Photo: Aster DEX
Aster executes first token burn under upgraded tokenomics
ASTER was trading at $0.63, representing a gain of roughly 1.5% in the past 24 hours.
Aster, a decentralized exchange on BNB Chain, completed the first token burn under its upgraded tokenomics, the team said in a post on X.
The protocol said 99% of daily fees generated since June 17 have been used to buy back about 2,9 million ASTER for the stakers as of June 29, with a matching amount burned from the team allocation.
The first burn under the upgraded tokenomics is executed and verifiable on-chain.
Since 2026-06-17, 99% of daily fees have bought back 2,937,125.53 $ASTER for stakers (as of 2026-06-29 00:00 UTC). A matching 2,937,125.53 $ASTER has been burned from team allocation.… https://t.co/oOs83pyGLa
— Aster 🥷 (@Aster_DEX) June 29, 2026
The ASTER token changed hands at $0.63 at press time, up approximately 1.5% in the last 24 hours.
Earlier this month, Aster introduced a revised tokenomics structure that dedicates 99% of daily protocol fees to ASTER buybacks while burning an equal number of tokens from reserves.
The buybacks were executed automatically through a daily on-chain TWAP process and distributed to veASTER holders via the protocol’s Loyalty Rewards program, as previously noted by the team. Each distribution period will include a base reward of 300,000 ASTER in addition to the repurchased tokens.
The reserve burn will initially draw from the team’s allocation and continue until ASTER’s total supply falls from 8 billion to 3 billion tokens, according to Aster. The protocol also said the 50,000 USDT fee charged for permissionless listings on Aster Spot would be directed toward further ASTER buybacks for stakers.