The Rollup(@therollupco):DefiLlama (@defillama) Research Analyst @zeroxkyle says buybacks mostly work as a signal that a team is committed to its token. If profit flows to a company's equity instead, as he says it does at Uniswap, buybacks don't do much. "It's signaling." "People want to know the team is aligned with the token in some manner." "You don't have to do Hyperliquid's 90% buybacks to do well." "Pump doesn't do as much in buybacks as Hyperliquid, but they're still doing well." "You just have to show people you're not going to rot."

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The Rollup@therollupco

2026.10.19 22:41

DefiLlama (@defillama) Research Analyst @zeroxkyle says buybacks mostly work as a signal that a team is committed to its token. If profit flows to a company's equity instead, as he says it does at Uniswap, buybacks don't do much. "It's signaling." "People want to know the team is aligned with the token in some manner." "You don't have to do Hyperliquid's 90% buybacks to do well." "Pump doesn't do as much in buybacks as Hyperliquid, but they're still doing well." "You just have to show people you're not going to rot."