Aster announced its first token burn after completing the upgrade. Since the tokenomics model upgrade on June 17, as of 00:00 UTC on June 29, the platform has been using 99% of daily transaction fees to buy back approximately 2.937 million ASTER to reward stakers, while simultaneously burning an equivalent amount of ASTER from the team allocation. The related burn transactions have been completed on-chain and are publicly verifiable.