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1/ $1.2B in Buyback Inflows Absorbed 4.59% of Circulating Supply Across 8 Major Protocols đ„
In a year dominated by token unlocks and inflationary emissions, buybacks have become one of the few measurable forms of supply absorption.
Hereâs how the numbers stack up đ
2/ âïž Why It Matters
This yearâs market has seen record unlocks, with over $1.12B in new tokens entering circulation across leading projects.
Buybacks are one of the few mechanisms showing real supply absorption, a reflection of protocols using actual capital instead of inflationary rewards to manage supply pressure.
3/ đ Aggregate Buyback Overview (As of Oct 2025)
Total Inflow Value : $1.2B
Average Supply Absorbed: 4.59% of circulating supply
Top 3 by Value
$HYPE : $916.66M (76.38%)
$PUMP : $151.12M (12.59%)
$JUP : $62.2M (5.18%)
Together, these three project for 94.1% of total buyback value tracked.
4/ đ Buybacks vs Emissions
Across all 8 protocols, buybacks offset ~110% of total emission value this year.
6/ đ Market Trend
âą Buyback activity peaked during Q2âQ3 2025, aligning with major unlock periods.
âą Meme and retail-focused tokens (, Bonk) displayed stronger relative absorption compared to DeFi names.
âą Revenue-linked repurchases (Hyperliquid) showed more consistent execution across market cycles.
Buybacks are evolving from one time burn events into structured, ongoing supply programs supported by real capital rotation.
7/ âïžTakeaway
In a market flooded with emissions, buybacks are emerging as the new indicator of balance.
Top 3 protocols account for 94% of total Inflows
Buybacks offset ~107% of emissions
The shift is gradual but clear â from inflation to absorption.
8/ See full dashboard :
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