Aster climbs as DEX rolls out 198% buyback and burn update

Aster, a decentralized exchange on BNB Chain, announced a tokenomics update that directs nearly all platform fees toward token buybacks and reserve burns, sending its native token ASTER up more than 20%.

[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

The token climbed near $0.80 after the announcement before paring some gains. ASTER was last trading around $0.74, still up about 12% over the past 24 hours.

Under the new model, 99% of Aster’s daily platform fees will be used to buy back ASTER starting at 12:00 PM UTC today. The protocol will also burn an equal amount of ASTER from reserves, creating what the project described as a 198% buyback and burn effect.

The bought back tokens will not be burned. Instead, they will be distributed to stakers through Aster’s Loyalty Rewards program. Each epoch will include a 300,000 ASTER base reward plus the buyback amount, with distribution to veASTER holders based on lock weight.

The reserve burn will prioritize the team allocation first. Aster launched with a total supply of 8 billion ASTER, and the burn will continue until total supply falls to 3 billion tokens.

Aster said the buybacks will run automatically through a daily TWAP process and settle on chain. The project also published the buyback wallet, allowing users to verify the process publicly.

The update strengthens the link between Aster’s platform activity and ASTER demand. Higher fees now translate into larger daily buybacks, larger staking rewards and a faster reduction in reserve supply.

Aster also said every permissionless listing on Aster Spot will carry a 50,000 USDT fee, with the proceeds used to buy back ASTER as additional staking rewards.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.