Best Web3 Platforms for OnFinality

Polkadot is an innovative blockchain network designed to support Web 3.0, which aims to create a decentralized and equitable internet where individuals have control over their data, fostering thriving markets through enhanced network efficiency and security. Established in 2016 by Gavin Wood, who previously served as the Co-Founder and CTO of Ethereum, Polkadot addresses key challenges that have hindered the widespread adoption of blockchain technology in recent years. The platform's development toolkit, known as Substrate, was created by Parity Technologies and simplifies the process for developers to create tailored blockchains suited to their specific needs. Additionally, Polkadot facilitates interoperability between various blockchains, making upgrades seamless, and introduces a model of “shared security” that allows developers to prioritize their technological innovations rather than expend resources on assembling a team of operators to manage a new blockchain. This approach not only streamlines the development process but also enhances the overall robustness of the blockchain ecosystem.

Moonbeam offers more than a simple EVM implementation; it serves as an advanced Layer 1.5 chain that replicates Ethereum’s Web3 RPC, along with accounts, keys, subscriptions, logs, and additional functionalities. This platform enhances the foundational Ethereum features by incorporating aspects like on-chain governance, staking, and cross-chain integrations, providing a comprehensive solution for developers. By utilizing Moonbeam, you can tap into market segments that Ethereum struggles to access due to high gas fees. Additionally, you can gain a competitive edge by launching your projects early within Polkadot’s swiftly growing parachain ecosystem. With built-in support for assets such as DOT and ERC-20 tokens, as well as essential infrastructure services like Chainlink and The Graph, Moonbeam stands out as a robust option for decentralized application development. It is clear that the Moonbeam platform significantly broadens the scope of what developers can achieve beyond traditional Ethereum capabilities.

Moonriver serves as an auxiliary network to Moonbeam, functioning as a canary network with continuous incentives. It allows new code to be introduced and tested in real-world economic scenarios before it is transferred to Moonbeam on Polkadot. Developers can efficiently launch their existing or new Solidity DApps onto the Moonriver parachain with minimal adjustments, while also gaining seamless access to the Kusama ecosystem. By closely emulating Ethereum’s Web3 RPC architecture, Moonriver significantly reduces the complexity of executing existing Solidity smart contracts on its platform. Projects initiated on Ethereum can effortlessly duplicate their DApp and deploy it onto Moonbeam using popular frameworks like Hardhat, Truffle, and Remix. This streamlined process ensures that developers can focus on innovation rather than dealing with extensive modifications. In essence, Moonriver not only enhances the deployment experience but also fosters a robust testing environment for projects before they transition to the main network.

Astar Network serves as a versatile and scalable foundation for the Web3.0 ecosystem. Constructed using Parity’s Substrate framework, Astar Network has the potential to become a future parachain within the Polkadot ecosystem while also functioning as a robust smart contract platform. Given that the Polkadot Relaychain is intentionally designed without smart contract capabilities, Astar Network is well-positioned to bridge this gap. Scalability is undeniably a key requirement for developers of decentralized applications (dApps), allowing them to create a variety of applications on the Astar Network without the constant worry of scalability issues. As an open-source initiative, Astar Network welcomes contributions from anyone interested in enhancing its ecosystem. This open approach creates numerous opportunities for individuals to engage, innovate, and adapt its features. Astar Network’s vision is to establish a scalable, interoperable, and decentralized application framework that not only defines but also actualizes the principles of Web3.0. By fostering community involvement, Astar Network aims to revolutionize the way decentralized applications are developed and deployed.

Ava Protocol is a dynamic, event-driven service known as EigenLayer Actively Validated Service (AVS) that facilitates smooth autonomous transactions for Ethereum and other platforms. This innovative protocol allows developers to elevate cryptocurrency transactions through intelligent automation, improved privacy, seamless composability, and substantial cost reductions. One of its standout features is intelligent automation, enabling transactions to occur autonomously when specific conditions are met, while enhanced privacy is ensured by sophisticated Maximal Extractable Value (MEV) protection mechanisms that defend against front-running and privacy infringements. Furthermore, Ava Protocol promotes composability, enabling developers to merge smart contract calls effortlessly without the need for coding, along with notable cost efficiency that can result in up to 90% savings on gas fees. The modular technology stack of Ava Protocol consists of a customizable Studio designed for creating automated strategies, a powerful SDK that supports the integration of private transactions, and the EigenLayer AVS network, which is supported by restaked ETH. This combination of features positions Ava Protocol as a leading solution in the evolving landscape of blockchain technology.