Astar Snap Deprecation

The vote addresses a breach at Neemo Finance, a liquid staking partner, where an attacker unlocked 26.78 million ASTR (about $4.5 million at current prices) [Astar Forum, 07/06/2025]. The proposal, fast-tracked by Astar’s Main Council, aims to transfer these funds to the on-chain Treasury, change Neemo’s dApp ownership to the Treasury, and disable maintenance mode to resume staking. With a simple majority needed and immediate enactment planned, this move safeguards over $204 million in total unlocked ASTR across two tranches [Astar Forum, 07/06/2025]. The significance? It demonstrates Astar’s decentralized governance in action, protecting stakers while restoring a key revenue stream for dApps. Expect increased staking participation and potential ASTR price stability if successful.Recent NewsAstar has been on a roll. In May 2025, the network expanded its Superchain ecosystem with Soneium, enhancing cross-chain compatibility [astar.network, 05/15/2025]. The Neemo incident, reported on July 6, 2025, temporarily halted dApp Staking but showcased Astar’s swift response, coordinating with Neemo to secure funds [X Post, 1941905010947661834]. Community trust remains high, with the Astar Foundation emphasizing the network’s uncompromised security [Astar Forum, 07/06/2025].Future PlansAstar’s roadmap includes scaling dApp Staking v3 with improved reward tiers and integrating more DeFi protocols on Soneium by Q4 2025 [docs.astar.network, 06/2025]. A second vote for the remaining 177.5 million ASTR (Chunk 2) is slated for later this week, signaling ongoing governance evolution [Astar Forum, 07/06/2025]. These steps aim to solidify Astar’s position as a hub for Web3 innovation in Japan and beyond.Onchain DataExact staking metrics post-maintenance are pending, but pre-incident data showed over 200 million ASTR locked in dApp Staking, with daily transaction volumes exceeding 10,000 [docs.astar.network, 06/2025]. Post-vote, expect a spike in staking activity as maintenance lifts. Current ASTR supply is 8.9 billion, with 7.98 million ASTR already voted, reflecting strong community engagement [Astar Forum, 07/06/2025].Community SentimentX reactions are mixed but optimistic. Users like @onchaingodson praise Astar’s “proactive governance” [X Post, 1941920329925906729], while @Crypto_King_1st raised withdrawal concerns [X Post, 1941910639405842685]. Critics like @Kor_CoinRich called it a “scam” amid a 30.51% price drop [X Post, 1941802044156965118], though this reflects market volatility, not network failure. Influencers highlight Astar’s transparency as a bullish signal.Additional InsightsCompared to competitors like Polkadot, Astar’s stake-weighted voting adds unique governance flair. With DeFi hacks costing $3.1 billion in 2023 [Chainalysis, 2023], this event underscores the need for robust security. Stakers could see resumed rewards, but monitor volatility risks.Risk Disclaimer: Crypto investments carry volatility and security risks. Research thoroughly before participating.

The referendum, launched on July 17, 2025, proposes establishing an HRMP (Horizontal Relay-routed Message Passing) channel between Astar Network and the Coretime system chain . This is the first of two votes needed to adopt Agile Coretime, a flexible blockspace allocation system from Polkadot. The goal? Lower execution costs, on-demand core usage, and improved scalability as Astar’s current parachain lease expires in August 2025 . A successful vote unlocks seamless XCM (Cross-Consensus Messaging) integration, ensuring no downtime during the transition. This move aligns with Polkadot’s vision of optimizing resources across its ecosystem, potentially setting a precedent for other parachains .Recent NewsAstar has been busy! In the past three months, the project expanded its Astar Collective initiative, bridging Astar and Soneium ecosystems for enhanced interoperability . Additionally, Astar announced a $30,000 grant pool to boost dApp development, signaling strong community support . These milestones highlight Astar’s focus on growth, making this referendum a natural next step in its evolution.Future PlansLooking ahead, Astar aims to complete its Agile Coretime migration by August 2025, followed by a second referendum to finalize the shift . The roadmap includes deeper integration with Polkadot’s Coretime Chain marketplace, where excess blockspace can be traded, and expanded dApp staking rewards for ASTR holders . This positions Astar as a scalable Layer-1 solution, with plans to attract more enterprise and gaming projects to its ecosystem.Onchain DataSpecific onchain metrics for this referendum (e.g., voting turnout or ASTR staking) are not yet fully available as of July 18, 2025, given the vote’s early stage. However, Astar’s total staked ASTR has historically hovered around 50-60% of its circulating supply, per Polkadot.js analytics .We’ll update with real-time data as voting progresses!Community SentimentX reactions are mixed. Supporters like @GabrielLew12512 praise the scalability potential, calling it “ecosystem evolution in action”. However, @hanjunh86091352 expressed frustration, citing Astar’s recent market underperformance . Influencers remain cautiously optimistic, noting the technical upgrade’s long-term benefits despite short-term volatility risks.Additional InsightsThis transition pits Astar against competitors like Kusama, which also explores flexible coretime models. Market trends suggest increased interest in Polkadot’s ecosystem, with ASTR’s price showing resilience amid broader crypto fluctuations . For users, expect lower gas fees and more dApp opportunities, though early adopters should monitor vote outcomes for stability.Risk Disclaimer: As with any blockchain upgrade, volatility or technical hiccups could occur. Always DYOR and assess your risk tolerance.

The Tokenomics 3.0 vote is an offchain confidence poll open to $ASTR holders, accessible via Astar Opensquare until September 28 at 00:00 UTC. This proposal aims to transition $ASTR from an inflationary model to a fixed supply of approximately 10.5 billion tokens, introducing emission decay, a 50% fee burn, 30% to collators, 20% to treasury, and Protocol-Owned Liquidity (POL) for sustainable coretime. The process encourages holders to review the full proposal and join discussions, empowering the community to decide Astar’s long-term economic structure.Recent NewsIn recent months, Astar has been preparing for this shift, with a May 2025 proposal exploring a fixed supply model gaining traction. The official vote launch on September 17, accompanied by a detailed thread, has sparked engagement, building on the network’s success in stabilizing dApp staking APRs and burning transaction fees. This move reflects Astar’s commitment to aligning its tokenomics with network growth, a topic hotly debated as the voting period progresses.Future PlansPost-vote, Astar plans to implement the approved tokenomics changes, potentially rolling out enhanced staking rewards and POL initiatives by late 2025. The roadmap includes expanding dApp ecosystem support and exploring new governance features, with this vote shaping the foundation for those developments. The outcome could influence future upgrades, positioning Astar as a leader in sustainable blockchain economies.Onchain DataSpecific onchain data for the vote isn’t detailed here, but Astar’s network shows steady activity, with its current circulating supply of around 8.4 billion $ASTR and a history of fee burning reducing inflation. Transaction volumes tied to dApp staking and governance suggest robust participation, though exact voting metrics require further analysis from platforms like Dune Analytics. This activity underscores the community’s active role in the process.Community SentimentThe X community is deeply engaged, with posts reflecting a mix of excitement and debate about the fixed supply and emission decay. Supporters highlight the deflationary potential, while some question the impact on staking rewards, sparking lively discussions. Sentiment leans toward optimism, with many urging participation before the September 28 deadline, just one week away.Why It MattersThis vote is a defining moment for Astar, potentially shifting $ASTR to a capped supply and enhancing its long-term value. For holders, it’s a chance to influence the token’s future; for the ecosystem, it could drive adoption and sustainability. The outcome might affect market dynamics, so participants should stay informed as the vote concludes next week.