Aster DEX burned 6.02 million $ASTER tokens between June 17 and July 13 under a new token buyback program, the decentralized exchange said in an announcement. During the second half of the two-week period, 99 percent of daily platform fees funded repurchases of 3.08 million tokens for stakers, matched by an equivalent burn from the team allocation.
The buyback mechanism routes platform revenue directly into token repurchases rather than treasury accumulation. Aster matched each buyback with an equal burn from team reserves, reducing total supply. The program launched June 17 as part of an upgraded tokenomics structure designed to reward stakers through token scarcity.
Cumulative token burns across all Aster programs have reached 183.8 million $ASTER since inception. The staking program offers variable annual percentage yields depending on lock-up duration: 5.35 percent for a 26-week commitment and 28.85 percent for the maximum 208-week lock, according to the June 13 update.
Aster operates as a decentralized exchange on the Binance Smart Chain. The buyback cycle demonstrates a direct link between platform activity and token scarcity; higher fee volumes generate larger repurchase amounts during each period. The program is ongoing, with new cycles tracked publicly on-chain.
