Exploring Moonbeam – Why Build on Moonbeam?

In right this moment’s tutorial, we’ll discover Moonbeam and the community’s advantages to elucidate why you would possibly wish to construct on the chain. Together with this, we’ll additionally introduce you to Moralis – the {industry}’s main crypto information supplier. With our top-tier RPC nodes and APIs, you may fetch and combine on-chain information from Moonbeam into your Web3 initiatives with out breaking a sweat. Should you’re desirous to learn the way this works, try the instance beneath, which highlights how straightforward it’s to fetch token costs with Moralis: 

import fetch from 'node-fetch';

const choices = {
  methodology: 'GET',
  headers: {
    settle for: 'utility/json',
    'X-API-Key': 'YOUR_API_KEY'
  },
};

fetch(' choices)
 .then(response => response.json())
 .then(response => console.log(response))
 .catch(err => console.error(err));

In return for calling the script above, you’ll get the worth of the required token denominated in each the chain’s native foreign money and USD. Right here’s an instance of what it’d seem like: 

{
  tokenName: 'Wrapped BTC',
  tokenSymbol: 'WBTC',
  tokenLogo: null,
  tokenDecimals: '8',
  nativePrice: {
    worth: '361716720517110579889317',
    decimals: 18,
    identify: 'Moonbeam',
    image: 'GLMR',
    tackle: '0xacc15dc74880c9944775448304b263d191c6077f'
  },
  usdPrice: 57333.47928669679,
  usdPriceFormatted: '57333.479286696792189825',
  exchangeName: 'StellaSwap',
  exchangeAddress: '0x68A384D826D3678f78BB9FB1533c7E9577dACc0E',
  tokenAddress: '0xe57ebd2d67b462e9926e04a8e33f01cd0d64346d',
  priceLastChangedAtBlock: '7395637',
  blockTimestamp: '1725934212000',
  possibleSpam: false,
  verifiedContract: false,
  pairAddress: '0xf8f5e8b9ee84664695b14862212d8092e16331f6',
  pairTotalLiquidityUsd: '6512.06',
  '24hrPercentChange': '4.2813011084629755',
  securityScore: 64
}

That’s it; fetching on-chain information from Moonbeam doesn’t need to be tougher than this. For a extra in-depth tutorial and additional perception into our growth instruments, be part of us on this article as we lay all of it out for you. 

Prepared to right away begin utilizing our APIs and RPC nodes? Join free with Moralis! 

Overview

Ethereum has been essentially the most distinguished blockchain for decentralized utility (dapp) growth for some time; nonetheless, the community has been fighting excessive transaction charges, making it economically unviable for a lot of to work together with the chain. This has opened the house for various networks, and an important instance that’s been gaining reputation is Moonbeam.

However what’s Moonbeam? How does it work? And why must you construct on the Moonbeam community? Should you’re on the lookout for the solutions to those questions, then you definitely’ll positively wish to be part of us on this article. Let’s dive straight in!

What’s Moonbeam? And Why Build on the Moonbeam Community?

Moonbeam launched again in December 2021 as a delegated proof-of-stake (DPoS) EVM-compatible parachain, combining the ability of Polkadot and Ethereum to seamlessly combine Solidity good contracts into the ecosystem. This lets you seamlessly create cross-chain dapps that leverage distinctive belongings and performance from a number of networks concurrently!

Why Build on Moonbeam?

There are a number of the explanation why it’s best to construct on Moonbeam. Listed below are 4 key advantages of the community:

• Value-Efficient & Excessive-Efficiency: The Moonbeam community is optimized for cost-efficiency and excessive efficiency. That is potential as a result of the chain combines Polkadot’s scalability capabilities with low fuel charges, making Moonbeam a extra economically pleasant various to networks like Ethereum.

• Seamless Developer Expertise: As an EVM chain, Moonbeam is extremely suitable with Ethereum instruments, making the change from Ethereum to the Polkadot ecosystem a breeze. Instruments you should use embrace MetaMask, Remix, Truffle, and extra.

• Multi-Chain Capabilities: Since Moonbeam is a parachain, it facilitates seamless cross-chain communication inside Polkadot’s ecosystem, extending the performance and attain of your Web3 initiatives.

• EVM & Polkadot Compatibility: With EVM and Polkadot compatibility, you may seamlessly migrate and deploy present Ethereum initiatives on Polkadot with out important code adjustments.

That provides you an summary of why it’s best to construct on Moonbeam. Let’s now dive a bit deeper into the Moonbeam ecosystem!

Exploring the Moonbeam Ecosystem

Moonbeam options an intensive ecosystem of promising initiatives. Listed below are three examples:

• Moonwell: A distinguished lending, borrowing, and decentralized finance (DeFi) protocol constructed on each Moonriver and Moonbeam. With an intuitive person interface, Moonwell ensures a streamlined person expertise, enabling everybody to maximise the worth of their digital belongings.

• Beamswap: A decentralized trade (DEX) and DeFi hub that leverages a concentrated liquidity market maker (CLMM) protocol to facilitate transactions. On Beamswap, customers can carry out instantaneous peer-to-peer transactions and earn rewards in trade for supplying liquidity to the protocol.

• SushiSwap: A DEX that permits customers to seamlessly commerce cryptocurrencies with out intermediaries. SushiSwap leverages an automatic market maker (AMM) system to facilitate peer-to-peer transactions.

Glimmer Token Defined

One other important a part of Moonbeam’s ecosystem is the community’s native token referred to as Glimmer. Glimmer has a number of distinguished use instances, and beneath, we’ll discover three of them:

• Transaction Charges: The Glimmer token is used to pay for transactions on Moonbeam. As such, it’s essential for anybody trying to work together with the community.

• Fuel Metering: Fuel on the Moonbeam community is calculated and measured in Glimmer.

• On-Chain Governance: The Glimmer token is a necessary a part of Moonbeam’s on-chain governance. Holders of Glimmer can suggest adjustments to the protocol, vote on necessary issues, and elect council members for the ecosystem.

Now, that offers you an summary of the Moonbeam ecosystem. Within the subsequent part, we’ll introduce you to Moralis and our Moonbeam-compatible Web3 growth instruments!

Moralis x Moonbeam – Introducing the #1 Moonbeam API

Moralis is the {industry}’s premier Web3 information supplier, that includes top-tier RPC nodes and Web3 APIs that facilitate a extra streamlined developer expertise. In our suite of Moonbeam-compatible Web3 growth instruments, you’ll discover interfaces just like the Pockets API, Token API, NFT API, and plenty of extra. As such, when utilizing Moralis, you get all crypto information in a single place! 

Why Build on Moonbeam with Moralis?

However why must you construct on Moonbeam with Moralis? To reply this query, let’s discover three advantages of our APIs and RPC nodes:

• One Name – All of the Information: Our APIs and Prolonged RPC Strategies are designed with the result in thoughts, supplying you with extra information with fewer calls. Fetch a pockets’s full historical past, token balances with costs, NFT metadata, and extra with single requests.

• Multi-Chain Compatibility: Moralis helps all main chains, together with Moonbeam, Ethereum, Polygon, Optimism, Base, and plenty of extra. As such, when utilizing our instruments, you may streamline your developer expertise as you solely want a single supplier for all information wants.

• Safe & Dependable: Moralis is SOC 2 Kind 2 licensed, highlighting our dedication to sustaining excessive reliability and safety.

To additional spotlight the advantages of Moralis, let’s dive deeper into our growth instruments!

Moralis Deep Dive

Moralis affords a number of industry-leading growth instruments. Within the following sections, we’ll dive deeper into each our Web3 APIs and RPC nodes. Let’s go! 

Web3 APIs

Moralis’ Web3 API suite includes a number of Moonbeam-compatible interfaces. Listed below are 5 distinguished examples: 

• Pockets API: Get any pockets’s full transaction historical past, token balances, internet value, profitability, and extra with simply single API requests. That is the proper device for anybody trying to construct wallets or combine pockets performance into dapps. 

• Token API: Fetch token balances, transactions, costs, and rather more with out breaking a sweat. Use the Token API to seamlessly combine ERC-20 information into your dapps. 

• NFT API: Question NFT balances, up-to-date metadata, costs, transfers, and so on., with single traces of code. Use this premier interface to construct the whole lot from NFT marketplaces to Web3 video games. 

• Value API: Get each historic and real-time costs for NFTs and ERC-20 tokens alike. Leverage the Value API to seamlessly combine correct and reliable worth information into your dapps. 

• Streams API: The {industry}’s main real-time information resolution, permitting you to arrange Web3 information pipelines on the click on of some buttons. Use the Streams API to seamlessly combine real-time alerts into your dapps, populate databases with information, or add present, actionable insights into your initiatives. 

To discover all our interfaces, please go to our Web3 API web page!

RPC Nodes

Moralis is a top-tier supplier of next-generation RPC nodes. With our intuitive point-and-click interface, you may seamlessly arrange nodes for all main chains, together with Moonbeam, Ethereum, Optimism, and plenty of extra networks! 

However what makes our RPC nodes distinctive? 

• Velocity: Our nodes set the {industry} benchmark for pace with response instances from 70 ms. 

• Reliability: With 99.9% uptime, our RPC nodes ship enterprise-grade reliability. 

• Prolonged RPC Strategies: Use Prolonged RPC Strategies to fetch decoded, human-readable information utilizing our next-generation RPC nodes. 

To be taught extra about this, try our RPC nodes web page! 

Full Tutorial: The way to Get On-Chain Information from Moonbeam in 3 Steps

With an summary of what Moralis entails, we’ll now stroll you thru a tutorial on the way to get on-chain information from Moonbeam utilizing our APIs. Extra particularly, we’ll present you the way to fetch the worth of any token. Because of the accessibility of our Web3 APIs, you may get this information in three easy steps: 

1. Get a Moralis API Key
2. Write a Script
3. Run the Code

However earlier than you may hold going, you have to cope with just a few conditions! 

Conditions

Ensure you have the next prepared if you wish to observe together with this tutorial: 

Step 1: Get a Moralis API Key

The very first thing you’ll want is a Moralis account. As such, when you haven’t already, click on the ”Begin for Free” button on the prime proper to enroll with Moralis: 

When you log in, yow will discover your API key instantly underneath the ”Dwelling” tab: 

Copy and hold the important thing for now, as you’ll want it within the subsequent step. 

Step 2: Write a Script

Open your built-in growth setting (IDE), create a folder, and initialize your new mission with the terminal command beneath: 

npm init

From right here, set up the required dependencies with these terminal instructions: 

npm set up node-fetch --save
npm set up moralis @moralisweb3/common-evm-utils

Open your ”package deal.json” file and add ”kind”: ”module” to the listing: 

Arrange a brand new ”index.js” file and add the next code to it: 

import fetch from 'node-fetch';

const choices = {
  methodology: 'GET',
  headers: {
    settle for: 'utility/json',
    'X-API-Key': 'YOUR_API_KEY'
  },
};

fetch(' choices)
 .then(response => response.json())
 .then(response => console.log(response))
 .catch(err => console.error(err));

Change YOUR_API_KEY with the important thing you beforehand copied, and configure the tackle parameter to suit your question: 

Step 3: Run the Code

Launch a brand new terminal and run the command beneath in your mission’s root folder to execute the code: 

node index.js

In return, you’ll get the worth of the token denominated in each Glimmer and USD. What’s extra, the response can also be enriched with token logos, worth adjustments over time, spam indicators, and rather more. Right here’s what it’d seem like: 

{
  tokenName: 'Wrapped BTC',
  tokenSymbol: 'WBTC',
  tokenLogo: null,
  tokenDecimals: '8',
  nativePrice: {
    worth: '361716720517110579889317',
    decimals: 18,
    identify: 'Moonbeam',
    image: 'GLMR',
    tackle: '0xacc15dc74880c9944775448304b263d191c6077f'
  },
  usdPrice: 57333.47928669679,
  usdPriceFormatted: '57333.479286696792189825',
  exchangeName: 'StellaSwap',
  exchangeAddress: '0x68A384D826D3678f78BB9FB1533c7E9577dACc0E',
  tokenAddress: '0xe57ebd2d67b462e9926e04a8e33f01cd0d64346d',
  priceLastChangedAtBlock: '7395637',
  blockTimestamp: '1725934212000',
  possibleSpam: false,
  verifiedContract: false,
  pairAddress: '0xf8f5e8b9ee84664695b14862212d8092e16331f6',
  pairTotalLiquidityUsd: '6512.06',
  '24hrPercentChange': '4.2813011084629755',
  securityScore: 64
}

That’s it; fetching information from Moonbeam doesn’t need to be tougher than this. From right here, now you can observe the identical steps to name any of our different endpoints! 

What Can You Build on Moonbeam? – Exploring Use Circumstances

Now that you know the way to get on-chain information from Moonbeam, let’s discover some distinguished use instances:

• Web3 Wallets: Web3 wallets are instruments for storing and managing digital belongings like NFTs and ERC-20 tokens. Furthermore, wallets usually present performance for getting, promoting, and swapping tokens. A distinguished instance of a pockets is MetaMask.

• Portfolio Trackers: Portfolio trackers give customers an summary of how their digital belongings carry out over time. An amazing platform providing a top-tier portfolio tracker function is Moralis.

• Tax Instruments: Tax instruments are software program that helps each people and companies calculate, report, and handle taxes associated to cryptocurrencies. A distinguished platform throughout the house is Koinly.

Abstract: Exploring Moonbeam – Why Build on Moonbeam?

Moonbeam was launched late in 2021, and it’s a DPoS, EVM-compatible parachain combining the ability of Polkadot and Ethereum. As such, the Moonbeam community allows builders to construct cross-chain Web3 initiatives that leverage belongings and performance from a number of blockchains concurrently.

However why must you construct on Moonbeam?

To reply the above query, let’s discover 4 advantages of the community:

• Value-Efficient & Excessive-Efficiency: Moonbeam is designed for prime efficiency and cost-efficiency, making it a beautiful platform for builders and finish customers alike.

• Seamless Developer Expertise: With EVM compatibility, you should use acquainted Ethereum instruments to construct dapps on Moonbeam.

• EVM & Polkadot Compatibility: Seamlessly migrate and deploy Ethereum dapps on Polkadot with out coping with main code configurations.

• Multi-Chain Integration: As a parachain, Moonbeam facilitates straightforward cross-chain communication throughout the whole Polkadot ecosystem.

Together with exploring Moonbeam, we additionally introduce the perfect device for constructing on this blockchain community: Moralis!

Moralis is a number one Web3 information supplier, supplying you with seamless entry to top-tier RPC nodes and Web3 APIs. Some distinguished examples embrace the Pockets API, Token API, Streams API, and so on. With Moralis, you get all crypto information in a single place.

However why construct on Moonbeam with Moralis?

• Complete: Our API responses and Prolonged RPC Strategies offer you extra information with fewer calls.

• Multi-Chain: Moralis helps all main chains, together with Moonbeam, Ethereum, Polygon, Optimism, Base, and plenty of extra.

• Safe & Dependable: Expertise enterprise-grade safety and reliability with Moralis, the primary SOC 2 Kind 2 licensed Web3 information supplier.

Should you appreciated this Moonbeam tutorial, think about trying out extra premier content material right here at Moralis. As an example, discover our “Why Build on Chiliz” information or uncover our NFT Rarity API.

Additionally, if you wish to use our instruments your self, don’t neglect to enroll with Moralis!