Astar (ASTR) price doubles as the network prepares to add 15 new projects in April

Astar (ASTR), a Polkadot-based task, ended up March hot after its multi-chain smart agreements platform drew in retail and institutional crypto financiers attention.

The rally was activated by three aspects: the close of a $22,000,000 funding round, growth of Astars community through protocol launches, partnerships, and an increase of users and overall Astar network value.

Cointelegraph Markets Pro and TradingView information reveal that ASTR costs have increased 104% since striking $0.107 on March 22. The price has actually now reached $0.208 each day on April 1, as the need for the token has actually increased 20-fold.

After the conclusion of its very first parachain auctions effectively, the Polkadot ecosystem (DOT) has begun to acquire traction in the cryptocurrency neighborhood. The very first chains to go on the internet and integrate with Ethereum have actually begun to appear.

ASTR/USDT 4-hour chart. Source: TradingView

Institutional financiers flock in

This fundraise was held following the Jan. 17 mainnet launch of Astar. It will be used for the development of the Astar community that supports both Ethereum Virtual Machine and WebAssembly. Designers can release existing Solidity contracts and Polkadot clever agreements.

The charity event was attended by Polychain, Alameda Research and Alchemy Ventures along with several angel financiers like Dr. Gavin Wood and Richard Ma.

A $22 million fundraising round was finished on Jan. 28, which helped Astar to accelerate its progress in 2022.

The Astar ecosystem grows

Astar recently announced a collaboration with Oasys. Oasys is a layer-one blockchain developed for game designers.

Upcoming launches include decentralized financial (DeFi), protocols like Avault Finance and Alnari Finance along with the gaming protocol Astar Farms, and the AstridDAO (decentralized autonomous companies) and ADAO (decentralized decentralized organizations).

Astar has actually seen many jobs release on its mainnet in the previous months. It is eagerly anticipating more in April.

Astar Season is coming Welcome to brand-new friends simply signing up with on @AstarNetwork in early April #Polkadot #Astar #cryptonews #blockchain #giveaway pic.twitter.com/6f1IPFa2DU
— Polkadot Nation (@PolkadotNation) April 1, 2022

Because it plans to launch at many 15 new jobs on its network, the project refers to April as “Astar Season”. This is part of its push for brand-new users.

Related: Web3 – Onboarding the next billion users– The roadway ahead

Network TVL increases

TVL: $1.3 B No. No. 8 EVM Blockhain. LFG pic.twitter.com/RNH5pLs1fm
WASM + EVM HUB on Polkadot (@AstarNetwork) April 1, 2022com. You need to do your research before making any investment or trading choice.
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The Astar Network has an overall value of $2.5 billion Source: Defi Llama

Another day, another turning point! We are so fired up for all the development that we are experiencing on Astar Network! pic.twitter.com/mGUTcb4Gb4
WASM + EVM HUB on Polkadot (@AstarNetwork) March 29, 2022

According to data from Defi Lama, Astars overall worth reached $1.16 trillion on April 1st due to the inflow of users and the launch numerous projects.

This fundraise was held following the Jan. 17 mainnet launch of Astar. It will be utilized for the advancement of the Astar environment that supports both Ethereum Virtual Machine and WebAssembly. Developers can release existing Solidity contracts and Polkadot wise contracts.

Astar has seen recent development, making it the biggest Polkadot parachain TVL and assisting it to rank 8th in EVM-compatible chains by TVL.

The 3rd element driving Astars momentum is the inflow of new users into the community. It now has more than 100,000 unique wallet addresses.

We are so ecstatic for all the development that we are experiencing on Astar Network! TVL: $1.3 B No.

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