Astar Secures Strategic Financing on May 21, 2025

According to media reports, Astar completed a new round of strategic financing on May 21, 2025. The investor in this round was Animoca Brands. Following this transaction, Astar’s total cumulative funding has reached $34.4 million.Astar is a multi-chain smart contract platform supporting multiple blockchains and virtual machines. The platform is dedicated to connecting the Polkadot ecosystem with Ethereum, Cosmos, and all major Layer 1 blockchains, providing a key solution for blockchain interoperability.According to its development roadmap, Astar launched its mainnet in January 2022, and its native token, ASTR, began trading on major exchanges at that time. Notably, in February 2022, Astar announced the $100 million Astar Boost program, demonstrating its commitment to ecosystem development. However, in March 2025, the project team announced it would terminate zkEVM operations effective April 1, advising users to withdraw all assets before that date. In April of the same year, Astar updated its tokenomics by reducing the base staking reward from 25% to 10%, reflecting prudent management of its token economy.As a significant project in the cross-chain interoperability sector, Astar’s development history highlights the ongoing evolution of blockchain technology. Its strategic adjustments and financing activities underscore the project’s ongoing efforts to innovate and optimize amid a rapidly changing market environment.