Token buybacks are an increasingly common strategy for projects on the Solana blockchain to generate value, reduce circulating supply, and reward community members. Several major platforms have implemented robust mechanisms, dedicating a portion of their revenue to repurchasing their native tokens from the open market. Here’s a detailed look at the buyback models of nine key projects.

deBridge

deBridge dedicates 100% of its revenue to repurchasing its native token. This aggressive strategy has already resulted in the buyback of 3% of the total token supply. At this rate, the project could acquire nearly 20% of its circulating supply within a year. The final plan for how these repurchased tokens will be used is yet to be announced.

Marinade Finance

Marinade allocates 50% of its monthly revenue to buy back its MNDE token. With a reported annualized revenue of $170 million, this creates significant buying pressure for a token with a market capitalization of approximately $140 million. The future use of the acquired tokens will be determined by its Decentralized Autonomous Organization (DAO).

Jupiter

The popular aggregator Jupiter also commits 50% of its protocol revenue to a buyback program. Jupiter sends all repurchased JUP tokens to a burn address, permanently removing them from circulation. To date, this mechanism has resulted in the burning of 95 million JUP, which is equivalent to 1.37% of the total supply.

Jito

The Jito platform uses 1.5% of its TipRouter fees for periodic JTO token buybacks, which are then burned. Based on current market prices, this initiative is projected to remove more than 11 million JTO tokens from circulation annually, accounting for 1.1% of the total supply.

Bonk

The BONK ecosystem has introduced several token buyback and burn measures. One of the most significant is the LetsBONK project, which uses 50% of its revenue to purchase BONK from the open market and permanently burn the tokens.

Metaplex

Metaplex allocates 50% of its protocol revenue to its DAO each month for the specific purpose of MPLX token buybacks. In a recent 30-day period, the protocol generated $1.56 million in revenue, meaning $780,000 was used to repurchase about 3.5 million MPLX for the DAO. This single month’s activity represented over 0.3% of the total supply.

Raydium

Raydium directs 12% of its transaction fees to buy back RAY tokens. This is particularly impactful given the token’s low annual issuance of only 1.9 million against a total supply of 555 million. The buyback program currently repurchases tokens equivalent to 5% of the circulating supply.

Pump.fun

The Pump.fun platform directs 100% of its daily revenue, which often exceeds $1 million, into its token buyback program. In a single month, the platform bought back $55 million worth of PUMP tokens, a pace that could allow it to repurchase approximately 30% of the circulating supply within a year.

Streamflow

Streamflow uses 39% of its protocol revenue to buy back STREAM tokens. These tokens are then distributed as rewards to those who stake their tokens. As a forward-looking example based on projections for July 2025, this would mean that $96,330 of that month’s $247,000 revenue would fund the buyback and staking reward distributions.

Other Ecosystem Participants

The buyback trend extends beyond this list. Magic Eden recently launched a mechanism that has already repurchased 111,000 ME tokens for staking rewards, with plans to expand the program. Likewise, Step Finance invests all revenue from its platform, including its Solanafloor and Remora Markets products, into token buybacks.