Moonbeam Network (GLMR)
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anchored·2uq79c…tkW2Summary
Moonbeam Network was an Ethereum-compatible smart contract parachain on Polkadot, developed by PureStake under CEO Derek Yoo, that launched in January 2022 with a peak TVL of approximately $275 million. The project permanently shut down its Polkadot parachain on July 31, 2026, migrating the GLMR token 1:1 to Base (Coinbase's L2), but only 24.83% of the total GLMR supply completed migration through the standard bridge before the hard cutoff, leaving the recovery path for remaining holders discretionary and reliant on an email helpdesk with no universal post-cutoff claim mechanism.
Connected Entities
6 entities · 60 linked investigations- Ethereum→mentioned with→Coinbase(60%)
- KuCoin→mentioned with→Ethereum(60%)
- Polkadot→mentioned with→Coinbase(60%)
- Polkadot→mentioned with→Ethereum(65%)
- Moonbeam Network (GLMR)→mentioned with→Polkadot(80%)
- Moonbeam Network (GLMR)→mentioned with→KuCoin(65%)
- Moonbeam Network (GLMR)→mentioned with→Ethereum(80%)
- Moonbeam Network (GLMR)→mentioned with→Coinbase(70%)
- Moonbeam Network (GLMR)→mentioned with→Wormhole(70%)
- Wormhole→mentioned with→Coinbase(65%)
- + 1 more
Timeline(9 events)
1 December 2019
Moonbeam concept originated by Derek Yoo (PureStake CEO) as an Ethereum-compatible smart contract platform for Polkadot.
CoinMarketCap Academy — What Is Moonbeam (GLMR)?11 January 2022
Moonbeam officially launched on Polkadot mainnet as the first fully operational parachain. GLMR reached an all-time high of approximately $19.50 on launch day.
CoinMarketCap Academy — What Is Moonbeam (GLMR)?27 January 2022
Moonbeam TVL peaked at approximately $275.73 million.
CryptoRank: Moonbeam abandons Polkadot for Base21 May 2026
Moonwell migrated its governance from Moonbeam to Ethereum mainnet, signaling the beginning of a strategic retreat from the parachain.
Crypto Briefing: Moonwell users must withdraw Wormhole assets before Moonbeam sunset1 July 2026
Moonbeam TVL had declined to approximately $1.34 million — down more than 99% from peak.
CryptoRank: Moonbeam abandons Polkadot for Base4 July 2026
Moonwell publicly alerted users to the Moonbeam shutdown deadline and introduced governance proposal MIP-M45 to halt new lending and borrowing.
CryptoTimes: Moonwell Alerts Users on Moonbeam Network Shutdown7 July 2026
Wormhole publicly warned users that contributors cannot rescue stuck assets after July 31, 2026 and urged immediate bridging.
CryptoTimes: Wormhole Warns Users to Bridge Assets as Moonbeam Shuts Down July 3131 July 2026
Standard GLMR migration bridge closed at 23:59 UTC. Approximately 24.83% of total GLMR supply (308.183 million of 1.241 billion tokens) had migrated through the direct bridge. The Moonbeam parachain entered maintenance mode at 00:00 UTC on August 1 and began rejecting user transactions.
CryptoSlate: Moonbeam just halted all user transactions1 August 2026
Network entered maintenance mode. Late GLMR holders directed to email helpdesk@moonbeam.foundation for individual case review within a 60-day window. No universal post-cutoff recovery portal established.
Moonbeam Community Forum: Missed date for migration requirementDecision Log
- slot 443526900 · hash 9FsVgmoKkXwSRgWJjcHH5c9GxPiNXeTX9vMSEdW4Jifw
This investigation is cryptographically anchored to the Solana blockchain (1 decision). 13 of 16 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 8/28/2026, 5:04:10 PM
last updated: 8/28/2026, 5:04:11 PM
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