Hyperliquid tops 2025 token buyback, over 1.4 billion USD spent by 28 projects

Hyperliquid’s buybacks reached 645 million USD, accounting for 46% of the yearly total. The activity underlines its leadership in the token buyback trend.

In 2025, 28 projects engaged in buybacks, collectively spending over 1.4 billion USD, reflecting a significant trend in token repurchase.

GMX stands out with the highest buyback share at 12.9% of its total supply, demonstrating strong market confidence.

The buyback trend witnessed a marked increase in spending, particularly during the second half of the year.

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