Moonbeam Network
also invests · investor profileFounded 2020 · 46 employees on LinkedIn · 18 known investors
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Moonbeam is an EVM-compatible Layer 1 parachain built on the Polkadot SDK that lets developers build decentralized applications operating across multiple blockchain networks. It provides cross-chain tooling (XCM, xc20, MRL, XCM SDK) and integrations for web3 builders, with an ecosystem of over 300 deployed applications.
Also known as Moonbeam Foundation · Moonbeam Network
Founders & leadership
Moonbeam Network was founded in 2020 by Derek Yoo.
Investors · 18
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Company profile
researched Aug 2026Moonbeam is an Ethereum-compatible smart contract platform implemented as a parachain on Polkadot and built with the Polkadot SDK/Substrate framework [2]. It positions itself as a cross-chain connected environment for Web3 applications spanning real-world assets (RWAs), gaming, DeFi and other emerging categories, and advertises connectivity across more than 100 blockchains [0][1]. The network operates alongside Moonriver, a companion network on Kusama, and Moonbase Alpha, a public testnet; documentation covers RPC/WSS endpoints, MetaMask connection and block explorers for each [4][2].
Technically, Moonbeam provides full EVM compatibility and Solidity support so that existing Ethereum contracts can be deployed with minimal changes, adopts Ethereum's H160 account format through a "Unified Accounts" design so a single private key works across Ethereum and Moonbeam, and supports mainstream Ethereum tooling such as Truffle, Remix, Hardhat, Waffle and Scaffold-eth via a set of Web3 RPCs [3]. The team worked with Parity on the Frontier pallet that brings EVM compatibility to the wider Polkadot ecosystem, and introduced XC-20s, a token standard that is simultaneously ERC-20-conformant and a Substrate-native asset, enabling assets such as xcDOT, xcKSM, xcRMRK and xcKINT to move between parachains and Moonbeam's EVM via XCM [3].
In 2026 the project announced a strategic change of direction: on 2026-07-03 it said it would migrate the GLMR token to Base and launch a new Moonbeam Protocol described as a decentralized AI agent communication and settlement network, followed on 2026-07-07 by an equivalent 1:1 migration announcement for Moonriver's MOVR token, with a bridge deadline of 2026-07-31 [0][1]. Third-party coverage reports that the Moonbeam parachain itself will cease operations on 2026-07-31 and that users must move assets off the chain before then [5][6][7].
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Related companies · 10
Companies working in the same space as Moonbeam Network.
Timeline · 7
launches, deals, and filingsWormhole announced that the Moonbeam network will shut down on July 31, 2026; parachain operations are retained during a transition period, after which Portal and Wormhole contributors cannot help recover assets left on the chain. Users of Moonwell, Wormhole and other protocols were urged to withdraw assets, and the GLMR-to-Base migration bridge is expected to close on the same date.
Company announcement of a full 1:1 migration of the MOVR token from Moonriver, its Kusama canary network, to Base; the bridge opened immediately and holders were told to act before July 31, 2026.
Company announcement stating the full migration of the GLMR token to Base and the upcoming launch of the new Moonbeam Protocol, a decentralized AI agent communication and settlement network, after years of building on Polkadot.
Lending protocol Moonwell, which operated on Moonbeam, moved its governance to Ethereum mainnet; it had earlier deprecated its Moonriver deployment on 2026-01-29.
Company post 'Moonbeam Roadmap 2026: Scaling for the Next Generation' describes Moonbeam's role within the Polkadot ecosystem as the most Ethereum-compatible environment and a gateway for cross-chain liquidity, applications and users.
Governance proposal MIP-M45 aims to stop all new supply and borrowing activity on Moonbeam and withdraw reserves ahead of the network's closure; affected assets include GLMR, xcDOT, USDC, FRAX and ETH, with no automatic migration for open positions.
Reported that Moonbeam was the first parachain on Polkadot to support full Ethereum-compatible smart contracts, having launched on January 11, 2022.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- Moonbeammoonbeam.network · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Moonbeam Network do?
- Ethereum-compatible cross-chain smart contract network, built as a Polkadot parachain, now migrating its tokens to Base.
- Who founded Moonbeam Network?
- Moonbeam Network was founded by Derek Yoo in 2020.
- Who are Moonbeam Network's investors?
- Moonbeam Network's investors include Arrington Capital, Aweh Ventures, Coinbase Ventures, CoinFund, Crypto Discover, Cryptonite Capital, D1 Ventures, Digital Finance Group and 10 more.














