Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Moonbeam to pivot from Polkadot to Base, unveils AI agent framework

Moonbeam to pivot from Polkadot to Base, unveils AI agent framework

CointelegraphCointelegraph2026/07/05 00:57
By:Cointelegraph

Polkadot-based interoperability protocol Moonbeam said it is pivoting to Ethereum layer 2 Base to launch an AI agent communication and settlement network, aimed at capturing a share of the emerging market. 

“This is a pivot to the most exciting frontier in crypto: autonomous AI agents that find each other, negotiate work, and pay each other entirely on-chain, without a middleman,” Moonbeam said in a statement announcing the Moonbeam Protocol on Friday. 

“We believe AI-native on-chain coordination represents a significant long-term opportunity. This transition allows us to focus resources around that direction,” Moonbeam added.

Moonbeam didn’t provide a launch timeline for the Moonbeam Protocol.

Moonbeam to pivot from Polkadot to Base, unveils AI agent framework image 0
Source: Moonbeam

Agentic development has seen considerable adoption in the crypto industry, with Coinbase CEO Brian Armstrong and Circle CEO Jeremy Allaire among the executives predicting that AI agents will become the dominant users of blockchain-based payments in the coming years.

Coinbase’s x402 payments protocol has been one of the biggest drivers behind that push, while layer 1 blockchains Aptos and Near have also rolled out infrastructure to support agent-driven onchain activity.

Adoption in blockchain-based payments space has struggled to take off, however, with data from Artemis showing that only $2 million in trading volume has been facilitated through the x402 protocol over the past 30 days. 

AI agent development is progressing slowly in Big Tech too, with Meta CEO Mark Zuckerberg stating on Thursday that the technology hasn’t accelerated the firm’s workflows as quickly as expected.

Moonbeam pivot a blow to Polkadot

Several members of the crypto community said Moonbeam's pivot marked a major setback for the Polkadot ecosystem, with one X user calling Moonbeam Polkadot's "flagship project." 

“That’s a real pain in the ass for Polkadot,” another X user said.

Moonbeam launched as a Polkadot parachain in January 2022, providing developers the ability to build Ethereum Virtual Machine-compatible applications directly in the Polkadot ecosystem.

Moonbeam users instructed to migrate tokens

Moonbeam (GLMR) holders will need to bridge their tokens from Moonbeam’s Polkadot parachain to Base before July 31, 2026, including GLMR tied in lending markets, staking contracts and other decentralized finance protocols, Moonbeam said.

Related: Why a ‘safe’ AI can turn dangerous in the wrong company 

Those holding the token on a centralized exchange won't need to take any action, Moonbeam said.

Moonbeam said it will continue providing its cross-chain interoperability services on the Polkadot parachain through the transition period and is not abandoning its existing builders or infrastructure providers.

Magazine: Bitcoin decouples from tech stocks, Ether eyes ‘selling wave’: Market Moves

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Goldman Sachs Upgrades CoreWeave to "Buy": Market Overestimates Financing Costs and Underestimates Computing Fee Capabilities

Goldman Sachs has upgraded CoreWeave’s rating from “Neutral” to “Buy,” with a target price of $106, offering approximately 73% upside from the latest closing price of $61.39. Goldman Sachs believes the market is overly concerned about CoreWeave’s financing costs but underestimates its charging potential for computing power: asset-backed financing supported by GPU and customer contracts is not entirely tied to corporate bond yields. Additionally, annual revenue per megawatt is expected to rise from the current $10 million to $13 million, improving investment returns.

华尔街见闻•2026/10/19 13:01
Goldman Sachs Upgrades CoreWeave to "Buy": Market Overestimates Financing Costs and Underestimates Computing Fee Capabilities

AI Credit Pressure Surfaces: CoreWeave Bonds Become the New Barometer for the US Stock Market

CoreWeave's unsecured bonds have replaced Nvidia as the market's "beta barometer" for measuring AI trades. The bonds’ yields have surged past 16% and CDS spreads have soared, highlighting the high dependence of emerging cloud computing companies on debt financing and their funding gap risks. Credit pressures are spreading from infrastructure to equity markets, and the main focus of AI trading has shifted from computing power demand to financing costs and sustainability.

华尔街见闻•2026/10/19 12:46
AI Credit Pressure Surfaces: CoreWeave Bonds Become the New Barometer for the US Stock Market

GSK (GSK.US), Inovio (INO.US), and Agios (AGIO.US) cluster for review, US innovative drugs welcome FDA approval window

The FDA will intensively decide on several new drugs in the next two weeks: GSK's functional cure therapy for hepatitis B, Inovio's rare disease therapy, Agios's new drug for sickle cell disease, and Sun Pharma's application for expanded indications.

智通财经•2026/10/19 11:37
GSK (GSK.US), Inovio (INO.US), and Agios (AGIO.US) cluster for review, US innovative drugs welcome FDA approval window

After the Philadelphia Semiconductor Index and Nasdaq plunged, Morgan Stanley called to "get ready to increase positions"

Michael Wilson from Morgan Stanley stated that as the significant correction trajectory in most stock markets over the past few months is about to end, investors should be prepared to increase the risk exposure in their portfolios.

智通财经•2026/10/19 11:18