Validators process transactions and receive fees from users (supply-side fees).

Astar is a collective driving web3 adoption by connecting people through blockchain technology, business innovation, decentralized applications, and seamless digital experiences in the Polkadot ecosystem. Astar was founded by Sota Watanabe and launched in 2021.

ASTR tokenholders own and govern the protocol. Part of the transaction fees is burned (revenue). Astar’s investors include Binance, Polychain Capital, Crypto.com, etc.

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# Astar Staking market cap Methodology

## 1. Overview

Staking market cap measures the total USD value of ASTAR tokens locked in validator deposits across the Astar network. This metric quantifies the economic value secured through the proof-of-stake consensus mechanism by aggregating all validator deposits and converting them to USD terms using market prices.

## 2. Data sources

The calculation uses two primary data sources:
- **Astar validator state data**: Blockchain data containing validator addresses, deposit amounts, and block timestamps from the Astar network's staking system
- **External price feeds**: End-of-day ASTAR token price feeds from CoinGecko for USD conversion

## 3. Step-by-step calculation

### Component A: Validator deposit aggregation
- **Purpose**: Extracts and aggregates all validator deposits on a daily basis
- **Logic**: The system processes Astar blockchain validator state data, extracting validator addresses, deposit amounts, and block timestamps. Data is grouped by daily boundaries using timestamp truncation, and all validator deposits are summed for each day. Deposit amounts are converted from the smallest unit (wei, represented as 10^-18) to native ASTAR tokens by dividing by 10^18.
- **Key fields**: `timestamp` (daily boundary), `address` (validator identifier), `deposit` (staked amount in smallest unit)

### Component B: USD conversion
- **Purpose**: Converts native ASTAR token amounts to USD values using market prices  
- **Logic**: The aggregated daily staking amounts in ASTAR tokens are converted to USD using end-of-day price feeds from CoinGecko. The conversion uses the `coingecko_id` of 'astar' to match against the appropriate price data.
- **Key fields**: `staking_market_cap` (USD value), `coingecko_id` ('astar' for price lookup)

### Final aggregation
- **Combining components**: The USD-converted staking amounts represent the final metric value for each day
- **Currency conversion**: Uses CoinGecko end-of-day ASTAR token prices to convert from native tokens to USD
- **Time aggregation**: Daily boundaries are established using timestamp truncation to day level
- **Final calculation**: The staking market cap equals the sum of all validator deposits converted to USD, representing the total value of tokens securing the Astar network through staking

The methodology includes data standardization through gap filling with a forward-fill strategy for missing days and chain availability filtering to ensure data quality. The final output provides daily staking market cap values in USD for the Astar network.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of native tokens currently staked to secure a proof-of-stake network.

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Staking market cap

Staking market cap

Competitive landscape

Chain breakdown