Burning 5 billion tokens! Aster announces that the buyback and burn ratio has increased to 198%, and the $ASTER token price surges 9%

Decentralized Exchange Aster Announces Major Tokenomics Upgrade! According to an official X account announcement, starting today (17th), the platform will implement a "198% Buyback and Burn Mechanism," with plans to significantly reduce the total token supply by over 60%. Driven by this highly deflationary news, the price of ASTER surged over 9% in a short period, reaching a high of $0.73.
(Background recap: Aster suspected mainnet launch! Whales with 4x leverage buried 2,593 $ASTER tokens, earning nearly $4 million)
(Additional background: After the sharp rise in Aster’s price, CEO Leonard gave his first interview: buyback strategy will become more flexible, with Binance as the main competitor)

The decentralized exchange sector is once again igniting a battle between "Real Yield" and extreme deflation. Aster’s official account released a new Tokenomics upgrade today (17th), announcing a substantial increase in buyback and burn efforts, officially putting the platform’s token $ASTER on a deflationary fast track.

Encouraged by this major bullish news, market funds rapidly flowed in, causing $ASTER ’s price to jump over 9% in a short time, currently trading at $0.73, with community discussion also surging.

[Tokenomics Update] $ASTER Buyback and Burn Steps Up to 198%

Aster is upgrading its buyback so the platform's own activity both rewards stakers and sets $ASTER on a deflationary path.

Starting from 12:00 PM UTC today, 99% of Aster's daily platform fees buy back $ASTER. An equal…

— Aster 🥷 (@Aster_DEX) June 17, 2026

99% fee buyback + equal amount burn, total supply slashed by 60%

According to the official announcement, starting at 12:00 noon UTC on June 17, 2026, Aster will implement a dual deflation mechanism called "198% Buyback and Burn." The specific operation is as follows:

• 99% of platform fees used for buyback: Up to 99% of the daily fees generated by the platform will be directly used to buy back $ASTER on the market.
• Equal amount reserve burn: Every time the system buys back 1 $ASTER on the market, it will simultaneously burn 1 $ASTER from the team’s reserve allocation, achieving a total deflation effect of 198%.

The Aster team demonstrates great determination, announcing that the initial total supply of $ASTER will be 8 billion tokens, and this burn mechanism will continue until the total supply drops to 3 billion tokens, meaning over 60% of tokens will vanish into thin air in the future. The official emphasizes that all buybacks will be automatically executed via TWAP (Time-Weighted Average Price) and settled on-chain daily, allowing anyone to verify publicly.

Buyback tokens will be fully redistributed to stakers, with added incentives for listing fees

In addition to reducing circulating supply, this upgrade also directly empowers token holders. All $ASTER bought back from the market will be fully distributed to stakers. During each epoch, these buyback tokens will be added to the basic 300k $ASTER Loyalty Rewards pool and distributed based on users’ veASTER locking weight.

Furthermore, Aster has introduced an additional buyback funding source. In the future, every permissionless listing on Aster Spot’s spot market will generate a fee of 50,000 USDT, which will be 100% used for buyback of $ASTER and fully allocated as extra staking rewards.

Following the release of this upgrade announcement, emphasizing transparency and strong deflationary pressure, it quickly gained tens of thousands of views and widespread positive feedback within the community. Most investors are optimistic about the long-term price appreciation potential of this extreme deflation model; however, some community members have called for the team to further burn the unvested supply to demonstrate stronger market control.