Crypto projects adopt revenue-sharing and token burns
Bitwise CIO Matt Hougan argued that crypto assets are entering a phase where revenue and returns to token holders will more strongly determine valuations, aided by a regulatory shift after the Ripple case and a new SEC chair. Hougan highlighted Hyperliquid as a leading example, with about 99% of fee revenue used to buy and burn HYPE and roughly $1.3 billion burned since launch. He noted Uniswap, Aave and Pump.fun have implemented fees, buybacks or burns, and Layer 1 proposals on Solana and Aptos seek similar changes, signaling a broader move toward revenue-based token economics.
Protocols are directing fee revenue to buybacks and burns
Context
The SEC's legal defeat against Ripple and its later resolution changed enforcement incentives. That shift made revenue distribution to token holders more viable. More projects could adopt buybacks and burns next.
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