Hyperliquid Leads $1.4 Billion Crypto Buyback Surge in 2025
Hyperliquid has emerged as the dominant force in cryptocurrency token buybacks, allocating $645 million—nearly half of the $1.4 billion spent industry-wide in 2025. The decentralized perpetual exchange's aggressive repurchasing strategy dwarfs competitors like LayerZero ($150 million) and Pump.fun ($138 million), signaling a strategic shift toward artificial scarcity and long-term value creation.
July's buyback volumes spiked 85% month-over-month, far exceeding the year's $145.9 million monthly average. This capital deployment reflects growing confidence in crypto-native tokenomics, with Hyperliquid's commitment alone surpassing the combined totals of the next nine largest projects. The trend underscores how decentralized protocols are rewriting traditional market mechanics through treasury management.
