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Connect scattered updates into a story you can understand.
On-chain trading terminal Genius announced that part of the revenue from Genius App will be used to buy back and permanently burn GENIUS, with plans to provide token holders with fee discounts, verification, and potential benefits.
Spark The buyback plan has cumulatively used more than 4000000 tokens USDS, while the amount bought back has exceeded 200000000 tokens SPK, with records available through the data dashboard.
The article questions whether EtherFi’s buybacks fell short of guidance and failed to reduce ETHFI’s circulating supply.
According to PANews, the GMX governance forum proposed using part of the remaining protocol revenue on Solana for buybacks GMX, and plans to introduce a 180-day unstaking waiting period on Arbitrum and Avalanche. The adjustment is planned for October 28 implementation, but depends on readiness.
CryptoQuant Founder and CEO Ki Young Ju said that, as measured by analyst sentiment, the Hyperliquid token HYPE is currently the most bullishly viewed crypto asset, with a bullish deviation of approximately 2.3 standard deviations.
Hyperliquid HIP-3 generated cumulative 75000000 USD in revenue, with the deployer and protocol each receiving 37500000 USD, and the protocol’s share being used for native-token buybacks and burns.
Rome Protocol announces its ROME token mechanism: to be used for gas on its own chain after launch, with 50%protocol transaction fee revenue to be retained or used for open-market buybacks. The issuance, valuation, and listing timeline have not yet been announced.
Pyth DAO approved allocating all product revenue it receives to Pyth open-market buybacks PYTH; as of the end of September,ARR reached 11490000 USD, with paid accounts reaching 276 accounts.
PANews published an article discussing the potential impact of crypto protocols buying back and burning tokens at a high rate on competitiveness, security reserves, and token holders.
BlockBeats reported that StonkFun said it had cumulatively distributed more than 90000000 USD in rewards. The platform also said that October 4 of its revenue was 353,601 USD used to buy back and burn 1790000 tokens STONK。
Paid announced that the new claiming system is now live and adjusted the fee allocation so that recipients 65%、25%are used for buybacks PAID、10%are retained by the protocol.
The U.S.SEC updated its crypto FAQ, stating that a token buyback arrangement is unlikely to constitute an investment contract if there is no centralized entity.
