Aster, a decentralized exchange on the BNB chain, has completed its first token burn under upgraded tokenomics, the team said in a post on X.
According to the protocol, 99% of the daily fees accrued since June 17 were used for approximately $2.9 million in buybacks. $ASTER An equal amount will be burned from the team allocation for stakers as of June 29th.
The first write based on the upgraded tokenomics is performed on-chain and is verifiable.
Since June 17, 2026, 99% of daily fees have been redeemed for $2,937,125.53. $ASTER For stakers (as of June 29, 2026 00:00 UTC). Matches 2,937,125.53 $ASTER Burned from team assignment. … https://t.co/oOs83pyGLa
— Aster🥷 (@Aster_DEX) June 29, 2026
of $ASTER At the time of writing, the token was trading at $0.63, up about 1.5% over the past 24 hours.
Earlier this month, Aster announced that 99% of daily protocol fees will be $ASTER Buy back the same number of tokens from the reserve while burning them.
As the team previously noted, the buybacks were executed automatically through the daily on-chain TWAP process and distributed to veASTER holders through the protocol’s loyalty rewards program. Each distribution period includes a base reward of 300,000 $ASTER In addition to the redeemed tokens.
Reserve burn is initially drawn from a team’s allocation and continues until the next deadline. $ASTERAccording to Aster, the total supply will decrease from 8 billion tokens to 3 billion. The protocol also states that the 50,000 USDT fee charged for unauthorized listings on Aster Spot will be directed towards further purposes. $ASTER Buybacks for stakers.
