Polkadot recently expressed that it is a pleasure for them to be working withMoonbeam to start engaging with the Polkadot ecosystem.  Since Ocean deployed initially to Ethereum MainNet, then the clear starting point for Ocean in Polkadot is Moonbeam with its Ethereum compatibility.

For clarity, The Moonbeam network is the easiest on-ramp to Polkadot.  They are set to launch Ethereum Compatible smart contracts on the parachain on Polkadot in 2021.

Moonbeam are working to be a project that serves as the easiest entry point for Ethereum projects to the Polkadot ecosystem.  They are making it possible to imagine a multi-chain future, one that is defined by specialization, interoperability, and increasing ease-of-use.

Reportedly, Polkadot has been the most popular alternative to Ethereum for DeFi investment purposes. However, roughly 19% of DeFi projects that have got the venture funding are now building on Polkadot.

Also, several big projects are set to come to Polkadot in 2021. Apart from Moonbeam it is Frontier and Acala Dollar (aUSD).

Acala Dollar (aUSD) will be the first stable coin that will launch natively on the Polkadot Ecosystem.

Frontier, is Substrate’s Ethereum Compatibility layer that allows users to run unmodified Ethereum Dapps. An Ethereum compatibility layer mainly focuses on running a normal web3 application through the compatibility layer using the local nodes, where an additional bridge binary is acceptable.

Polkadot (DOT) Ecosystem in Short  

The parallel blockchain shards known as the parachains are the strength of the Polkadot system.  There are different types of parachains.  Some of them are general purpose, while others try to become known for a particular industry or problem.  There are different types of parachain types like oracles, file storage, smart contracts, privacy, scaling, security tokens, social networking, governance, Dec Cloud Comp, DEX, stable coin, gaming, consortium chain, IoT, Identity, DeFi, and others.

The interconnectivity between decentralized applications, oracles, file storage, identity, and decentralized exchanges is the point of specialization for several parachains.  Some of them concentrate on the Decentralized Finance objectives.

The Polkadot Ecosystem is made up of the tooling services and integrations providing for onboarding of Dapps and Chains.  Dapps are consumer applications with higher-level protocols.  The Parachains are parathreads and bridged chains.

There is a substantial amount of Chain projects ever since the first release of substrate.  Several of such projects are getting actively developed on the substrate-based chains and most of them will be getting ready as a parachain on the Polkadot ecosystem.

The funds which have been raised from the different Polkadot projects are contributing to the financial power of the parachain teams and other teams who are developing Dapps.