13 of 15 buyback-model tokens outperform BTC in 2023

Of 15 tokens that have operated or announced buybacks or other holder value-return mechanisms this year, 13 have outperformed Bitcoin in year-to-date returns, according to a DWF Labs report. HYPE and PUMP posted the strongest returns, with 95% to 99% of revenue and 50% of net revenue allocated to buybacks. In contrast, SYRUP has fallen about 45% year to date after reducing the share of revenue earmarked for buybacks. LDO introduced an automated buyback system but has not yet executed actual purchases. DWF Labs stated that the findings indicate that beyond having a value-return mechanism, a token’s revenue scale and the ability to return value to holders on a sustained basis are crucial.

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