Astar Completes Strategic Funding Round on May 21, 2025

According to industry sources, Astar completed its Strategic funding round on May 21, 2025, with Animoca Brands participating as the lead investor. Following this round, Astar’s total cumulative funding has reached $34.4 million.Astar is a multi-chain smart contract platform that supports multiple blockchains and virtual machines. The platform is dedicated to connecting the Polkadot ecosystem with Ethereum, Cosmos, and all major Layer 1 blockchains, providing cross-chain interoperability solutions.A review of Astar’s development trajectory shows that the project first secured $2.4 million in funding in February 2021, followed by $10 million in June 2021 and $22 million in January 2022. In early 2022, Astar announced the launch of the $100 million Astar Boost Program, underscoring its commitment to ecosystem development.Notably, Astar implemented several significant strategic adjustments in 2025, including an update to its tokenomics model, reducing base staking rewards from 25% to 10%, and discontinuing its zkEVM operations. These changes indicate Astar’s proactive approach to optimizing its business structure in response to evolving market conditions and user needs.As a critical infrastructure for connecting diverse blockchain ecosystems, Astar’s progress plays a pivotal role in advancing cross-chain interoperability. The strategic investment from Animoca Brands is expected to further strengthen its competitive position within the multi-chain ecosystem.