PANews reported on July 2 that according to CoinDesk, the multi-chain smart contract network Astar Network will destroy 350 million ASTR, accounting for 5% of its total supply. These tokens were originally allocated for the Polkadot parachain auction, but the product has been discontinued. The 70 million ASTR rewards generated by the 350 million ASTR tokens destroyed will be transferred to the community treasury. ASTR has risen more than 7% in the past 24 hours. Astar Network also reached an agreement with Polygon in March to integrate its AggLayer product, which aims to use zero-knowledge proofs to connect various blockchains and provide unified liquidity.