Aster turns on the burn jets: 99% of fees now chase ASTER tokens until 5B vanish 🔥

Aster has restructured its tokenomics, committing 99% of daily platform fees to open-market purchases of ASTER while pairing each buyback with an equal token burn, according to a June 17 announcement from the protocol. The revenue-linked mechanism is designed to run until ASTER's total supply is reduced to 3 billion tokens, implying a long-term reduction of up to 5 billion tokens from its current maximum supply of 8 billion ASTER.

Under the new framework, 99% of daily platform fees will be routed through an automated time-weighted average price (TWAP) process to buy ASTER on the open market. Purchased tokens are sent to a public buyback wallet and later distributed to veASTER stakers during reward epochs, supplementing the protocol's existing 300,000 ASTER base loyalty rewards. Aster also said revenue from permissionless spot listings, which carry a 50,000 USDT fee per listing, will feed the same buyback program.

A burn mechanism runs in parallel with the buyback system. For every ASTER token purchased through the revenue-backed program, an equivalent amount will be destroyed from reserve allocations, beginning with the team's allocation before other reserve categories are tapped. Burns will be executed on a two-week cadence and continue until ASTER's total supply reaches the 3 billion token target.

Aster restated its broader token allocation structure in the same update, reporting that 53.5% of ASTER's supply is allocated to community rewards and airdrops, 30% to ecosystem growth, partnerships, liquidity incentives and staking programs, 7% to the treasury, 5% to team contributors and advisors, and 4.5% to liquidity and exchange listings. The team allocation remains subject to a 12-month cliff followed by 40 months of linear vesting.