Aster Transitions to Privacy-Focused Layer 1 Application Chain

Aster is undergoing a transformation from a decentralized derivatives trading protocol to a Layer 1 application chain centered on privacy transactions. According to PANews, with the launch of its mainnet and the introduction of staking and governance mechanisms, ASTER is evolving from a functional token to a core asset with both income and governance rights. This article delves into Aster's transformation path, its token economic model, and market differences, focusing on how the buyback and staking mechanisms are reshaping ASTER's valuation logic. It also analyzes whether Aster can shift from being narrative-driven to fundamentally-driven in the future.