Astar Secures New Round of Strategic Financing on May 21, 2025

According to media reports, the multi-chain smart contract platform Astar completed a new round of strategic financing on May 21, 2025. The round was led by prominent investment firm Animoca Brands. With this latest funding, Astar’s cumulative total financing has reached $34.4 million.Astar is a smart contract platform supporting multiple chains and virtual machines, dedicated to bridging the Polkadot ecosystem with Ethereum, Cosmos, and all major Layer 1 blockchains. By offering cross-chain interoperability solutions, the project has made significant contributions to the development of blockchain ecosystems.Reviewing Astar’s trajectory, the project officially launched its mainnet and opened ASTR token trading in January 2022. In February of the same year, Astar announced the $100 million Astar Boost Program, underscoring its commitment to ecosystem growth. Since 2025, Astar has implemented several key changes in technology and tokenomics, including updating its token economic model, reducing base staking rewards from 25% to 10%, and optimizing select business operations. The strategic investment from Animoca Brands is expected to further enhance Astar’s competitive edge in the multi-chain ecosystem and drive innovation in cross-chain technologies.