Soneium announced that it will use L2 sequencer revenue to buy back ASTR tokens

Startale Group announced that it will use the profits from the sequencer of the Ethereum L2 blockchain Soneium, jointly developed with Sony Group, to purchase ASTR tokens in the market, further promoting the integration of Soneium and the Astar ecosystem as well as future asset consolidation.

It is reported that Soneium is an Ethereum L2 developed and operated by Sony Block Solution Labs (jointly held by Sony headquarters and Startale) and led by Astar founder Sota Watanabe. Its sequencer is responsible for transaction ordering, packaging, and submitting to Ethereum L1, while collecting transaction fees.