Major DeFi projects are ramping up token buyback and burn strategies to bolster their market fundamentals. Uniswap has announced plans to repurchase and burn 100 million UNI tokens over the next six months, effectively reducing its total supply by 10% and driving a 50% increase in UNI's price. Meanwhile, dYdX has increased its buyback allocation from 25% to 75% of its protocol revenue, adding $11 million annually to buyback pressure. Hyperliquid has executed a significant buyback, spending $640 million to burn 21.36 million HYPE tokens in 2025. However, the project will begin unlocking 10 million HYPE tokens monthly starting November 29, which may counteract some of the buyback effects. Additionally, Pump.fun has dedicated all its revenue to buybacks, completing a $130 million initiative that reduced its token supply by 8%.