According to the *Financial Times*, digital asset projects have repurchased approximately $638 million worth of their own tokens so far this year, up from $545 million during the same period last year. Hyperliquid and Pumpfun together account for nearly 90% of this. Hyperliquid uses 99% of its trading fee revenue to buy back $HYPE, having repurchased and burned $1.3 billion worth of tokens since its launch in December 2024. Sky Protocol has repurchased $26 million worth of tokens, while Lido plans to conduct regular buybacks once its annualized revenue reaches $40 million and other conditions are met. Analysts note that buybacks can reduce token supply and boost confidence, but their actual impact on prices remains uncertain. https://(wublock123.com)/news/crypto-projects-buyback-638m-tokens-year-to-date-67498