Injective has integrated Astar, bringing the leading Polkadot parachain into the broader IBC ecosystem for the first time. With this integration, Astar assets can now be accessed by the Injective ecosystem and the larger Cosmos community, integrating two of the largest networks within the broader Polkadot and IBC universe.
The integration was made possible thanks to the recent integration of Celer Network, which enabled the support of ASTR assets to be bridged through cBridge.
What is Astar?
Astar Network is a blockchain that aims to be Polkadot’s smart contract hub and serves as a parachain for Polkadot. It provides the infrastructure for building dApps within both EVM and WASM smart contract environments.
Astar is also the leading blockchain in Japan today, having collaborated with corporations such as Sony and Toyota. Astar’s unique Build2Earn model empowers developers to earn through a dApp staking mechanism for their code and the dApps they build.
How does this impact the Injective community?
Now users on Injective can access both Astar and Polkadot assets seamlessly, in turn bringing the Polkadot and Cosmos ecosystems closer together than ever before.
“Bringing together the Cosmos and Polkadot ecosystems has long been a goal for the entire crypto industry, so we are thrilled to be playing a part alongside the teams at Astar and Celer. This integration unlocks not only new synergies but also a diverse array of opportunities for Web3 users everywhere,” said Injective Labs co-founder and CEO, Eric Chen.
A number of applications built on Injective such as Astroport can now begin to support assets such as ASTR (the native token for Astar Network), Astroport is a sophisticated AMM protocol built on Injective that allows any user to swap or LP crypto assets using multiple pool types. As a result, IBC assets can travel into the world of Polkadot with Injective serving as the main gateway.
Astar Network CEO Sota Watanabe added that “We’re excited to be part of connecting two of the most vibrant multichain ecosystems. This integration enables users to tap into liquidity in various protocols and ultimately benefit from great products in both ecosystems. We’re looking forward to exploring further opportunities to enable a more seamless multichain experience.”
Astar network dApps such as Arthswap can also begin to support assets such as the native Injective token (INJ). Assets such as ATOM can also be utilized by Astar with the help of Injective, thus further expanding the utility of Injective with respect to interoperability.
The future of Injective and Astar
Injective has time and time again been at the forefront of integrating the leading protocols within the crypto space, making it the ultimate hotbed for DeFi to truly thrive.
Not only does this integration allow for native Astar and Polkadot assets to integrate with Injective but it also further cements Injective’s position as the main gateway for cross-chain assets to enter the world of IBC.
This integration is a game-changer for both communities as it allows for seamless interoperability between the two networks. As both ecosystems continue to grow and expand, the possibilities for future collaborations and integrations are endless.
Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.
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About Astar Network
Astar’s vibrant ecosystem has become Polkadot’s leading Parachain globally, supported by major exchanges and tier 1 VCs. Astar offers the flexibility of all Ethereum and WASM toolings for developers to start building their dApps. Astar’s unique Build2Earn model empowers developers to earn through a dApp staking mechanism for their code and the dApps they build.
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Celer is a blockchain interoperability protocol enabling a one-click user experience accessing tokens, DeFi, GameFi, NFTs, governance, privacy solutions and more across multiple chains. Developers can build inter-chain-native dApps using the Celer Inter-chain Message SDK to gain access to efficient liquidity utilization, coherent application logic, and shared states. Users of Celer-enabled dApps will enjoy the benefits of a diverse multi-blockchain ecosystem with the simplicity of a single-transaction UX, all from a single chain.