Haciyev Reşit 
In the last 30 days, buyback activity in the cryptocurrency market has accelerated significantly. On-chain data shows that protocols have conducted over $183 million in buybacks during this period. This trend is viewed as a strong signal of improving token economics across many projects—especially those with revenue-sharing models, regular burn mechanisms, or systems that channel protocol income directly into buybacks.
Top Buyback Projects of the Last 30 Days
According to on-chain data, the projects leading buyback activity are HYPE, ASTER, and PUMP. These projects stand out not only for the dollar value of their buybacks but also for their aggressive tokenomics strategies.
- HYPE – $81.02 million:
The clear leader of the list, HYPE set a record by exceeding $80 million in monthly buybacks. - ASTER – $52.88 million:
ASTER continues its burn + buyback strategy consistently, creating a strong deflationary model in the market. - PUMP – $22.46 million:
As the ecosystem expands, PUMP’s buyback volume has also increased. - MPLX – $8.43 million:
Its L2-focused growth strategy has boosted protocol revenues, supporting continued buybacks. - GMX – $6.12 million:
One of DeFi’s most established projects, GMX continues regular buybacks through its stable revenue model. - RAY – $4.73 million
- LINK – $3.21 million
- JUP – $2.65 million
- AAVE – $1.96 million
These buybacks suggest that both the DeFi and Layer-2 ecosystems are entering a renewed phase of economic strengthening.
Why Are Buybacks Important?
Buybacks have become one of the most effective strategies for strengthening token economies. By reducing circulating supply, they support price stability—especially during volatile periods—while boosting investor confidence.
Many protocols are now directing revenue directly into buyback programs, thereby:
- reducing circulating supply
- supporting price through structural deflation
- strengthening long-term token value
- building a sustainable financial model
The noticeable rise in buyback activity also shows that the sector is becoming more institutionalized, with projects managing their tokenomics more strategically than ever before.
General Outlook
The surge in buybacks over the last 30 days indicates that crypto projects are not only preserving but actively reinforcing their token economies. The fact that L2 and next-generation DeFi protocols increased buyback intensity by up to 40% compared to the previous month demonstrates how important deflationary models have become.
The impact of this trend is clear:
- Increased project credibility Protocols with consistent buybacks are perceived as more reliable and sustainable.
- Stronger support for long-term holders Reduced supply creates a healthier price foundation.
- Growing token value Supply contraction increases upward price pressure.
- Enhanced ecosystem sustainability Reinvesting protocol revenue strengthens self-financing economic models.
As market conditions continue to improve, buyback momentum is expected to accelerate both in scale and aggressiveness. High-revenue protocols may expand their buyback programs even further, potentially creating stronger upward pressure on token prices in the coming weeks.
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