Astar Network (ASTR) has made a substantial leap with its recent listing on South Korea’s leading cryptocurrency exchange, Upbit. This development has resulted in a remarkable 70% surge in its price, marking a significant milestone for the digital currency.
Impressive Growth Following Exchange Listing
The Upbit listing announcement propelled ASTR to a 12-month high, recording a price of $0.1572 according to CoinMarketCap. The 24-hour trading volume witnessed an extraordinary increase, soaring by 3400% to $507,634,213. This surge reflects the market’s positive response to Astar Network’s expansion, particularly in a region known for its high engagement in the crypto space.
In alignment with its growth strategy, Astar Network, a leading Polkadot parachain, is extending its influence to the Korean market. This strategic move is part of founder Sota Watanabe’s vision to tap into markets that share Japan’s innovative spirit. The initiative aims to enhance liquidity and stabilize the network’s price dynamics in the face of market fluctuations.
Astar 2.0 Vision: Pioneering Web3 Adoption
Under the banner of ‘Astar 2.0 Vision’, the network is positioning itself as a critical Layer-1 blockchain. The focus is on providing developers with the necessary tools and resources to create impactful decentralized applications (dApps). This vision is designed to steer the network towards a sustainable future, aligning tokenomics and organizational structure to foster Web3 breakthroughs.
Revamping ASTR Tokenomics and Enhancing Ecosystem
The Astar Network is not only revamping its tokenomics but also improving its ecosystem for users, developers, and partners. The updated ASTR token features adjustments in inflation rates, gas fees, and staking rewards. Moreover, the Astar Link initiative is set to bridge gaps in the blockchain industry, offering developers versatile solutions and facilitating connections across diverse ecosystems.
Moreover, Astar Network’s journey includes significant collaborations and global partnerships. Notable collaborations with industry giants like Toyota and Sony Network Communications highlight its commitment to exploring the potential of Web3. These alliances and the support from Startale Labs and Astar Foundation are instrumental in realizing the ‘Astar 2.0 Vision’.
Read Also: Celsius Network Bankruptcy Spurs New Bitcoin Mining Operation by Hut 8
This news is republished from another source. You can check the original article here