Sky price

$SKY is so ahead of competition that its not even funny

The current tokenomics still favor pump-and-dump over conviction. Most projects use TGE as exit liquidity. But some rethink how to accrue value to token holders through buybacks and burn. It replaces extraction with participation incentives, especially for protocols with real revenue. @HyperliquidX leads the buyback meta with over $900M worth of $HYPE has been bought from the open market. @pumpdotfun has bought back more than 10% of $PUMP’s circulating supply in less than 3.5 months since TGE. @SkyEcosystem has spent over $82M $USDS to buy back 1.29B $SKY, around 25.5% of its circulating supply. @JupiterExchange is one of the leaders in DeFi buyback with $62.2M spent so far. The DAO also voted to burn the $JUP held in the Litterbox. @aave approved a $50M annual budget for $AAVE buybacks and has spent $25.6M so far. @0xfluid generated $1.1M in revenue last month and allocated $1.7M for $FLUID buybacks since October. @ether_fi proposed using $50M of revenue to buy back $ETHFI if it trades below $3. Last week, it spent $900K+ to acquire 574K $ETHFI. So far, the program has bought back ~$8.5M worth of $ETHFI as EtherFi Cash now accounts for a growing share of its revenue. @PancakeSwap has burned 974M $CAKE ($2.4B) since the beginning of the year, outpacing ~$2.33B of $CAKE YTD emissions. YTD deflation reaches 6.8%. @ResolvLabs has bought back $1.3M worth of $RESOLV since July. @OrderlyNetwork’s buyback is live. Every two weeks, 60% of fees go toward buying $ORDER on the open market, with 50% distributed to stakers. @dYdX allocates 25% of its net protocol revenue to $DYDX buybacks. Buybacks are becoming a practical fix for the linear emission tokenomics to align incentives and reward long-term conviction until a better incentive structure appears.

Pairs with PSAR direction changed in the last 1h $INJ $MERL $NOT $ZEN $THETA $SYS $CLO $VET $SAND $CRV $SKL $BEAMX $AI $NKN $IOTX $1000BONK $SKY $MOODENG $2Z $KITE