Moonbeam (GLMR) launch brings EVM interoperability closer to the Polkadot network By Cointelegraph

Cross-chain compatibility with the (ETH) network has become a necessary component for any layer-one protocol looking to remain relevant because a majority of projects and funds locked in smart contracts are found on the top-ranked smart contract platform.

After years of development and promises of interoperability, the network moved toward its first Ethereum virtual machine (EVM) compatible smart contract protocol with the launch of Moonbeam (GLMR). The platform is designed to make it easy to use Ethereum developer tools to build or re-deploy Solidity projects in a Substrate-based environment.

GLMR/USDT 1-hour chart. Source: TradingView
Total value locked on Moonbeam. Source: Defi Llama