Moonbeam

GLMR launched in January 2022, instantly hitting an all-time high of $29.84. Over the next six months the token collapsed in a dramatic fashion, hitting $1.19 by June.

However, GLMR’s market cap has increased as more tokens entered circulation. At launch, GLMR’s market cap was about $1 billion, but this peaked at $1.21 billion in April 2021 when GLMR’s price was far lower. Still, GLMR’s market cap fell to about $350 million in June.

Moonbeam launched on Dec, 17, 2021, as a centralized protocol. Its total value locked (TVL), the metric that describes how much crypto is locked up in the protocol’s smart contracts, did not surpass $1 million until Moonbeam fully decentralized on Jan. 11, 2022. Moonbeam’s launch on Polkadot coincided with the launch of GLMR.

After its launch, Moonbeam’s TVL peaked at $275 million on January 27. Its TVL cratered shortly thereafter, to $94 million in March. When the terraUST (UST) algorithmic stablecoin collapsed in May, sucking liquidity from decentralized finance (DeFi) protocols, Moonbeam’s TVL plummeted, sinking to $64 million by June 10.

GLMR launched with a supply of 1 billion. Its supply increases at a rate of 5% a year, with no limit on its maximum supply. The protocol burns 80% of transaction fees and sends 20% to the treasury. According to data provider Messari, 17% of the initial tokens were allocated to airdropped and pre-mined rewards, 41% were earmarked for founders and the project, and 42% went to investors.