October was a dynamic eventful month for Moonbeam, filled with integrations, community initiatives, and strategic advancements. As we continue to grow, the Foundation’s goal is to strategically expand into four critical areas. These efforts underscore Moonbeam’s commitment to building real-world utility into the network.
Here’s an overview of October biggest highlights:
Messari Report and Moonwell Roundtable: Moonbeam’s Growth Update
October saw the release of Messari’s Q3 2024 reportGo to page [object Object] detailing Moonbeam’s growth metrics and future outlook. With a 26% YoY increase in developers and a 16% QoQ rise in stablecoin supply, the report highlights Moonbeam’s upward trajectory and the expanding reach of our ecosystem.
Moonbeam’s own Luke Youngblood joined the Moonwell roundtable broadcastGo to page [object Object] to share the vision behind our work and discuss how Moonbeam is opening pathways for broader accessibility to on-chain finance. These discussions are part of our ongoing efforts to communicate transparently with our community and share the progress we’re making in expanding Moonbeam’s utility and influence within Web3.
Moonbeam Routed Liquidity: Transforming Cross-Chain Connectivity
In October, we released an in-depth article exploring Moonbeam Routed LiquidityGo to page [object Object] (MRL) and how it stacks up against traditional bridges. MRL is designed to simplify liquidity routing and enhance interoperability, directly aligning with our mission to expand decentralized finance across ecosystems.
The article breaks down how MRL allows assets to move seamlessly across chains in a streamlined, user-friendly process. Parachains can tap into liquidity without the need for complex setups, making cross-chain transactions more accessible than ever.
Since launch, Moonbeam’s MRL has routed over $31 million in total volumeGo to page [object Object] across nearly 2,000 transfers. Check out the full article hereGo to page [object Object].
Governance Guild and Community Empowerment
Moonbeam launched the Moonbeam Governance GuildGo to page [object Object] (MGG), a program designed to distribute governance responsibilities while fostering an engaging community. Through this initiative, Moonbeam has delegated a total of 5 million GLMR and 50,000 MOVR tokens to a team of 10 dedicated community delegates, 5 for Moonbeam and 5 for Moonriver.
The MGG initiative empowers these members to represent community interests in a transparent and accountable governance structure. The program is a significant step towards building a governance framework that is truly community-driven and representative of Moonbeam’s mission.
Proposal 62: Enhancing Liquidity in Moonriver
October also saw the successful passing of Proposal 62Go to page [object Object], a governance initiative aimed at enhancing liquidity in Moonriver’s Sovereign account. This proposal moves 15% of KSM from Kusama to AH-Kusama, allowing easier transfers of xcKSM without needing to pass through the Kusama Relay Chain. It’s a practical step toward simplifying transactions and making liquidity more accessible for our users.
Amber Vittoria’s Mint on Rarible: Worlds of Wonder
NFT enjooyors this one for you! Amber Vittoria’s latest collectionGo to page [object Object] “Worlds of Wonder” went live in October and is available on RaribleGo to page [object Object]. Each piece captures the nuances of emotion, beauty, and nostalgia through abstracted forms and ribbons of color. It’s an inspiring addition to the Moonbeam ecosystem and a celebration of art in Web3.
Moonrise Points Campaign: Winners Announced!
The Moonrise Points campaignGo to page [object Object] saw its winners! Special congratulations to Aleks Smith, who claimed first place with an impressive 1,200 points. Across nearly 1,000 participants, the community accumulated 330,042 Moonrise Points and completed 36,337 on-chain transactions—a true testament to Moonbeam’s vibrant community.
The campaign’s top quests spanned Moonbeam’s DeFi, Gaming, and NFT networks, with highlights including thousands of completions on activities like swaps and liquidity provision on Oku Trade and Beamswap. NFT and gaming challenges took center stage, driven by Moonbeam’s integration with Rarible Marketplace, where participants minted over 300 NFTs.
To thank our community, every participant is receiving a commemorative NFT, created with artist Amber Vittoria. With additional prizes to recognize top participants, the Moonrise Points campaign was truly one for the books with over 10K in rewards distributed to participants. This is just the beginning of many more quests to come!
Onward!
In the past 30 days Moonbeam’s ecosystem strengthened with over $6,000,000 in inflows across several chains. Confidence in Moonbeam keeps increasing and the ecosystem is extremely robust.
October saw great strides in our commitment to creating a connected, interoperable ecosystem that bridges traditional assets with the real world. As we move into November, we will continue to push the boundaries of what can be achieved in Web3.