PROTOCOL TOKEN BUYBACKS HIT $40M WEEKLY

Summary from the TLDR Crypto newsletter

Protocols are increasingly mimicking corporate share repurchase strategies, with nearly $40M in weekly token buybacks last week, led by Hyperliquid ($24M) and Pump.fun ($10M). Buybacks aim to reduce supply and signal long-term confidence, but their effectiveness is mixed—prices may benefit temporarily but often face pressure once programs slow. Sustainability depends on strong, recurring fee revenue, making high-revenue protocols better positioned to maintain consistent buybacks than those reliant on depleting treasuries.