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.

We update our Astar to ARS currency in real-time. Get the live price of Astar on Coinbase.

The current market cap of Astar is ARS 96.262B. A high market cap implies that the asset is highly valued by the market.

The all-time high of Astar is ARS 466.13. 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 ARS 2.856B.

Assets that have a similar market cap to Astar include DigiByte, Axelar, Ontology, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Astar is 8.6 billion.