17 of 251 pass
Returns cash to holders
Which crypto tokens buy back or burn their own supply?
Scoring pass 11 Jun 2026. Market snapshot 15 Aug 2026.
Pass
17
7% of 251
Median score
144/250
range 106 to 193
Best
193/250
HYPE
Smallest that passes
$279.5M
ZRO
01
What this screen asks
Buyback and Burn 7 or better.
Without it, protocol revenue accrues to a treasury rather than to a token holder. The universe median is 2 of 10, so a 7 is genuinely unusual rather than a rounding difference.
02
The 17 that pass
Ranked by composite score, not by how far each one clears the filter. A token near the bottom of this table still passes, so read the score column rather than the order alone.
| # | Token | Score | Verdict | Market cap | Thesis |
|---|---|---|---|---|---|
| 1 | HYPEHyperliquid | 193 | HOLD CORE | $12.60B | 3 ETFs live (THYP, BHYP, HYPG, about $253M combined AUM). About $600M annualised revenue after four straight quarterly declines, with builder fees now taking 18% of gross before buybacks. about 32% to 37% DEX perps share, down from roughly 70% in 2025. But closed-source, FCA warning, 22% circ. |
| 2 | GEODGEODNET | 169 | HOLD | $84.9M | Revenue not declining: Q2 2026 $2.59M (+48% QoQ). ARR $7.3-9.5M. 80% burn Foundation-controlled (governance, not smart contract). ATH $0.3746 not $0.43. 20K+ stations, 150+ countries. P/S 9.9-14.4x (expensive vs Helium 3.1x). Deflationary crossover approaching post-Jun 2026 halving. |
| 3 | SYRUPMaple Finance | 168 | HOLD | $177.2M | Institutional private-credit leader with a record ~$2B loan book, a Kraken on-chain warehouse (Jun 25) and a Revolut listing (Apr 30, UK/EU). But the 1.6x price-to-fees pitch uses gross fees; the token keeps ~$12-13M revenue, so it trades ~14x. Core Foundation dispute settled in May 2026. |
| 4 | UNIUniswap | 167 | HOLD | $2.05B | Fee switch live on 11+ chains. Protocol revenue $26-61M (P/S 57-73x). V4 on 18 chains, 2500+ hooks. 100M UNI burned but net inflationary (+1.43%/yr). BlackRock entered Feb 2026. a16z holds 41.5-55M UNI. $200M+ insider selling 2025. Unichain TVL $17.8-29.6M (not $532M). SEC safe harbor Apr 2026. |
| 5 | COWCoW Protocol | 167 | HOLD | $58.9M | Intent-based batch auction DEX. $87B vol 2025. P/S 3.1x. Net deflationary. Vesting complete. |
| 6 | ETHFIEther.fi | 162 | HOLD | $436.5M | $7.8B TVL on $350M mcap (22x TVL/MC). $50M buyback active. 84% circ. 250M token releases ahead. |
| 7 | PENDLEPendle Finance | 160 | HOLD | $224.3M | DeFi's yield monopoly: 50-60% market share, $24.4M trailing rev, sPENDLE 80% buyback (9.3% yield). Fortune 2026 Innovators. Vietnam IFC w/ BlackRock/MS. 21Shares ETP live. Boros V3 $10B+ vol. All vesting complete. Net dollar-deflationary. |
| 8 | OKBOKB | 145 | HOLD | $2.26B | OKX exchange token. Supply permanently fixed at 21M since the August 2025 burn, with mint and burn functions disabled. |
| 9 | BNBBNB | 144 | HOLD | $81.18B | Binance exchange utility token with quarterly burns. Highly tied to Binance CEX health and regulatory outcome. |
| 10 | GMXGMX | 143 | HOLD | $70.7M | Protocol revenue ~$14M (not $42M total fees). Commodity perps live ($1.18B week-1). $20.86M buybacks. |
| 11 | INJInjective | 139 | CAUTIOUS HOLD | $424.0M | Finance-first L1 with aggressive burn mechanism and real derivatives volume. P/S ratio improving but TVL still modest vs valuation. |
| 12 | BGBBitget Token | 135 | CAUTIOUS HOLD | $1.16B | Bitget exchange token. Quarterly buyback & burn. Copy trading platform. |
| 13 | SNXSynthetix | 130 | CAUTIOUS HOLD | $115.3M | Best tokenomics (zero inflation, 100% fee buyback, 99.7% circ) but losing perps war. sUSD at $0.74. |
| 14 | RAYRaydium | 129 | CAUTIOUS HOLD | $168.9M | Cyclical memecoin infrastructure. Revenue collapsed 76% from peak. PumpSwap forking the model. |
| 15 | LEOUNUS SED LEO | 126 | CAUTIOUS HOLD | $8.06B | Bitfinex/iFinex exchange token. Monthly buyback & burn from profits. |
| 16 | GNSGains Network | 116 | WATCH | $12.5M | 1.16x P/S but losing DEX war. 14-15M tokens burned (38%+ of initial). 97% circ/total. $113K volume. |
| 17 | ZROLayerZero | 106 | WATCH | $279.5M | $292M Kelp exploit destroyed trust. $4B fleeing to CCIP. May 20 open = 10% of float. |
Scores come from the research pass dated 11 Jun 2026 and do not move with price. Market capitalisation is from the snapshot fetched 15 Aug 2026.
03
Common questions
- Which crypto tokens buy back or burn their own supply?
- 17 of 251 rated tokens pass. Hyperliquid (HYPE), GEODNET (GEOD), Maple Finance (SYRUP), Uniswap (UNI), CoW Protocol (COW) lead on composite score.
- How is this screen defined?
- Buyback and Burn 7 or better. Every variable is scored 1 to 10 against the same definition applied to all 251 rated tokens, and higher is always better.
- Does passing this screen mean a token is a buy?
- No. It means the token clears one filter on fundamentals as recorded at the scoring pass on 11 Jun 2026. 17 tokens pass, which is 7% of the universe, and the range of composite scores inside the set runs from 106 to 193.
Keep reading
Research and analysis, not investment advice. A screen is one filter applied consistently, not a recommendation.