$0.006033
-0.0002280 (-3.64%)24H
Astar price, last 12 months
0.01810.0060330.004444
Astar market data
- 24H High
- $0.006300
- 24H Low
- $0.005888
- 24H Volume
- 18.78M ASTR
- All Time High
- $0.3382
- All Time Low
- $0.004389
- Correlation with BTC
- 0.69
- Return on Investment
- -95.67%
- Market Cap
- $52.87M
About Astar
Astar is a collective driving web3 adoption originating from Japan, seamlessly bridging Astar Network and Soneium ecosystems. Soneium, an advanced Layer 2 solution developed by Sony Block Solutions Labs, creates new opportunities for Astar's growth by enabling mainstream Web3.0 adoption through consumer-friendly applications, payment solutions, and decentralized finance. The ASTR token serves as the unifying asset across this collective, powering innovation within Soneium and strengthening its ties to the core functionalities of Astar Network.Astar Network operates as the governance & staking layer, providing a secure and scalable multi-VM environment, while Soneium acts as the adoption layer, leveraging Ethereum's OP Stack for high-speed, low-cost transactions tailored to entertainment and consumer applications. The two ecosystems are seamlessly interconnected through the ASTR token, which facilitates interoperability via multiple interoperable solutions. By combining the strengths of Astar Network and Soneium, Astar collective is pioneering a vision of interoperability and accessibility, empowering developers and users alike to unlock Web3.0’s full potential and bring blockchain technology to billions worldwide.The project, which is backed by Binance Labs and Coinbase Ventures, operates on two layers: the first layer is built on the Substrate framework, and the second is built using OVM or Optimistic Virtual Machine, for scalability.
Cryptocurrencies similar to Astar
Astar whitepaper summary
Astar Network is a groundbreaking blockchain platform that bridges Polkadot and Ethereum ecosystems, supporting both Wasm and EVM smart contracts.
The platform offers unique features like dApp Staking to reward developers and innovative cross-chain capabilities.
Through its #Build2Earn program, developers receive basic income while building, making it a sustainable hub for Web3 innovation.
The network has evolved to become one of the leading parachains in the Polkadot ecosystem, with significant partnerships and integrations across the blockchain space.
Astar's technology stack is built on two powerful foundations - Substrate framework and EVM compatibility.
The platform uniquely supports both WebAssembly (Wasm) and Ethereum Virtual Machine (EVM) environments, allowing developers to use their preferred programming languages and tools.
At its core, Astar uses a Cross-Virtual Machine that enables seamless communication between Wasm and EVM contracts, something like having a universal translator between different programming languages.
The network achieves scalability through its connection to Polkadot as a parachain, which is like having a dedicated lane on a superhighway, ensuring fast and secure transactions.
Astar's zkEVM solution has been enhanced through partnerships with major zkRollup providers, offering improved scalability and reduced transaction costs while maintaining Ethereum compatibility.
The platform's dApp Staking mechanism has evolved to version 3.0, introducing nomination pools and improved reward distribution mechanisms to better support developers and stakers.
Recent technological improvements include enhanced cross-chain messaging protocols and integration with layer-2 solutions for improved scalability.
The ASTR token remains the lifeblood of the Astar Network, with an initial supply of 7 billion tokens as outlined in the whitepaper.
The token distribution was carefully planned with 30% allocated to users and early supporters, 20% for the parachain auction, and the remaining spread across various ecosystem initiatives.
ASTR serves three main purposes: powering dApp Staking (like voting for your favorite projects), paying for transactions (like gas fees), and participating in network governance (having a say in network decisions).
The network maintains its inflationary model, adding about 665 million tokens annually, which helps fund network development and rewards for participants.
Recent governance proposals have introduced token burning mechanisms and adjusted staking rewards to optimize network economics.
The token has gained additional utility through new partnerships and integrations, including DeFi protocols and cross-chain applications.
Astar's development journey continues to focus on expanding cross-chain capabilities and enhancing developer tools.
The network has successfully implemented several major upgrades, including dApp Staking v3.0 and improved zkEVM infrastructure.
Current priorities include expanding the Astar Network Stack, a comprehensive suite of developer tools and infrastructure.
Future plans include launching additional layer-2 solutions, strengthening cross-chain bridges, and expanding the #Build2Earn program.
The team is developing new governance mechanisms to increase community participation in network decisions.
Integration with additional blockchain ecosystems and expansion of enterprise partnerships remain key objectives for 2024 and beyond.
The Astar Network is developed by a diverse team of blockchain experts and developers, primarily based in Japan but with global representation.
The project maintains strong connections with both the Polkadot and Ethereum communities, ensuring alignment with both ecosystems.
The team has expanded significantly, adding expertise in zkRollup technology, DeFi, and enterprise blockchain solutions.
Development is supported by the Astar Foundation, which helps ensure the long-term sustainability and growth of the network.
Recent additions to the team include veterans from major blockchain projects and traditional tech companies.
The project has established strategic partnerships with leading technology companies and blockchain platforms, strengthening its position in the ecosystem.
Latest Astar news
Astar FAQ
Astar (ASTR) is trading at $0.006033, down 3.64% over the last 24 hours.
The market cap of Astar is $52.87M, ranking #279 among cryptocurrencies.
Our model's year-end 2026 target for ASTR is $0.0227.
Our model's 2030 target for ASTR is $0.0149.
On the daily chart ASTR currently shows 4 buy signals and 4 sell signals. This is not investment advice.
The all-time high of ASTR is $0.3382.
This page is for informational purposes only and is not investment advice. Cryptocurrency prices are highly volatile.