Buybacks ≠ Buybacks A dozen projects on Solana are doing buybacks, but... > Who is doing 100% buybacks? > Who is burning the tokens after buybacks? Everything in this Solana Buyback Bible 🧵👇🏼

1) deBridge deBridge is using 100% of their revenue to buy back their own token. It is TBA what will happen with buybacks So far they bought back 3% of their supply. In one year, they would be able to buy back almost 20% of their circulating supply!

@debridge 2) Marinade Marinade allocates 50% of its fees to buy back MNDE every month Marinade has some of the highest annualized fees ($170M), which could be significant buying pressure on a $140M FDV token The future usecase of these buybacks will be decided by the DAO

@MarinadeFinance 3) Jupiter Jupiter is using 50% of their protocol fees to buy back their own token They send buybacks to a litterbox. So far, Jupiter has bought back 95M JUP, which is 1.37% of their total supply There's a discussion what to do with buybacks tomorrow

@JupiterExchange 4) Jito 1.5% of Jito's TipRouter fees will be dedicated to systematically purchasing JTO at regular intervals and burn it later At current market prices, this would result in over 11 million JTO tokens being bought and burned annually (1.1% of total supply)

@jito_sol 5) Bonk Bonk has different initiatives for buybacks + burn these tokens In this case, I will only refer to LetsBONK 50% of LetsBONK fees are used to purchase BONK tokens from the open market and burn them

@bonk_inu 6) Metaplex Every month, 50% of protocol revenue is allocated to MTPLX buybacks for the DAO In the last 30d they made $1.56M. 50% were used to buyback around 3.5M MPLX (over 0.3% of total supply) for the Metaplex DAO

@metaplex 7) Raydium Raydium has a very low token emission of just 1.9M token annually (555M total supply) Raydium allocates 12% of trading fees to buyback RAY tokens This results in 5% buybacks of the current circulating supply

8) Pump Fun Pump Fun is still making more than $1M revenue per day and they're using 100% of their revenue to buy back their token In September they bought back $55M worth of PUMP They could buy back more than 30% of their circulating supply in 1 year

@pumpdotfun 9) Streamflow 39% of protocol revenue is being used to buy and distribute STREAM to stakers With July ‘25 as an example, that would mean that 39% of $247,000 = $96,330 would go towards STREAM buybacks & reward distribution for just that month