According to CoinMeta, since the beginning of 2026, the crypto protocols have generated $11.68 billion in revenue. This year, major projects have invested over $900 million in token buybacks and burnings, with Hyperliquid accounting for more than $505 million and Pumpfun exceeding $269 million. Data shows that tokens that have undergone buybacks have seen an average increase of 62.2% since the beginning of the year, while projects that have not implemented buybacks have experienced an average decline of 31.6%.