ASTER burns over 210M tokens – Why has its price stalled for 8 months?
Photo: AMBCrypto
The decentralized exchange [DEX] that was initially built on BNB Smart Chain, Aster DEX [ASTER], is back in the daily trends. Once again, the resurgence is due to its tokenomics and network activity. Its mindshare surged by 28.56%, as seen in 4.19K engagements and mentions from top influencers. Will buybacks help the price escape multi-month sideways consolidation? Platform fees feed into ASTER buybacks Over the past two weeks, the platform has used 99% of the fees to buy back 2.721 million ASTER for stakers. An equal amount was burned from the team's allocation, a total of 5.443 million tokens.
Source: AMBCrypto
