Aster conducts its first buyback and burn after launching the new tokenomics, with approximately 2.937 million ASTER burned.

Foresight News reports that Aster tweeted it has completed its first buyback and burn operation under its upgraded tokenomics model, with relevant data verifiable on-chain. As of 8:00 on June 29, starting from June 17, the platform has allocated 99% of daily fees to buybacks, cumulatively buying back nearly 2.937 million ASTER for stakers, and simultaneously burning an equal amount of approximately 2.937 million ASTER from the team's allocation.

Previously, Foresight News reported that Aster has announced the buyback and burn ratio would be increased to 198%. This means ASTER bought back would be matched 1:1 with ASTER burned from the team allocation. The buybacks are automatically executed daily via TWAP and settled on-chain, with all buyback and burn data publicly verifiable.