DeFi aggregator Zapper adds support for Polkadot’s Moonbeam parachain

DeFi aggregator and portfolio management tool Zapper has added support for Moonbeam Network as it seeks to expand its offerings within the Polkadot ecosystem. 

Zapper lets users track the wallet activity of their favorite collectors, adding a social element to the typically information-heavy process of monitoring on-chain data. In addition, the platform enables users to manage and farm yields from various DeFi projects.

By integrating Moonbeam, Zapper broadens its reach to the Polkadot ecosystem, making it easier for users to interact with cross-chain assets and applications.

The move comes shortly after Zapper created indexing templates to simplify the process of indexing on-chain data and help users understand blockchain data without advanced coding skills. The integration also allows them to manage assets on Moonbeam through Zapper's unified interface.

Founded in 2020, Zapper raised $15 million in its Series A round, led by Framework Ventures, Mark Cuban and Ashton Kutcher’s Sound Ventures. 

Moonbeam is an Ethereum-compatible smart contract platform that offers an EVM implementation and a Web3-compatible API. This compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal modifications. It also improves interoperability between Polkadot, Ethereum , Cosmos, and other blockchains.

As a parachain on the Polkadot network, Moonbeam benefits from the shared security of the Polkadot relay chain and can integrate with other chains connected to Polkadot.

Moonbeam's cross-chain messaging features provide developers with the tools to create decentralized applications (dApps) that can interact across multiple networks.

The firm behind the Moonbeam protocol is PureStake, a development team that also built developer tools for Algorand and operates Polkadot validators. PureStake started working on Moonbeam in early 2020, and the network is also supported by the Moonbeam Foundation.

Currently, there are three networks in the Moonbeam ecosystem. Moonbeam serves as the EVM-compatible parachain within Polkadot, while its sister network, Moonriver, launched as a parachain on Kusama in June 2021. 

Moonbeam and Moonriver have nearly identical technology, with Moonriver often receiving new features first before they are deployed on Moonbeam. Both networks share a testnet called Moonrock.

Source: Investing.com