ASTER has been moving frequently recently: the official has just completed the burning operation of 77.8 million tokens, which is more than $70 million at the current price. This burn can be found on the chain, not on paper. In addition, the S4 phase buyback program has also been launched, and more tokens will be locked.

Interestingly, the price of tokens is falling, but the project team is burning them on a large scale. The logic behind this operation is actually straightforward - to strengthen scarcity expectations by reducing circulation. With their full-featured DEX applications already live, ASTER is moving from the early concept stage to the hands-on stage of product implementation.

In terms of genre, this project tries to take the route of "practicality + narrative". At the product level, there are relatively hardcore functions such as cross-chain perpetual contracts (this is practicality), while large burns and buybacks are used to build a story line of deflation and value capture (this is narrative). If these two lines can truly work together, the effect may be longer lasting than simply speculating on hot spots.

The situation is a bit delicate now: there is a divergence between short-term prices and long-term action. When market sentiment is cautious, some funds will pay more attention to changes in the fundamentals of the project. The destruction is laying the foundation, the product is building a moat, as for whether it can be cashed in in the future, it depends on the execution and the cooperation of the market cycle.

How do you judge? Are infrastructure projects digging holes or layouts during the price correction? Can you believe the explosive potential of practical projects in the bull market?