Aster burned 3,083,815.69 ASTER from its team allocation between June 29 and July 13, matching the amount purchased with 99% of daily platform fees during the two-week period.
The market purchases were assigned to veASTER stakers rather than destroyed. A separate 3,083,815.69 ASTER was permanently removed from the team allocation under the protocol’s one-for-one burn structure.
Burns under the upgraded model have now reached 6,020,941.22 ASTER since the mechanism took effect on June 17. Cumulative burns across Aster’s current and previous programs stand at 183,801,942.79 ASTER.
The first cycle removed about 2.94 million tokens, followed by the 3.08 million burned during the latest period.
Fee Revenue Funds Daily Market Purchases
Aster’s revised tokenomics directs 99% of daily platform fees into automatic ASTER purchases executed through time-weighted orders.
Each token purchased for veASTER rewards triggers an equal burn from protocol reserves, beginning with the team allocation. The structure replaced Aster’s previous staged model, which divided fee revenue between automatic purchases and a discretionary strategic reserve.
Aster had previously accelerated its Stage 4 buybacks to roughly $4 million per day as the perpetual exchange worked through accumulated fees.
Permissionless spot listings add another source of buying. Each listing carries a 50,000 USDT fee that is used to acquire ASTER for staker rewards.
The burn program is scheduled to continue until total supply falls to 3 billion ASTER from an original maximum of 8 billion. ASTER traded near $0.62 on July 13, little changed during the session.
Aster Adds Reserve Burns To The Perp DEX Buyback Model
The upgraded structure strengthens the fee-to-token link that has shaped competition between Aster and Hyperliquid.
Both platforms use trading revenue to purchase their native tokens, but Aster now pairs every market purchase with an equal reserve burn. Repurchased ASTER goes to veASTER stakers, while the matching amount disappears from the team allocation.
ASTER’s fee-backed purchases have remained under scrutiny because token unlocks previously outpaced buybacks. The new structure directly reduces team supply while transferring bought-back tokens to users who lock ASTER.
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