Aster to release 320 million tokens for season 2
Aster previously said more than 50% of its token supply had been allocated to community airdrops. It also announced that it would release 320 million ASTER tokens, worth around $600 million, for its season two airdrop participants.
In the livestream, Aster’s Leonard said that the team is still working on the distribution method for the upcoming airdrop.
He said the team is contemplating whether releasing 4% of the supply would create selling pressure on the token. He added that they have to consider not just the participants but also existing Aster tokenholders.
Aster previously announced that the cutoff for season two’s points is on Oct. 5 at 11:59 pm UTC.
“We only have a week left, so it will be announced very soon,” Leonard added, signaling that participants would get a confirmation before the airdrop snapshot is taken.
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Aster’s perp daily DEX volume reaches $85 billion
Since its release, activities on Aster’s pushed the overall perpetual decentralized exchange (DEX) space’s trading volume to new highs.
As the cutoff for the season two airdrop draws near, the DEX’s perps trading volume shot up.
On Monday, DefiLlama showed that Aster’s 24‑hour trading volume jumped to $85 billion, which is more than 12 times more than its closest competitor on the day, Lighter.
While Aster’s volume highs could signal adoption, some community members are skeptical about whether it can be sustained after the incentives have dried out.
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