The Japanese Astar network has become the first blockchain that implemented the SuperchainerC20 standard for its Astu token, in motion aimed at solving long -term interoperability problems between networks such as Ethereum and Polkadot.
SuperchainerC20 enables interoperability in various collective optimism, which consists of dozens of projects working on Ethereum scaling.
AST can now move between a layer 1 Polkadota Astar, Sony Soneium and ultimately all OP Superchain Networks, the company said Cointelegraph.
The company said that AST represents one of the “first bridges between Polkadot and Ethereum ecosystems”, potentially opening the door so that AST becomes a multi -bunch asset with wider usability.
Interath, Bacchus, product manager at Superchain Developer OP Labs, said that AST interoperability “creates an ideal basis for the growth of DEFs in Ethereum and Superchain.”
The functionality of the transition is enabled using the CCiP BainLink protocol, which is intended for token transfers in blocks.
“This is the first real example of a safe, architectural standards for native transition interoperability, a look at the future, how tokens will move around ecosystems,” said the main head of Astar Network, Maarten Henskens in a written statement.
Astar Network is a collective adoption of Web3, Polkadota and Ethereum bridging. His mainnet was opened to the audience in January 2022.
Today, the Astu Token is valued at less than 3 cents with total market capitalization of $ 226 million.
Related: USDT0 implements on OP Superchain
Astar Network moves inflation
The Astu token plays a central role in the Astar network and is used for transaction and setting fees. However, its value has fallen constantly, partly due to animated network inflation.
In April, Astar developers introduced changes to tokenomics to reduce inflationary pressure.
The basic prize was reduced to 10% from 25%, reducing the expected annual network inflation rate to 4.32% from 4.86%.
As a result, it is expected that the annual ARM emissions will drop by 11% to about 360 million tokens.
Astar is not alone in rethinking tokens supply. In January, Multicoin Capital submitted a proposal to translate Solana to a variable interest rate emission model, aimed at limiting inflation and solving problems related to the concentrated ownership of the token.
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Related: The enhance in Web3 will be synonymous with Ethereum growth
