision step by step, more and more eth native dapp could be using moonbeam to achieve cross chain deployment.

Past 4 month’s testrun on Kusama has already proved the success and the value of moonbeam. Up till the end of last year, Moonriver was the most active parachain on Kusama, with over 75 live integrations, 14.5M+ network transactions, 380k+ wallets, 1M+ MOVR locked in collator staking and 3k+ ERC-20 tokens created, not to mention big cex like binance had listed MOVR token. It is expected that the consensus will pass on to the moonbeam network and continue this huge success.

Personally, we like purestake team a lot. Derek definitely among one of the top tier CEO, and the whole team has strong execution power. With past entrepreneurial experience in the web 2.0 world, Purestake is composed of a team who has combined efficient entrepreneur management and web 3.0 vision . We expect to grow and innovate together with the team and participate in the future success of moonbeam network