Weekly Burn Update
565.76 million faction tokens burnt this week. MeebCo accounted for 374.48 million. The wider Nightshades ecosystem burned another 191.28 million. Knights led the week with 214.02 million tokens removed, equal to 7.13% of their original supply.
Full breakdown below.
Weekly Buyback
GMX DAO has reacquired 6626.9 $GMX for ~$50,000 at an average of ~$7.55 between September 16–22, 2026. 🫐
Program Total (Mar 5 – Sep 22):
A total of 482,909 GMX tokens were repurchased for about $3,110,000, representing a blended average of ~$6.44 🔵
Weekly Buyback #85# Complete
137,000 DRV was purchased at an average price of $0.41. Derive DAO has bought back a total of 27,782,461 DRV.
Buybacks are allocated 35% of protocol fees.
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Weekly RWA swap volume on @Uniswap crossed $3.3B on September 7.
That's 10x higher than the start of the year.
Tokenized equities made up 94%, primarily driven by activity on @RobinhoodCrypto Chain.