Crypto News
Aster DEX is stepping up its deflationary mechanics. Starting 12:00 PM UTC on June 17, ninety-nine percent of the platform's daily fees will be used to buy back $ASTER, with an equivalent amount distributed to stakers — a 198% combined payout-to-burn ratio, the project said.
Why it matters
The structure ties two demand sinks to one revenue stream: holders capture yield while circulating supply is withdrawn from the market in the same transaction. Aster is positioning the move as a Hyperliquid-style alignment between protocol revenue and token holders, on a perps DEX that has been pitching itself as a direct rival.
Market impact
$ASTER jumped roughly 10% on the announcement, outperforming the broader DeFi complex on the day. The buyback step-up lands against a backdrop of declining sector-wide DEX volumes, making per-token tokenomics the more visible differentiator while trading activity stays range-bound. Watch the on-chain buyback wallet for the first weekly execution print as the read on whether the 198% figure holds through a full fee cycle.
Frequently asked questions
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What is Aster's new 198% buyback-and-burn?
Starting June 17 at 12:00 PM UTC, Aster routes 99% of its daily platform fees into $ASTER buybacks, with an equivalent value distributed to stakers — a combined payout-to-burn ratio of 198%.
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How did the $ASTER token react to the announcement?
$ASTER rose roughly 10% on the announcement, outperforming the broader DeFi complex on the day.
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Why is the buyback compared to Hyperliquid?
The structure aligns protocol revenue directly with token holders — paying stakers while burning supply from the same fee stream — a model Hyperliquid pioneered among perps DEXs that Aster is now mirroring.
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Is the 198% figure paid to holders or burned?
The 198% is split: 99% of daily fees buy back $ASTER from the market, and an equivalent value is distributed to stakers, so both demand sinks draw from the same revenue stream.
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What is the next datapoint to watch?
Aster's on-chain buyback wallet's first full-week execution print will confirm whether the 198% figure holds across a complete fee cycle.
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