Aster DEX has overhauled its tokenomics, now routing 99% of daily fees into ASTER buybacks and matching burns, pushing the token up more than 10%. However, later its price has faced a correction.
Aster, the decentralized exchange competing with Hyperliquid, just overhauled its tokenomics. According to its X page, the protocol now directs 99% of daily platform fees into automatic ASTER buybacks, with an equal amount burned from reserves—team allocations go first.
The combined effect is a 198% buyback-and-burn ratio. It marks one of DeFi’s most aggressive deflationary mechanisms to date.
Repurchased tokens don’t disappear. They flow to veASTER stakers through Loyalty Rewards, weighted by lock duration. Burns run automatically through TWAP execution and settle on a public wallet, so anyone can verify the process on-chain.
The goal is steep. Aster wants to cut its total token supply from 8 billion to 3 billion ASTER—a 62.5% reduction. Every permissionless listing on Aster Spot adds fuel too, with a 50,000 USDT fee routed straight into more buybacks.
Markets liked the update. ASTER jumped more than 10% within hours of the announcement, trading near $0.74 by June 18. Currently, the price has rebounded, and the token is hovering around $0.669.
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