Solana Buybacks Ranking:
1. Raydium: 13.51%
2. Pump Fun: 12.65%
3. Metaplex: ~10%
4. deBridge: 3.46%
5. Streamflow: ~2.5%
6. Jupiter: 2.1%
7. Ore: 0.8%
8. Marinade 0.7%
- deBridge and Pump Fun: fastest growing buybacks (both 100%)
* A few other protocols like Magic Eden (just started), Step, Bonk, Jito are doing buybacks too but hard to track
Buybacks alone don’t do shit
But they are a good start and definitely a move in the right direction
The real issue right now is:
Who actually owns the buybacks?
People will say “the DAO,” but there’s no real legal enforcement or protection behind that
This is exactly what @MetaDAOProject is trying to fix with futarchy
That’s also why I’m still very bullish on companies like deBridge and Pumpfun, both of them could buy back 10–20% per year
Because to me, it’s only a matter of time before we get:
1. Buybacks
2. Futarchy → actual holder protection
3. Treasuries that are legally owned by holders (incl. buybacks)
At that point, smart projects will have to choose equity-like structures instead of the old “utility token” model
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