Crypto Projects Rewrite Token Economics as Buybacks and Revenue Capture Gain Ground
Crypto projects are revising token economics as protocols seek clearer links between business revenue and token value. PANews counted 15 major projects across public blockchains, DeFi, AI and DePIN that have proposed changes involving lower inflation, buybacks and burns, revised unlock schedules and new staking structures. Allium Labs data showed that token buybacks by crypto projects had reached nearly $640 million by the end of August this year, compared with $545 million during the same period last year and just $366,000 for all of 2024. Solana, NEAR and Aptos are targeting token supply growth, while Lighter, Aster, io.net, Venice and SushiSwap are directing protocol or off-chain revenue toward buybacks and token support. Ethena, World, Aligned and Pharos are changing unlock schedules to address potential selling pressure. Polygon and Cronos are redesigning staking rewards around network or ecosystem revenue. Hyperliquid and pump.fun account for nearly 90% of reported buyback volume, but other tokens have fallen despite buyback programs. Allium Labs research head Elton Shehdula said buybacks can reduce circulating supply and create demand, but cannot replace organic revenue growth or guarantee long-term appreciation.








