Astar Price (ASTR)

Astar (ASTR) is a multi-chain smart contract platform designed to support the development of decentralized applications (dApps) and layer 2 solutions. By offering interoperable Web3 infrastructure, Astar aims to bridge the Polkadot ecosystem with layer 1 blockchains like Ethereum and Cosmos. The network supports both Ethereum Virtual Machine (EVM) and WebAssembly (WASM) smart contracts, allowing them to co-exist and interact seamlessly. Astar operates as a Polkadot parachain, providing tools, compensation mechanisms, and technical support for developers building in the DeFi, NFT, and DAO spaces.

Astar functions as a Polkadot parachain, serving as a multi-chain dApp hub that supports a variety of blockchain applications. Built on the Substrate framework, Astar incorporates Optimistic Virtual Machine (OVM) technology for enhanced scalability. The network’s native token, ASTR, plays multiple roles: it is used to pay transaction fees, participate in governance, and stake for network consensus and rewards. Astar also introduces features like operator trading for dApp exchanges and Multi-Lockdrop, a modified token distribution model designed to incentivize participation across the network.

Astar aims to be a comprehensive platform for developers creating dApps, layer 2 solutions, and interoperable blockchain applications. It supports diverse use cases, from DeFi platforms to NFT marketplaces and DAOs. A key feature is its reward model for dApp developers, where 50% of block rewards are allocated to dApp creators and the remaining 50% to network validators. This encourages nominators to stake on smart contracts, enhancing the utility of the ASTR token. Astar’s interoperability also positions it as a connector between Polkadot and other blockchain ecosystems, facilitating cross-chain applications.

Astar Network was founded in 2019 by Sota Watanabe, a recognized blockchain innovator featured in Forbes 30 Under 30 Asia (2022). Initially launched as Plasm Network, it rebranded to Astar in 2021 and became a Polkadot parachain in January 2022. The network is developed by Stake Technologies, headquartered in Singapore with operations in Japan. Sota Watanabe also serves as CEO of Stake Technologies.

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The current market cap of Astar is $220.19M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Astar is $0.34. This all-time high is highest price paid for Astar since it was launched.

Over the last 24 hours, the trading volume of Astar is $5.89M.

Assets that have a similar market cap to Astar include Frax Share, Baby Doge Coin, Kaito, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Astar is 7.6 billion.