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

Author: fabiano.sol, X

Compiled by: White55, Mars Finance

There are more than a dozen projects on Solana that are undergoing buybacks, but:

Who is conducting a 100% buyback?

Who is destroying the tokens after the buyback?

Complete Interpretation of the Solana Ecosystem Buyback Manual.

1.deBridge

deBridge is using 100% of its revenue to buy back its own tokens, and the specific handling plan after the buyback is yet to be announced.

As of now, they have repurchased 3% of the token supply. At this rate, they will be able to repurchase nearly 20% of the circulating supply within a year.

2.Marinade

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

Marinade's annual income reaches $170 million, which could bring tremendous buying pressure for a token with a market cap of only $140 million.

The future use of these repurchased tokens will be determined by the DAO.

3.Jupiter

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

They transferred the repurchased tokens to the burn address. As of now, Jupiter has repurchased 95 million JUP tokens, accounting for 1.37% of the total supply.

Tomorrow, we will discuss the disposal plan for the repurchase of tokens.

4.Jito

The Jito platform will use 1.5% of the TipRouter fees for periodic repurchases of JTO tokens and will subsequently conduct burn.

At the current market price, this move will result in the repurchase and destruction of over 11 million JTO tokens each year (accounting for 1.1% of the total supply).

5.Bonk

Bonk has launched multiple token buyback and burn measures.

In this case, I will only explain about LetsBONK.

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

6.Metaplex

50% of the protocol revenue will be allocated to the DAO each month, specifically for the repurchase of MTPLX tokens.

In the past 30 days, the Metaplex protocol generated revenue of $1.56 million, of which 50% (i.e., $780,000) was used to repurchase approximately 3.5 million MPLX tokens for the Metaplex DAO, accounting for more than 0.3% of the total supply.

7.Raydium

The annual issuance of Raydium tokens is extremely low, at only 1.9 million tokens (with a total supply of 555 million tokens).

Raydium allocates 12% of the trading fees for the repurchase of RAY tokens.

This brings the buyback ratio to 5% of the current circulating supply.

8.Pump Fun

The Pump.fun platform currently generates over 1 million dollars in daily revenue and uses 100% of the revenue to buy back tokens.

In September, they repurchased PUMP tokens worth 55 million USD, and within a year, they could repurchase about 30% of the circulating supply.

9.Streamflow

39% of the revenue from the Streamflow protocol is being used to buy back STREAM tokens and distribute them to stakers.

For example, in July 2025, this means that 39% of the income of $247,000 that month (i.e., $96,330) will be used for the repurchase of STREAM tokens and the distribution of staking rewards.

Recently, Magic Eden has also launched a token buyback mechanism, having repurchased 111,000 ME tokens, all of which will be used for staking rewards (with expectations for further expansion in scale). Step Finance will similarly invest all platform revenues (including earnings from Solanafloor, Remora Markets, and other businesses) into token buybacks.