ASTER burns over 210M tokens – Why has its price stalled for 8 months?

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. Since the perps DEX upgraded its tokenomics on June 17th, the cumulative burn has now exceeded 32.30 million coins. Now, the cumulative burn across all programs has surpassed 210 million ASTER.

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