The Moonriver is built on Moonbeam, a fully Ethereum-compatible parachain on Kusama. This project helps to create decentralized applications on Polkadot. Thus, Moonbeam apps can also integrate with Bitcoin and Ethereum. According to the last statements, Zenlink is planning to deploy to Moonriver. Zenlink’s ambition is to provide efficient DEX services to the whole Polkadot DeFi ecosystem. The current price of Moonriver is $392.16, declining from its peak of $475.32, in that case losing over 21% during the days. MOVR coin price is currently observing a bearish trend on the daily chart while the market cap is $856,800,495.
In addition, Zenlink is dedicated to building a new generation of cross-chain DEX networks based on Polkadot. So, before I get into further detail on Zenlink, let me first define a few terms. Zenlink is not a DEX by itself but a DEX network. This protocol allows various decentralized exchanges that plan to build based on Polkadot to merge or connect. Separately, last week it was announced that Moonscan would provide statistics and data to users and developers, which will give an idea of the Moonbeam and Moonriver networks. Therefore, this integration allows you to use the most widely used EVM compatible block explorer in Moonriver and Moonbeam.