Aster's Token Supply Tightens Amid Buybacks and Burns

Aster has made significant strides in reducing its token supply through buybacks and burns. Between July 27th and August 10th, the project allocated 99% of daily platform fees to ASTER buybacks, totaling 2,851,653.28 ASTER.

The team matched these purchases with a 2.85 million ASTER burn from its allocation, pushing cumulative burns under the new tokenomics to over 11 million ASTER since June 17th.

Total burns across all programs reached 188,867,109.98 ASTER, and continued platform use could link revenue to periodic token removals.

The project's staking program has also seen estimates place 5.30% to 8.10% of ASTER's supply in staking.