Key Highlights: The Pyth Network DAO has approved proposal OP-PIP-136, establishing the “100% Rule” to allocate all protocol revenue toward accumulating $PYTH reserves. Under the new mechanism, non-$PYTH revenue entering the treasury will be used to buy back $PYTH directly from the open market via an authorized council. The overhaul replaces an earlier framework that ...
Key Highlights Raydium ($RAY) surged 12% as protocol earnings reached a yearly high of approximately $3.87 million in September, bringing total earnings to $23.26 million. LaunchLab infrastructure drove 25% of the $2.64 million allocated to $RAY buybacks, with Stonk.fun emerging as a major launch platform. Despite spot net selling of $311,530 in 24 hours, rising ...
Derive ($DRV) surged more than 40% over the last 24 hours while major assets such as Bitcoin (BTC) and Ethereum (ETH) traded in the red. Daily trading volume for the altcoin jumped over 463%, crossing $25 million at press time. Price Action and Key Technical Levels The token had been recovering from a 52% correction ...
Pump.fun Channels 54% of Revenue Into $PUMP Buybacks as Token Surges 10% Pump.fun has committed 54% of its protocol revenues to a continuous $PUMP buyback and burn program, removing approximately $3.55 million worth of tokens from circulation to date. The deflationary mechanism aims to reduce supply pressure, though the token remains roughly 50% below its ...
Ethena Foundation Announces Major Ecosystem Updates: Buyback Proposal, End to VC Overhang, and IP Realignment The Ethena Foundation has unveiled four significant ecosystem updates that…