NEW Citrini Research calls $HYPE a compelling investment β€” Hyperliquid has accounted for nearly half of all crypto token buybacks in 2025.

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Live buyback tracker for every crypto protocol.

LIVE $847,392,551 burned in last 24h

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Top protocols by buyback volume.

$0 burned this period
HYPEHyperliquid$312.40MUNIUniswap$142.80MGMXGMX$98.70MDYDXdYdX$76.20MAAVEAave$64.10MJTOJito$52.30MRAYRaydium$41.80MMKRMaker$35.20MCRVCurve$28.90MSNXSynthetix$21.40M

Top protocols by burn

2025 cumulative ranking

#ProtocolChain30D burned90D burnedSupply reducedLatest buyback
1
Hyperliquid $HYPE
Hyperliquid$312.40M$891.00M4.2%
2
Uniswap $UNI
Ethereum$142.80M$412.00M2.1%
3
GMX $GMX
Arbitrum$98.70M$287.00M3.4%
4
dYdX $DYDX
Ethereum$76.20M$218.00M1.8%
5
Aave $AAVE
Ethereum$64.10M$189.00M0.9%
6
Jito $JTO
Solana$52.30M$156.00M2.7%
7
Raydium $RAY
Solana$41.80M$128.00M1.5%
8
Maker $MKR
Ethereum$35.20M$102.00M0.6%
9
Curve $CRV
Ethereum$28.90M$87.00M1.2%
10
Synthetix $SNX
Base$21.40M$68.00M0.8%
$0.00B+
Total burned 2025
$0.00B+
Active protocols
$0.00B+
Chains tracked
$0.00B+
Buybacks today

How buybacks work

Four steps from revenue to reduced supply.

01

Protocol earns fees

Revenue from trading, loans, or platform fees.

02

Buys tokens on market

Treasury executes buy orders on DEXs and CEXs.

03

Sends to burn address

Tokens transferred to a provably unspendable address.

04

Supply drops

Circulating supply falls. Scarcity rises for holders.

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