Buyback activity in the crypto market has accelerated significantly over the past 30 days.
According to the data, the protocol has repurchased a total of more than $183 million. HYPE, ASTER, and PUMP topped the list, with other major projects also consistently seeing share buybacks on a smaller scale.
Officials note that buybacks are largely funded by protocol revenues, with ASTER in particular actively pursuing a burn+buyback strategy.
Here is a list of altcoins with the most buybacks in the past 30 days and their total buybacks.
- Hype – $81.02 million
- ASTER – $52.88 million
- Pump – $22.46 million
- MPLX – $8.43 million
- GMX – $6.12 million
- Ray – $4.73 million
- Link – $3.21 million
- JUP – $2.65 million
- AAVE – $1.96 million
We are seeing the speed of buybacks accelerate month-on-month, especially in L2 and next-generation DeFi protocols, with some projects seeing up to a 40% increase in buybacks compared to the past 30 days.
*This is not investment advice.
