ChainPort Supports Moonriver as Part of its Growing Ecosystem of Cross-Chain Interoperability


written by Maximiliano Stochyk Duarte/Head of Marketing of ChainPort 
on January 31st.2022 on Medium

Interoperability during 2021 had a significant impact on the crypto ecosystem. With Ethereum becoming more expensive every day, many new projects decided to use many of the fantastic EVM compatible networks, Moonbeam and Moonriver ecosystem a crucial part of all this vast impact.

At ChainPort, our primary goal is to integrate all blockchains within one secure & fast bridge so that users and teams can choose where they want to have their tokens trading while building on the same network or even on other blockchains. For example, We know projects building within the Moonbeam ecosystem but trading on Avalanche and Moonriver. This just works, and that’s the beauty of interoperability.

Moonriver via ChainPort
We’re pleased to announce that Moonriver is fully supported on ChainPort. You can now enjoy moving tokens from Ethereum to Moonriver within 2–5 minutes, and this is what we call full interoperability with stunning speed times.

Something essential to understand is that porting via ChainPort is as easy as connecting any EVM non-custodial wallet like Metamask with the Moonriver RPC enabled. You can port within minutes and ChainPort does not charge any porting fees, only gas fees paid to the blockchain.

What is Moonriver?
Moonriver is a Moonbeam companion that provides a fully incentivized canary network. Usually, developers test and deploy their code within Moonriver with full support for Solidity. Then, after testing it under real economic conditions, they can move the code to Moonbeam under the Polkadot ecosystem.

Moonriver TVL stands at 177M at the time of writing this. This is fantastic news for the Moonriver ecosystem. They will be able to receive tokens from other chains directly with ChainPort, without code, without integration, all within our easy-to-use UI.

Smart Contracts for Kusama, that’s what Moonriver enables in simple words.

Moonriver also has excellent accessibility to all DeFi platforms, including Sushiswap, Solarbeam, Unilend, and more!

About Moonbeam
Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. As a parachain on the Polkadot network, Moonbeam will benefit from the shared security of the Polkadot relay chain and integrations with other chains that are connected to Polkadot. Currently, in active development by PureStake, Moonbeam is expected to reach MainNet by January 2022.

About ChainPort
ChainPort is a next-gen blockchain bridge that provides custodian-level security with real interoperability, allowing instant hops across chains at a click.

ChainPort has been live since July and has already grown to port more than 80 tokens with $400M TVL and an average daily volume of $5M, with a current 30% monthly growth. Position itself as one of the top 5 biggest bridges in the space, and #84 by TVL between all dapps and DeFi’s in the world.

ChainPort offers permissionless ports between chains with a simple UI and 7 wallets already supported. ChainPort is a very fast bridge -12 confirmation on Ethereum, only 2.5 minutes on average!

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