The live Astar price today is $0.02, with a 24-hour trading volume of $5.29 million. Over the past hour, the ASTR price increased by 0.39%, though it decreased by 0.14% compared to yesterday. Astar's current market capitalization stands at $188.84 million, calculated by multiplying the circulating supply of 8.13 billion ASTR tokens by the current price. The maximum supply is capped at 8.47 billion tokens.
Understanding Astar Network
Astar Network serves as a smart contract hub designed for decentralized applications (dApps) within the Web 3.0 ecosystem. It supports both Ethereum Virtual Machine (EVM) and WebAssembly (WASM) environments, providing developers with flexibility and broader interoperability. The platform incorporates Layer 2 scaling solutions like Plasma and zero-knowledge rollups to reduce transaction costs and enhance efficiency. Built on Polkadot's framework, Astar enables cross-chain communication and functionality, making it a preferred choice for dApp development.
Originally founded in 2019 by Sota Watanabe under the name Plasm, the project is now maintained by Stake Technologies. It has grown into one of the leading parachains within the Polkadot network. The native token, ASTR, functions as a utility token for paying network fees, staking, and supporting dApps through staking mechanisms.
Market Capitalization of Astar
Astar's market cap is approximately $181.28 million, reflecting its overall market valuation. A higher market cap generally indicates stronger market confidence and adoption.
Trading Activity Overview
Recent trading activity shows that 237.21 million ASTR tokens were traded in the last 24 hours, equivalent to $5.29 million in volume. This represents a minor decrease of 0.14% in trading momentum.
Current Price Levels
At the time of writing, one ASTR token is priced at $0.02. Prices fluctuate based on market demand, supply dynamics, and broader cryptocurrency trends.
Token Supply Details
The circulating supply of ASTR is 8.13 billion tokens, which represents the actively tradable amount. The maximum supply is fixed at 8.47 billion tokens.
Popularity and Market Rank
Astar (ASTR) currently holds the 296th position among global cryptocurrencies based on market capitalization rankings. This ranking helps investors gauge its relative size and influence in the market.
Why Astar Network Matters for Developers and Investors
Astar Network addresses critical challenges in the blockchain space, such as scalability and interoperability. By supporting multiple virtual machines, it allows developers to port existing dApps from other networks without extensive modifications. Its integration with Polkadot provides access to a broader ecosystem of parachains and resources.
For investors, ASTR offers utility through staking and network participation. The token's value is tied to network usage, making it a potential indicator of ecosystem health. As more dApps deploy on Astar, demand for ASTR may increase, influencing its price and market cap.
Staking and Earning Opportunities
Astar enables users to stake ASTR tokens to secure the network and earn rewards. The dApp staking model allows token holders to support specific applications and share in their success. This creates a symbiotic relationship between developers, users, and investors.
Cross-Chain Interoperability
Through Polkadot's cross-consensus messaging format (XCM), Astar can communicate with other parachains and external networks. This interoperability is vital for creating seamless user experiences and expanding the utility of decentralized applications.
Frequently Asked Questions
What is Astar Network?
Astar Network is a multi-virtual machine smart contract platform that supports dApp development using EVM and WASM environments. It focuses on scalability, low costs, and cross-chain interoperability via Polkadot.
How does Astar improve scalability?
Astar uses Layer 2 solutions like Plasma and zero-knowledge rollups to process transactions off-chain, reducing congestion and fees on the main network while maintaining security.
What can I do with ASTR tokens?
ASTR tokens are used for paying transaction fees, staking to secure the network, and participating in dApp staking to earn rewards. 👉 Explore staking strategies
Is Astar only for Polkadot-based projects?
While Astar is a Polkadot parachain, it supports compatibility with Ethereum and other networks through its multi-VM approach, making it accessible to a wide range of developers.
What determines the price of ASTR?
The price of ASTR is influenced by market demand, network adoption, token utility, and overall sentiment in the cryptocurrency market.
How does Astar compare to other smart contract platforms?
Astar differentiates itself by supporting both EVM and WASM, offering Layer 2 scaling, and leveraging Polkadot's cross-chain capabilities. This combination provides flexibility and interoperability not always available on single-chain platforms.