Key Highlights
- Aster completed its first buyback and burn, repurchasing 2.94 million ASTER tokens using 99% of daily protocol fees.
- The bought-back tokens will reward stakers, while an equal number of tokens are permanently removed from reserves to gradually reduce ASTER’s total supply.
- Aster’s new tokenomics ties platform activity directly to ASTER demand, with automatic daily on-chain buybacks through a TWAP system.
Aster, a decentralized exchange (DEX) built on the BNB Chain, has completed its first token buyback and burn under the new tokenomics system introduced earlier this month.
In an X post on Monday, the protocol said that the buyback used 99% of the daily fees collected since June 17, while an equal number of tokens was permanently removed from the team’s allocation.
“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,” the team posted.
How the buyback rewards ASTER stakers
The buyback and the burn may sound like the same thing, but they serve different purposes. The tokens bought back from the market are not destroyed. Instead, they are given to people who stake their tokens through Aster’s Loyalty Rewards program. This means users who lock their ASTER tokens to support the network can receive extra rewards.
According to the protocol, every reward period includes a base reward of 300,000 ASTER. On top of that, the tokens bought back using the platform’s daily fees are added to the reward pool. The amount each person receives depends on how much veASTER they hold and how long they have locked their tokens.
Why the token burn is different
The burn works differently. While the bought-back tokens go to stakers, Aster removes the same number of tokens from its own reserves. The burn starts with the team’s token allocation. Once these tokens are burned, they are gone forever and can no longer be used or traded.
According to Aster, this burn process will continue over time until the total ASTER supply falls from 8 billion tokens to 3 billion tokens. The project believes this gradual reduction will become a long-term part of its updated token system. To make the process open for everyone to see, Aster said the buybacks happen automatically through a daily time-weighted average price (TWAP) system.
The updated tokenomics also introduce another way to support future buybacks. Aster said every permissionless listing on Aster Spot will require a 50,000 USDT fee. Instead of keeping those fees, the protocol will use them to buy more ASTER tokens, which will then be added to staking rewards.
Broader context
Aster introduced this new tokenomics model earlier this month to create a stronger link between activity on its platform and the ASTER token.
As more users trade on the exchange and the protocol collects more fees, more tokens can be bought back for stakers. At the same time, an equal number of tokens will continue to be burned from the project’s reserves, reducing the total supply step by step.
At the time of this writing, ASTER was trading at around $0.61, up approximately 0.34% over the previous 24 hours, according to CoinMarketCap.
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