Astar Network to focus more on Korean market after Upbit listing, founder says
ASTR, the native token of the Astar Network, posted a double digit gain after its Upbit listing.The web3 firm’s founder discussed plans to focus on the Korean market as part of its expansion outside Japan.
ASTR +20.13% token surged over 25% hours after its listing on Upbit , the largest crypto exchange in Korea, with the native cryptocurrency of the Astar Network changing hands for $0.098 at 11:00 a.m. ET, according to The Block data .
"We have been spending multiple months in Korea, hired people, and actively talking with Korean projects," Astar Network Founder Sota Watanabe told The Block about the web3 firm's advance into the Korean market.
He added that Astar Network's ambition is to make multiple real life use cases for the network within Korea , similar to the ecosystem that they have developed in Japan. "We will focus more on the Korean market since Japan and Korea have a lot of things we can learn from each other," he added.
Astar Network's native token, ASTR, has rallied in the past 24 hours.
Increased interest in web3 in Japan
The Astar Network CEO said the firm's web3 efforts are picking up interest from the Japanese prime minister's office. "This shows that Japan is heavily supporting web3 and startups," Watanabe added.
He explained how Japan has made a key pivot into crypto in the past year, describing how the nation's tax laws are becoming more favorable for web3 firms, and how Sony announced a partnership with the Astar Network in June.
Astar Network is a smart contract platform, supporting both EVM and WebAssembly (Wasm) environments. It is parachain of Polkadot, with a focus on corporate adoption and consumer interest in web3 technologies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
TRON’s Strategic Momentum: Assessing Justin Sun’s Influence and Institutional Ambitions
- Justin Sun aims to list Tron Inc. in Nasdaq 100 by 2028 via a reverse merger with SRM Entertainment, leveraging $1B USDT minting and TRX treasury alignment. - Q2 2025 data shows 784M transactions and $1B on-chain revenue, positioning Tron as a scalable blockchain rival to Solana and BNB Chain. - Regulatory scrutiny, declining TVL, and a 10% post-listing TRX drop highlight risks despite 28% price gains and institutional finance integration efforts. - Sun’s strategic focus on scalability and SEC filings un
Undervalued Low-Cap Altcoins Under $1: Reddit-Driven Momentum and On-Chain Signals for 2025 Breakouts
- 2025 crypto market sees retail/institutional capital shifting to under-$1 altcoins driven by Reddit narratives and on-chain data. - MAGACOIN FINANCE (12% burn rate, $1.4B Q3 inflows) and BONK (1T token burn, Grayscale inclusion) emerge as top breakout candidates with utility-driven growth. - PEPE breaks wedge pattern with 301% burn surge while WLFI's political narrative faces short-term volatility but shows listing potential. - Bitcoin dominance below 60% and Ethereum ETF inflows ($9B) signal altcoin sea
The Rise of Integrated Cross-Chain Swaps: A 2025 Investment Opportunity
- Symbiosis.finance leads 2025 DeFi innovation by integrating blockchain and smart routing to enable 30+ cross-chain swaps with reduced slippage and gas costs. - Its MPC-based relayer network and TSS security frameworks address 69% of crypto bridge theft risks, contrasting traditional centralized models. - Cross-chain volumes hit $56.1B in July 2025, driven by Symbiosis' 231% user growth and $4B+ transaction volume, signaling DeFi's shift toward interoperability. - Challenges persist in smart contract vuln
Institutional Capital Now Directly Fuels 400 Million Tons of CO₂ Avoided
- Arx Veritas and Blubird tokenized $32B in Emission Reduction Assets (ERAs) via blockchain, preventing nearly 400 million tons of CO₂ emissions through decommissioned fossil fuel infrastructure. - The initiative leverages real-world asset tokenization to create verifiable climate impact, linking capital directly to environmental projects rather than carbon credits alone. - Institutional demand is surging, with $500M in active deals and $18B in planned tokenizations by 2026, projected to add 230 million to
Trending news
MoreCrypto prices
More
