Following the recent events of two major projects in the Dotama ecosystem, Manta Network and Astar Network, I believe it’s time for Moonbeam to also move forward and seek to evolve for the well-being of its ecosystem and community. I have been present since the beginning of Moonriver and have participated in the Take Flight event. I must say that I am very disappointed with the project’s progress over the past two years. Where are we headed, concretely? I don’t blame Moonbeam itself but rather the Polkadot ecosystem as a whole, which has struggled significantly to find adoption.
I understand why projects like Manta Network and Astar Network are starting to turn towards Ethereum; it is entirely legitimate given the situation and the idea of being multichain, which is supposed to be at the core of Moonbeam. We absolutely need to move on quickly, or we risk seeing this project sink. We have fewer and fewer users every day, and grants, which are a fantastic opportunity to create attraction on the network, are not working. Just look at Stella Swap, which has received a lot of grants since the beginning but is struggling to function properly without them. TVL (Total Value Locked) is decreasing drastically, and this is a major problem.
We should evolve in the same way as Manta and Astar, in my opinion. It’s a matter of survival. The token price has nothing to do with development, but the financial situation of all investors is starting to become a topic we cannot ignore. As a member of the community, I would like us to reconsider the development of Moonbeam, and I think we should also migrate to Ethereum and use grants there. This will bring us more adoption and more developers. I believe the work on the Polkadot side has been done, but it’s not working; there is very little interest in the ecosystem.