🔥ASTER and the supply problem: Is the upcoming unlock truly a risk, or has the story changed since June?
aster-2:native is the most interesting case among this season's perpDEXs, perhaps only after $HYPE. The project team has changed the tokenomics twice within a few months.
🔴According to the original tokenomics, ASTER has a max supply of 8B tokens, allocated into 5 groups:
- Airdrop: 53.5% (~4.28B) - 8.8% of total supply (704M tokens) unlocks immediately at TGE on 17/9/2025, the remainder vests gradually over 80 months.
- Ecosystem & Community: 30% (~2.4B) - originally designed to unlock linearly over 20 months.
- Treasury: 7% (~560M) - fully locked, only changes with project team consent.
- Team: 5% (~400M) - 12‑month cliff, then linear vesting over 40 months.
- Liquidity & Listing: 4.5% (~360M).
To date, about 32% of total supply has unlocked, FDV ~5B at a price around $0.65.
🔴Two mechanism changes affect the investment thesis for aster-2:native:
📌1. The first was in March 2026, cutting 97% of ecosystem emission
- The initial model for the Ecosystem & C