Aster

Aster 推出了 AOS-2 標準，將永續市場轉變為公開質押投票機制，實現去中心化治理。Aster 支援 bStock 作為 BNB Chain 上永續合約的抵押品，最初涵蓋包括 TSLAB 在內的資產，並擴展實體資產整合。

On June 17, 2026, Aster upgraded its tokenomics: 99% of daily platform fees are used to automatically buy back ASTER via TWAP and are distributed to veASTER stakers, while an equal amount is burned from reserves (team allocation first) every two weeks, targeting a reduction of total supply from 8 billion to 3 billion tokens; the 50,000 USDT permissionless listing fee also funds buybacks.

From October 5 to 19, the protocol used 99% of fees to repurchase 2.7217 million ASTER and burned an equal amount of team tokens; cumulative burns under the new model reached 32.3079 million, and total historical burns exceeded 210 million. As of October 19, estimated annualized staking yields were 4.53% for a 26-week lock and 24.8% for a 208-week lock. Since the Aster Chain mainnet went live in March, the protocol has ranked among the top two perp DEXs by volume, with cumulative protocol fees exceeding $460 million.

Aster completed the mainnet launch of its own L1, Aster Chain, in Q1 2026, alongside developer tooling Aster Code and fiat on/off-ramps. On the trading side it shipped Shield Mode (private high-leverage) and TWAP strategy orders, and expanded RWA markets such as stock perpetuals. On the deflationary front, after the 155.7 million-token S3 buyback the team burned 77.86 million ASTER (~$89.8M), with cumulative buybacks reaching 165.8 million.

Future strategy and roadmap: Aster's differentiation is not throughput but giving nearly all fees back to the token: since June, 99% of daily platform fees fund open-market buybacks, matched by an equal burn from the team allocation, with supply capped toward 3 billion and veASTER holders as the main distribution channel, which ties valuation to volume rather than narrative. On product, Aster Chain's private orders and stock and commodity perpetuals target markets Hyperliquid does not cover, while yield-bearing collateral retains market makers; the cost is roughly $0.9 billion in daily perpetual volume, about a fifth of Hyperliquid's, and DefiLlama no longer treats its historical volume as verified because it is reported offchain. Whether buybacks become sustainable unit economics depends on real fee rates and market-maker depth rising together after Aster Chain's launch.

Leonard是Aster的匿名共同創辦人兼執行長。在踏入加密貨幣領域之前，他在傳統金融業工作了5到6年，最初在香港一家投資銀行從事高頻交易基礎設施的開發，隨後轉向股票交易風險引擎的軟體開發。他的早期創業項目包括一個P2P借貸平台、一個基於IBM Hyperledger的借貸平台，以及一個遊戲/NFT平台。2019年，他加入幣安擔任專案經理，與時任執行長趙長鵬密切合作，後者後來成為他的導師。離開幣安後，受到Uniswap、dYdX和Hyperliquid的啟發，他創立了Aster（由Apollox與Astherus合併而成），並獲得YZi Labs的種子輪投資。他提倡產品優先的理念，旨在複製中心化交易所的使用者體驗，同時具備自我託管的安全性。Aster已從去中心化交易所發展為開發一條專注於隱私的第一層區塊鏈。他曾於幣安區塊鏈週發表演講。

Aster spot trading carries base fees of 0.005% for makers and 0.04% for takers, with VIP tiers assessed on rolling 14-day volume and a further 5% discount when spot fees are paid in $ASTER.

Aster perpetual contracts charge 0% maker and 0.04% taker fees on standard crypto pairs, 0.1% taker on Group B pairs, and a uniform 1.25 bps taker fee on RWA perpetual pairs.