- Aster redirects daily trading fees across chains into automatic $ASTER buybacks tied to market activity.
- The reserve fund has spent $136M to repurchase 147M tokens, with buys executed transparently on-chain.
- Aster also launched its sixth airdrop phase, distributing 64M tokens with optional vesting and burns.
Aster DEX has officially activated its Strategic Reserve Buyback Fund for $ASTER tokens, redirecting daily platform fees into systematic buybacks. According to Aster, the program dynamically responds to market conditions to support long-term value and reward holders. The fund has already deployed more than $136 million to acquire over 147 million $ASTER tokens.
How the Buyback Mechanism Works
The buyback strategy channels revenue from daily trading fees across multiple chains, including BNB Chain, Ethereum, Solana, and Arbitrum, into targeted token repurchases. Aster explained that any remaining capital from the Strategic Reserve Buyback Fund is also deployed alongside daily fee revenue.
The program is designed to adjust automatically based on trading volume and market activity. All buybacks are executed transparently on-chain through the designated reserve wallet (0x5E…a397), enabling community members to independently track transactions in real time.
Recent $ASTER Buyback Activity
On-chain data indicates the fund is operating at substantial scale. Since activation, $136.4 million has been spent to repurchase approximately 147.4 million $ASTER tokens at an average price of $0.925.
In the most recent 24-hour period, Aster repurchased 2.23 million $ASTER tokens, with $1.28 million in platform fees directed into the fund. On February 1, the protocol spent around $1.19 million to acquire 2.13 million tokens, signaling steady accumulation amid ongoing market volatility.
Additional Token Updates
Alongside the buyback program, Aster is launching the sixth airdrop phase. This phase will distribute 0.8% of the total supply, about 64 million $ASTER tokens, over eight weeks with an optional six-month vesting period and token burning mechanism.
Meanwhile, Meteora concluded its airdrop claim period, leaving approximately 98.9 million unclaimed MET tokens. These tokens will be transferred to the Meteora ecosystem reserve to support future development initiatives.