Japan’s Astar Network has become the first blockchain to implement the SuperchainERC20 standard for its ASTR token, addressing interoperability issues between Ethereum and Polkadot. SuperchainERC20 allows ASTR to move between Astar’s Polkadot-based layer-1, Sony’s Soneium, and all OP Superchain networks. This development creates bridges between the Polkadot and Ethereum ecosystems, potentially making ASTR a multichain asset. ASTR’s interoperability paves the way for DeFi growth across Ethereum and the Superchain. Chainlink’s CCIP protocol enables crosschain functionality for token transfers. Astar Network, bridging Polkadot and Ethereum, aims to drive Web3 adoption. The ASTR token, valued at less than 3 cents with a market capitalization of $226 million, plays a key role in the network. Changes in tokenomics have been made to reduce inflationary pressure, with a decrease in staking rewards and annual emissions. Astar’s initiative reflects a broader trend in reevaluating token supply dynamics in blockchain networks. Read more AI-generated news on: https://app.chaingpt.org/news

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