xASTRO staking and upcoming ‘Terra wars’ send Astroport price to new highs

Cointelegraph

Published Apr 08, 2022 11:54AM ET

Updated Apr 09, 2022 03:00PM ET

Projects that launch on up-and-coming blockchain networks can often benefit from a low competition environment that allows them to attract new users and liquidity at a faster rate than crowded networks like Ethereum.

A recent example of this is Astroport (ASTRO), an automated market maker (AMM) on the Terra (LUNA) network, which has seen an influx of activity alongside the increased attention that is being focused on the Terra ecosystem and its Terra USD (UST) stablecoin.

ASTRO/USDT 4-hour chart. Source: TradingView
ASTRO staking statistics. Source: Astroport
Total value locked on Astroport. Source: Defi Llama

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