Cryptocurrency analyst The DeFi Investor ranked the protocols that have bought back their altcoins by market capitalization. According to the analyst’s post, the buyback projects are listed as follows:
In the under $50 million market capitalization category, Silo Finance (SILO), Gearbox (GEAR), and Natix Network (NATIX) were included.
Projects with a market capitalization between $50 million and $500 million include Kaito (KAITO), DeFi App (HOME), DeBridge (DBR), and Aevo (AEVO).
EtherFi (ETHFI), Maple Finance (SYRUP), Raydium (RAY), and dYdX (DYDX) were listed in the $500 million–$1 billion category.
Among the projects with a market value over $1 billion, Hyperliquid (HYPE), AAVE (AAVE), Chainlink (LINK), Pump Fun (PUMP), Jupiter (JUP) and Sky (SKY) stood out.
However, it’s important to remember that many of these altcoins have unlimited maximum supply and are prone to high rates of token inflation. DeFi tokens, in particular, offer rewards in exchange for staking tokens on their platforms.
*This is not investment advice.