- #6152
Wrapped Moonbeam WGLMR
WGLMR Price
Market Cap
--Rank #6152FDV
$0.00Rank #11579Investors
Twitter Followers
Twitter Performance
1058Rank by Twitter #934- 0
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Detailed Performance
WGLMR shows Bearish signs against top cryptocurrencies, leading categories and blockchains over various time periods
WGLMR to USD Converter
Price History
- All-Time High
- $5.9122.55x to ATH
- All-Time Low
- $0.16031.64x to ATL
- Trade Launch Date
- 17 Feb, 2022
823 days ago
About WGLMR
Wrapped Moonbeam refers to a tokenized representation of Moonbeam's native asset, typically referred to as MOVR. It is created on a different blockchain, such as Ethereum, using a process called wrapping. This allows MOVR to be used and traded on other blockchains that do not natively support Moonbeam. Wrapped Moonbeam tokens can be exchanged for the underlying MOVR tokens on a one-to-one basis, providing liquidity and interoperability between different blockchain ecosystems.
What makes Wrapped Moonbeam unique?
Wrapped Moonbeam (WMOVR) is unique in the sense that it is an ERC-20 version of the Moonbeam native token, MOVR. This allows for seamless integration and compatibility with Ethereum-based smart contracts and decentralized applications (DApps).
One advantage of Wrapped Moonbeam is its ability to maintain existing deployments on other chains, which can be connected via bridges. This enables the movement of wrapped tokens between Moonbeam and other parachains through these bridges. Multiple bridges are currently being developed to facilitate this interoperability.
Another unique aspect of Moonbeam is its complete Ethereum compatibility. It functions as a full Ethereum-like environment, supporting industry-standard Ethereum tools, DApps, and protocols. However, being based on Substrate technology, Moonbeam also benefits from Substrate-specific features such as on-chain governance and staking.
Additionally, as a parachain on the Polkadot network, Moonbeam enjoys shared security through Polkadot's network validators. This means that transactions on any parachain connected to Polkadot are finalized by the same set of validators, enhancing security and reliability.
In summary, Wrapped Moonbeam offers the convenience of Ethereum compatibility, seamless integration with other chains through bridges, and the security benefits of being a parachain on Polkadot.
Live Wrapped Moonbeam Price Data
The current price of Wrapped Moonbeam (WGLMR) is approximately $0.2621, reflecting a decrease of -2.70% in the last 24 hours. The WGLMR trading volume in the last 24 hours stands at $304,616.00.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Wrapped Moonbeam's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on WGLMR, check out our crypto insights page.
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WGLMR to USD Converter
Price History
- All-Time High
- $5.9122.55x to ATH
- All-Time Low
- $0.16031.64x to ATL
- Trade Launch Date
- 17 Feb, 2022
823 days ago