News Report

Crypto projects spent a record $638 million on token repurchases during 2026, with Hyperliquid and Pump.fun accounting for nearly 90% of the total. More protocols are directing revenue toward buybacks.

3CBlock Analysis

The data may signal a meaningful shift in token economics, but the durability of the move will depend on follow-through, methodology and broader market conditions. Investors should compare subsequent disclosures and activity before treating the reported development as a lasting trend.