Matt Hougan(@Matt_Hougan):Tokens d̶o̶n̶'̶t̶ capture value. • Hyperliquid: 97%+ of fees go to buybacks ($2B and counting) • Pump: Burned 36% of supply, locked 50% of revenue into burns • Uniswap: Burned 107M UNI, fee switch on • Aave: Automated buybacks • Aptos: Hard-capped supply, 10x'd fees, burns them • Solana: Current proposal to 12-14x the fee burn The market hasn't repriced this yet.

Matt Hougan

@Matt_Hougan

CIO @Bitwise. Co-founder @FutureProof_HQ. Previously CEO @ETFcom. Husband, father, & runner (when I find time).

Joined December 2008

551 Following 101.3K Followers

Matt Hougan@Matt_Hougan

2026.08.12 22:20

Tokens d̶o̶n̶'̶t̶ capture value. • Hyperliquid: 97%+ of fees go to buybacks ($2B and counting) • Pump: Burned 36% of supply, locked 50% of revenue into burns • Uniswap: Burned 107M UNI, fee switch on • Aave: Automated buybacks • Aptos: Hard-capped supply, 10x'd fees, burns them • Solana: Current proposal to 12-14x the fee burn The market hasn't repriced this yet.

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