With the launch of Moonbeam, the Polkadot network got closer to its first Ethereum virtual machine (EVM) compliant smart contract protocol after years of development and promises of interoperability (GLMR). The platform is aimed to make it simple to construct or re-deploy Solidity apps in a Substrate-based environment using Ethereum developer tools. Moonbeam's official launch on Polkadot with cross-chain functionality for Ethereum should attract more investors to GLMR.