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Polkadot Parachain Astar Network Jumps 24% After Scoring Major Exchange Listing: Details

Thu, 02/09/2023 - 14:54
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Godfrey Benjamin
Astar Network is now listed on Upbit, gateway to onboard Korean users
Polkadot Parachain Astar Network Jumps 24% After Scoring Major Exchange Listing: Details
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Astar Network (ASTR), one of the parachains of the Polkadot blockchain is seeing intense price action today. According to data from CoinMarketCap, Astar Network is changing hands at $0.0797, up 24% over the past 24 hours and 30.05% over the past week.

While Astar is not known for such bogus price jumps, the current moves are stirred by the listing of ASTR on the South Korean trading platform, Upbit. Taking to Twitter to announce the listing, Astar Network said the availability of its native token on Upbit would further enhance its accessibility to new users in Japan and South Korea.

Astar Network is a dApp hub on Polkadot that supports Ethereum, WebAssembly and Layer-2 solutions like ZK Rollups. By supporting smart contracts in a multichain environment, Astar Network is empowering developers on Polkadot who could not gain such accessibility on the Polkadot Relay chain.

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Astar Network Named Product of Year at This Award

The protocol has seen immense growth since it won its parachain auction on Polkadot, and today, it has earned its place as one of the most vibrant smart contract hubs on Polkadot.

Astar is setting pace

Astar Network is known for its robust and diverse ecosystem initiatives, many of which have gained immense media attention. The protocol launched its Cross Virtual Machine (XVM) testnet, which is designed to bridge two virtual machines. The XVM testnet heralded an era of ecosystem diversity through which real-world use cases are billed to come alive.

For its revolutionary technology, Astar Network has gained the support of other notable digital currency trading platforms in the past. The ASTR token was listed by Binance.US back in September last year, making it one of the first Polkadot parachain protocols to be available to U.S. clients.

Astar Network's most recent update featured its partnership with Toyota as it makes a crucial pivot to the mainstream tech world.

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About the author

Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey's articles has been featured on Blockchain.news, Cryptonews and Coingape, among others.