Astar $ASTR Surges 42% In One Hour Following Upbit Exchange Listing

Astar ($ASTR) has witnessed a remarkable surge, soaring by 42% in just one hour and hitting an annual peak at $0.1572.

This sudden uptick in price was triggered by the announcement from Upbit, South Korea’s largest cryptocurrency exchange, revealing its decision to list Astar Network’s native token, $ASTR. 

The altcoin will now be available for trading against the South Korean Won on the Upbit platform, effective immediately.

아스타(ASTR) KRW 마켓 거래 지원 안내

✅ 지원 마켓 : KRW 마켓
📅 거래지원 개시 시점: 2023-12-18 18:00 예정 KST

🔗 공지 바로가기:https://t.co/Jf5WQXq01o#Upbit #ASTR pic.twitter.com/jIkMBcWpXz

— Upbit Korea (@Official_Upbit) December 18, 2023

Over the past week, $ASTR has demonstrated strong momentum, experiencing a cumulative gain of 55%. This surge followed the Astar Network team’s unveiling of their robust Substrate dApps and strategic partnerships designed for the Polkadot ecosystem. 

Among these initiatives is ArthSwap, positioned as the go-to decentralized exchange (DEX) for the Polkadot community, facilitating rapid swaps across various parachains within a unified platform.

👏 @arthswap is creating the go-to DEX for the @Polkadot community!

Make fast swaps across different parachains in one place!

Learn what they are planning for 2024! 🥳https://t.co/b0qrLhS8un

— Astar Network (@AstarNetwork) December 16, 2023

Massive $20 million TVL Boast

ArthSwap, residing on the Astar Network, distinguishes itself by claiming the title of possessing the deepest liquidity across the entire Polkadot ecosystem. Currently boasting a Total Value Locked (TVL) of approximately $20 million, the DEX facilitates around $1 million in trading volume within a 24-hour period.

By harnessing Polkadot’s fundamental features—XVM and XCM—in conjunction with ArthSwap’s innovative offerings, the objective is to establish the most user-friendly and trader-friendly DEX within the Polkadot ecosystem. This strategic alignment seeks to leverage the core functions of Polkadot to enhance the overall trading experience for users.

As $ASTR continues to make waves with its rapid ascent and strategic partnerships, the cryptocurrency community is keenly observing its trajectory, anticipating further developments and potential collaborations within the dynamic Polkadot ecosystem.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: loft39studio/123RF // Image Effects by Colorcinch