Aster Executes First Token Burn of 2.93M ASTER Under New Tokenomics

Aster announced on X that it has completed its first token burn following updates to its tokenomics framework, with all transactions verifiable on-chain.

Since June 17, the protocol has allocated 99% of daily fees toward buying back 2,937,125.53 ASTER tokens for stakers (as of June 29, 2026, 00:00 UTC). Alongside these buybacks, an equal amount of 2.93 million ASTER from the team’s allocation has been permanently burned, finalizing the corresponding reduction in supply.

Source: Aster