Astar Network has shown in the best form how interoperability can also help drive forward the broader Web3.0 agenda.
Astar Network, a blockchain protocol that supports the building of dApps with EVM and WASM smart contracts and offers developers true interoperability, with cross-consensus messaging (XCM) has seen its native token $ASTR gain a listing on Binance.US, the American subsidiary of Binance Global.
The listing went live on September 14 with both USD and USDT trading pairs. The listing comes off as one of the major milestones for the protocol and it will push enhanced, global liquidity for Astar Network users.
Since its inception, Astar Network has grown remarkably as a dApp hub on Polkadot that supports Ethereum, WebAssembly, and layer 2 solutions like ZK Rollups. Its popularity has continued to grow in Asian markets, particularly in Japan. According to a survey from the Japan Blockchain Association, Astar Network ranked ahead of other popular protocols including Ethereum, Solana, and Avalanche as the top blockchain protocol around today.
The Binance.US listing is a testament to the protocol’s strength, innovation, and compliance with multi-regional laws. Binance is undoubtedly the largest exchange in the world and its US subsidiary is known for listing a listing of tokens that makes their way to the global Binance offshoot.
This is based on the stricter regulations binding the crypto ecosystem in the United States. That Astar Network survived this scrutiny has further extended its bullish outlook in the largest financial economy in the world.
“We are very excited to officially enter the American market through Binance US. Since closing our last funding round, led by US investors like Polychain and Coinbase, entering the US market has been a top priority. Astar already has a strong presence in Asia, especially Japan, and now we have an opportunity to follow suit in the US with our localized team,” said Astar Network Founder and CEO Sota Watanabe.
Astar Network in the Web3.0 World
The Web3.0 ecosystem is growing at a very fast pace, and Astar Network has established a unique niche for itself as a major contributor. The protocol’s founder, Watanabe is pushing the frontiers of what is possible in the emerging tech world.
In his capacity, Watanabe has been a prominent evangelist, spreading the innovations that Web3.0 can usher into cities in Japan and around the world. Through the recognition of his expertise, he is set to become an adviser to GMO, one of Japan’s largest internet companies, and Dentsu, its largest advertising company.
Astar Network has shown in the best form how interoperability can also help drive forward the broader Web3.0 agenda. The protocol recently partnered with Moonbeam Network in order to support the launch of WASM projects and encourage developers to create unique use cases on Astar that leverage Polkadot’s powerful XCM format.
The listing on Binance.US is a major milestone, one which the protocol hopes to build on in the near future.
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
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