Aster strengthens its token buyback and burn program: ASTER price surges by 10%
The DeFi platform Aster DEX has announced a radical update to its tokenomics, which came into effect on June 17, 2026. The key change is that now 99% of all daily exchange commission fees are automatically directed towards buying back $ASTER tokens from the open market. The repurchased assets are distributed among veASTER holders, and an equivalent number of tokens are burned until the total supply is reduced to a target level of 3 billion.
Aggressive Fee-Based Buyback Mechanism
The new scheme radically strengthens the existing revenue redistribution strategy. Now, 99% of Aster's daily fees are converted into tokens via a TWAP algorithm within 24 hours and sent to a public on-chain address for verification. All repurchased tokens go into the Loyalty Rewards pool, which supplements the base pool of 300,000 $ASTER. Distribution occurs proportionally to the veASTER lock weight. Each repurchased token is offset by burning an equivalent volume from reserves, primarily from team allocations. Burning will be conducted bi-weekly until the total supply reaches 3 billion. An additional incentive is created by new listings on spot exchanges: a commission of 50,000 USDT from each listing is also directed towards token buybacks.
Current Supply Status
At launch, the total supply of Aster was 8 billion tokens. As of June 17, 2026, the total supply has decreased to ~7.82 billion, with a circulating supply of ~2.68–2.70 billion. Previous buyback and burn programs have already removed tens of millions of tokens from the market, and the cumulative turnover of fee-based buybacks previously exceeded hundreds of millions of dollars. The update increases the share of fees directed towards buybacks from the previous 70–80% to nearly the full volume, which directly benefits token holders.
Market Context and Significance for Investors
Perpetual contract exchanges maintain high trading volumes amid the crypto market recovery. Aster has already processed billions of dollars in volume and competes with major players like Hyperliquid. The 198% mechanism (99% buyback + 99% equivalent burn) triggers a self-sustaining cycle: the more active the platform's users, the higher the buying pressure on $ASTER and the faster the deflation. For investors, the update enhances real yields for staking participants and protects against significant long-term dilution. The transparent on-chain implementation using verifiable wallets increases trust in the project — a sector often criticized for opaque token economics.
The program operates continuously, with burns conducted bi-weekly. Trading volumes — if they remain or grow — will determine the rate of supply reduction and the level of rewards. Aster continues to launch new features, including potential developments at the level of its own blockchain network and expanded governance, which could further increase fee income. The update makes the $ASTER token one of the most beneficial for users and long-term holders in the DeFi perpetual contract sector — yields are directly linked to platform activity and audience growth.