ASTR has become fully interoperable across various chains with the SuperchainERC20 standard, addressing barriers between Ethereum and Polkadot. This integration allows seamless transfers within the Optimism Superchain ecosystem.
Following strong growth, ASTR’s market cap rose to nearly 1 billion USD in February 2024 but has since declined to 226 million USD due to inflation concerns. The token’s strategic adjustments aim to mitigate inflationary impacts.
The Astar Network envisions bridging Polkadot and Ethereum ecosystems as vital for Web3 growth. With changes in tokenomics, including adjusted staking rewards, ASTR seeks to enhance its role in decentralized finance.
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