The cryptocurrency industry is adopting buyback strategies from traditional finance, but at a faster pace and with higher risk. Perpetual futures exchange Hyperliquid and meme coin launchpad Pump.fun are using almost all their fee revenue to buy back their own tokens, boosting token prices and reducing circulating supply. Hyperliquid & Pump.fun: The Buyback Giants Hyperliquid: This decentralized perpetual futures exchange boasts monthly trading volumes exceeding $400 billion, capturing about ...