After revealing its most recent accomplishments to its community, the leading Polkadot (DOT) parachain network, Astar (ASTR), has garnered media attention once more. Astar Network announced on its official X account that it has overtaken 650,000 ASTR holders, a statistic that highlights the platform’s quick adoption throughout the Web3.0 ecosystem.
In addition to this achievement, Astar Network said that more than 3.4 billion tokens had been staked in projects inside its ecosystem. This amount is enormous since, according to CoinMarketCap statistics, there are only 5,497,786,775 ASTR in circulation as of the Astar protocol.
Astar Network commented on the historic achievements and stated that it has been effective in motivating different teams in the ecosystem to create products that are useful so that their consumers may interact with the protocol. It continued by listing a few of the initiatives whose useful goods are fostering the expansion.
These initiatives include Kekkai, a Web3.0 security platform; Neurolanche and SFY Labs, developing a game engine; and DeStore Network, revolutionising consumer branding.
https://x.com/AstarNetwork/status/1747740964935143847?s=20
The reason for Astar’s success is that it has always placed a strong emphasis on practical applications, as seen by the numerous alliances it has forged with major players in several industries, like Toyota and the Japanese Railway Operator.
Astar (ASTR) price response
The price of Astar Network’s native token, ASTR, has changed in a largely positive way as a result of the upgrade. CoinMarketCap data indicates that ASTR is currently trading at $0.1658, up 4% over the previous day. Together with its weekly increase of 7.68%, this gain has made it one of the best-performing cryptocurrencies on the market as a whole.
Astar Network, often known as Astar 2.0, is planning a significant redesign. The protocol is expected to continue gaining traction as efforts to promote improved network functionality are made; this will eventually aid ASTR in realising its long-term growth goals.
