Solana Ecosystem Buyback Guide: Decoding the Buyback Mechanisms and Real Impact of 9 Major Projects

Author: fabiano.sol

Compiled by: Tim, PANews

There are over a dozen projects on Solana conducting buybacks, but:

• Who is conducting 100% buybacks?
• Who is burning tokens after buybacks?

A complete guide to buybacks in the Solana ecosystem.

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1. deBridge

deBridge is using 100% of its revenue for buybacks of its own tokens. The specific plan for handling the tokens after buyback has yet to be announced.

So far, they have bought back 3% of the token supply. At this rate, they could buy back nearly 20% of the circulating supply within a year.

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2. Marinade

Marinade allocates 50% of its monthly revenue for buybacks of MNDE tokens.

Marinade’s annual revenue reaches up to $170 million, which could create significant buying pressure for a token with a market cap of only $140 million.

The future use of these buyback tokens will be decided by the DAO.

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3. Jupiter

Jupiter is using 50% of its protocol revenue to buy back its own tokens.

They are transferring the bought-back tokens to a burn address. To date, Jupiter has bought back 95 million JUP tokens, accounting for 1.37% of the total supply.

A discussion on the token disposal plan will take place tomorrow.

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4. Jito

Jito platform will allocate 1.5% of TipRouter fees for periodic buybacks of JTO tokens, followed by token burns.

Based on current market prices, this will result in over 11 million JTO tokens being bought back and burned annually (about 1.1% of the total supply).

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5. Bonk

Bonk has launched multiple token buyback and burn measures.

In this context, I will only explain LetsBONK.

The LetsBONK project allocates 50% of its revenue to buy back BONK tokens from the open market and burn them.

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6. Metaplex

50% of the protocol’s monthly revenue is allocated to the DAO for buybacks of MPLX tokens.

In the past 30 days, Metaplex protocol generated $1.56 million in revenue, with 50% (about $780,000) used to buy back approximately 3.5 million MPLX tokens, accounting for over 0.3% of the total supply.

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7. Raydium

Raydium’s token issuance is very low, totaling only 1.9 million tokens out of a total supply of 555 million.

Raydium allocates 12% of trading fee revenue for buybacks of RAY tokens.

This results in a buyback rate of about 5% of the current circulating supply.

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8. Pump Fun

Pump.fun platform currently earns over $1 million daily and allocates 100% of its revenue for token buybacks.

In September, they bought back $55 million worth of PUMP tokens, which could amount to about 30% of the circulating supply within a year.

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9. Streamflow

39% of Streamflow protocol revenue is used for buybacks of STREAM tokens and distributed to stakers.

For example, in July 2025, out of $247,000 in revenue, 39% (about $96,330) will be used for STREAM token buybacks and staking rewards.

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Recently, Magic Eden also launched a token buyback mechanism, having repurchased 11,100 ME tokens, all allocated for staking rewards (with plans for further expansion). Step Finance also reinvests all platform revenue (including Solana floor, Remora Markets, and other business income) into token buybacks.