The live price of Astar is - per (ASTR / USD) with a current market cap of $236.93M USD. 24-hour trading volume is - USD. ASTR to USD price is updated in real-time. Astar is -% in the last 24 hours with a circulating supply of 7.66B.
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Astar Network is a cross-virtual machine, multichain smart contract platform built on Polkadot. It supports the Ethereum Virtual Machine (EVM), WebAssembly (WASM), Layer 2 scaling solutions, and major Layer 1 blockchains. Since the Polkadot relay chain itself does not support smart contracts, DApp developers need to rely on high-performance and scalable parachains to connect with it.
Reportedly, Astar aims to create a scalable and interoperable decentralized application platform to help developers build interoperable smart contracts within the Polkadot ecosystem. The Astar platform is powered by the "$ASTR" token.
According to reports, the project has continued to expand its presence in the Web3.0 space since its launch, with a growing user base and ecosystem. Through financial incentives like its incubation program and Build2Earn initiative, as well as its technical capabilities, Astar Network emphasizes rewarding developers who contribute to the growth of the ecosystem. On the Astar blockchain, developers receive 25% of the block rewards whenever a user successfully nominates a token.
As of this writing, the Astar Network ecosystem is reportedly capable of supporting foundational DeFi applications such as exchanges, tokens, and lending platforms. Several teams are actively working on decentralized applications, including synthetic assets, stablecoins, and multichain decentralized exchanges (DEXs).
The project is gradually implementing decentralized governance, aiming to evolve into a fully on-chain voting DAO.
Originally known as Plasm Network, Astar Network aims to build an interconnected, scalable, and decentralized Web3 infrastructure. Built with Parity’s Substrate framework, Astar serves as a bridge connecting multiple Layer 1 blockchains with the Polkadot network. ASTR is Astar’s native utility token and serves multiple roles within the ecosystem, including paying transaction fees, enabling governance, and supporting the development of Layer 2 applications.
Astar collects ASTR tokens as transaction fees, which are then used to reward stakers and maintain the platform. Users can also stake ASTR tokens on DApps or the network to earn additional rewards. Developers of Layer 2 applications can deposit ASTR tokens into Layer 1 smart contracts to build Layer 2 apps. Additionally, ASTR tokens can be used for on-chain governance activities such as voting and referendums.
Currently, the total supply of ASTR is 7,915,282,797 tokens, with a circulating supply of 4,708,892,338 tokens.
Astar was founded in 2019 by CEO Sota Watanabe. He and his team maintain the operation of Astar through the development company Stake Technologies. The company is headquartered in Singapore, with most operations based in Japan.
The Astar platform is dedicated to creating smart contracts across multiple blockchains and virtual machines. Since the Polkadot relay chain does not support smart contracts, Astar acts as a parachain that helps developers easily build applications within the Polkadot ecosystem. Astar supports the Ethereum Virtual Machine, enabling EVM contracts to interact with WASM smart contracts, offering a comprehensive solution for building innovative smart contracts on Polkadot.
DApps typically face limited interoperability with the Polkadot network. Astar provides a parachain-based solution that rewards both stakers and developers who actively contribute to DApp development and strive to enhance interoperability.
The Astar to other currencies exchange rate?
