# Tokenomics Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Tokenomics", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Aster’s 112 RWA markets are live, so why is ASTER still stuck?

Aster has expanded rapidly in 2026, launching its own L1, adding staking, entering 112 RWA markets, and improving trading features. Its key tokenomic change in June involves using 99% of daily platform fees to buy back ASTER for stakers, alongside a burn program aimed at removing 5 billion tokens from circulation. Despite these developments and future plans like Aster Vault and Aster Card, the ASTER token price remains stagnant near $0.626, trading in a narrow range with neutral momentum. Derivatives data shows cautious, slightly bullish positioning but low open interest. Traders appear unconvinced, waiting for concrete evidence that these initiatives will translate into higher platform activity, fee generation, and sustained token demand.

ambcrypto07/21 20:04

Aster’s 112 RWA markets are live, so why is ASTER still stuck?

ambcrypto07/21 20:04

Grayscale Files First Spot Worldcoin ETF With SEC Under GWLD Ticker

Grayscale Investments has filed with the SEC to launch a Worldcoin spot ETF (ticker GWLD), aiming to provide U.S. investors regulated access to the token. The filing coincided with WLD trading near its all-time low, though the news triggered an 8% price surge. The application also highlights potential risks, including high token concentration among top wallets and ongoing insider token unlocks through 2028, which could create selling pressure. Additionally, Worldcoin's use of biometric data presents unique regulatory challenges. Grayscale's move expands its crypto ETF lineup ahead of potential competitors, though SEC approval remains uncertain.

TheNewsCrypto07/21 12:42

Grayscale Files First Spot Worldcoin ETF With SEC Under GWLD Ticker

TheNewsCrypto07/21 12:42

Jito jumps 12% after JIP-38 buyback proposal – Can JTO reach $0.80?

Jito (JTO) surged 12% following the introduction of JIP-38, a proposal to use Jito DAO's revenue from JTX Trade for programmatic JTO buybacks and burns for at least one year. The token's price rose to $0.6087 with market cap reaching $304.67 million, supported by increased trading volume and positive sentiment around Solana's ecosystem. Derivatives activity grew as Open Interest increased, indicating fresh capital entering the market. Spot market data also showed sustained buyer dominance. Technically, JTO rebounded from the $0.5332 support level, with the next key resistance at $0.65. A break above this level could pave the way for a move toward $0.80, while failure to hold support may lead to a retest of lower levels. The rally is viewed as driven by improving fundamentals and broader participation rather than mere speculation.

ambcrypto07/21 02:15

Jito jumps 12% after JIP-38 buyback proposal – Can JTO reach $0.80?

ambcrypto07/21 02:15

The Hundred Platforms War on Robinhood’s Launchpad: Who Will Have the Last Laugh?

Following the unexpected shutdown of Noxa, a "war of a hundred platforms" has erupted for the launchpad space on Robinhood. After nearly a week, the landscape is clearer but remains highly competitive. Pons has emerged as the current frontrunner, leading in both daily new token launches and trading volume over the weekend, with an average daily volume of around $45 million. Its market share reached 52.1% based on intraday volume, fueling a rebound in its token's market cap to a new high of approximately $24 million. Key drivers include market bets on filling Noxa's void, strong attention from figures like bonkguy (associated with the Bonk community), and endorsements from influencers. However, other platforms are aggressively competing. Arrow, originally focused on tokenized stock collateralized lending, has pivoted to become a DeFi hub including a launchpad, leveraging its high token concentration and a narrative involving a former Robinhood employee as an advisor. Stonkbroker has gained traction even before its official launch; its NFT collection, utilizing ERC-6551 for enhanced utility, has surged close to 2 ETH. The model creates a flywheel where NFT holders receive dividends from launchpad revenue (in tokenized stocks) but must spend the platform's token to activate these rights. Bankr is taking a different, clever approach by allowing new meme coins to be paired with over 90 tokenized stocks like $TSLA or $AAPL instead of ETH. Its founder even launched $REAL paired with Nvidia stock, aiming to tap into the chain's dual focus on RWA and memes. With all major platform-related tokens already boasting market caps over $10 million, the battle is far from over. The most prudent strategy currently is to monitor these competing platforms closely, as their rivalry is likely to generate more opportunities.

marsbit07/20 09:39

The Hundred Platforms War on Robinhood’s Launchpad: Who Will Have the Last Laugh?

marsbit07/20 09:39

Conversation with Co-founder of Hyperdash: Why is Hyperliquid Still Severely Undervalued?

Interview Summary with Hanson Birringer, Co-founder of Hyperdash: Why Hyperliquid Remains Undervalued In an interview on *The Rollup*, Hanson Birringer, Co-founder and Chief Revenue Officer of Hyperdash—a trading data analytics platform for Hyperliquid—shared his investment thesis on the Hyperliquid ecosystem. He described Hyperliquid as a pure play on three key crypto super-trends: perpetual contracts, real-world assets (RWAs), and stablecoins. The platform is an open-source, decentralized, and high-performance financial system uniquely positioned to bridge traditional institutional capital with decentralized finance. Birringer highlighted Hyperliquid's leadership in perpetual DEX trading and its recent innovation of RWA perpetual contracts. He emphasized the significance of USDC becoming a core quoting asset, which, by allocating 90% of its backend yield from assets like US treasuries to a protocol buyback fund, creates substantial, programmatic buy pressure for the Hype token. He addressed regulatory challenges, noting that Hyperliquid's policy team is actively engaging with US regulators like the CFTC to establish clear rules for decentralized venues. Once achieved, regulated brokers could route orders directly to Hyperliquid's backend, tapping into its low-cost liquidity layer. Regarding revenue, Birringer was optimistic, citing the immense size of traditional financial markets. Even capturing a small fraction of global trading volume in products like RWA perpetuals could lead to exponential growth for the protocol. The recently launched Grayscale Hyperliquid ETF, seeded by their SPV (Hyper Holdings Global), provides a compliant on-ramp for institutional investors drawn to the clear "cash flow + token buyback" model. Finally, he discussed Hyperdash's acquisition of Imperator, enhancing its data and node infrastructure to serve both retail traders and traditional asset managers. His bullish case rests on Hyperliquid's potential to provide unprecedented global access to dollar-based capital markets. He struggled to articulate a bear case, seeing the long-term trends of internet adoption and financial inclusion as powerful tailwinds.

marsbit07/19 05:40

Conversation with Co-founder of Hyperdash: Why is Hyperliquid Still Severely Undervalued?

marsbit07/19 05:40

Analyzing SYRUP’s fall from $0.20: Can Maple’s TVL growth help?

Maple Finance's SYRUP token fell from $0.20, aligning with a broader crypto market downturn, despite the protocol's strong on-chain performance showing a divergence. Maple's Total Value Locked (TVL) increased by approximately $173 million within 48 hours, indicating sustained demand for the protocol itself. Meanwhile, SYRUP's Open Interest in derivatives fell by 7%, with a decline from $24.15 million to $22.44 million, suggesting traders reduced their exposure amid increased volatility. The Long/Short Ratio also dropped to 0.74, showing more short positioning. While forced liquidations were minimal, the token's decline was attributed more to overall market weakness than protocol deterioration. The summary concludes that SYRUP could regain demand if general market sentiment improves and Maple Finance continues its growth trajectory.

ambcrypto07/17 23:03

Analyzing SYRUP’s fall from $0.20: Can Maple’s TVL growth help?

ambcrypto07/17 23:03

Who Is Shaping Ethereum's Future: The Takeover by Token-Holding Companies Could Be the Best Thing for ETH in Years

**Title: Who is Building Ethereum's Future? Corporate ETH Holders Take Over Funding, Possibly the Best Thing for ETH in Years.** **Summary:** The Ethereum Foundation is scaling back due to fiscal concerns, but publicly traded companies holding large amounts of ETH, like Bitmine and SharpLink, are stepping in to fund protocol development. These firms collectively hold nearly 5% of ETH's circulating supply and are using their staking yields to pay for R&D. Unlike MicroStrategy, which merely accumulates Bitcoin, these ETH treasury companies are reinvesting profits directly into the protocol's development—potentially allowing all ETH holders to benefit from this free "spillover." Key drivers for this shift include these companies' stalled business model. Their "flywheel" of issuing stock to buy more ETH broke as their stock prices fell below the net value of their crypto holdings (mNAV < 1). With their ETH holdings also deeply underwater, simply waiting for price appreciation failed. By funding Ethereum's roadmap—through new non-profits like ETH Labs and Ethereum Institutional—they aim to increase the utility and value of the underlying asset that dominates their balance sheets. This creates a new alignment of interests: these companies are highly incentivized to see Ethereum succeed and are less likely to sell en masse. However, risks remain. The exact funding amounts are undisclosed, and these treasury firms themselves are vulnerable if ETH prices fall further, which could halt their contributions. **Additional Context:** The article also contrasts Jito's new "token-centric" proposal (JIP-38), which credibly directs platform fees to token buybacks, with Venice's less concrete promises, highlighting the importance of where revenue legally lands and who controls the mechanisms. Other notable industry updates include the rise of TradFi perpetuals on Hyperliquid, new Bitcoin staking via Stacks, and various DeFi product launches.

marsbit07/17 07:48

Who Is Shaping Ethereum's Future: The Takeover by Token-Holding Companies Could Be the Best Thing for ETH in Years

marsbit07/17 07:48

Ansem: Why I Believe Token Buybacks Don't Solve Anything?

Crypto trader Ansem argues that token buybacks alone do not create value. Instead, a project's valuation multiple is driven by "trust premium" built between the team and its community. He compares two high-revenue Solana protocols: Hyperliquid (estimated $800M annualized revenue, ~$650B FDV) and pump.fun (estimated $440M annualized revenue, ~$14B FDV). Both aggressively use most protocol revenue for buybacks, yet their valuation multiples differ by nearly 50x. Ansem attributes Hyperliquid's high valuation to the trust earned by its founder Jeff and team through consistent execution, transparent community rewards, and a dedicated user base. In contrast, he criticizes pump.fun for failing to fulfill a promised airdrop of 24% of its token supply for over a year since its July 2025 ICO, despite generating over $1B in revenue and raising $1B in the ICO. He suggests that honoring its commitments could significantly boost its token price and platform metrics. The core thesis is that trust, not just financial mechanics, is the key driver of crypto asset valuations.

marsbit07/17 04:40

Ansem: Why I Believe Token Buybacks Don't Solve Anything?

marsbit07/17 04:40

Less Money, More Problems: Maple's Opaque Buybacks, Uniswap V4 Fees Kick In, Sky's Unreadable Ledger

The article discusses a shift in the crypto industry from vanity metrics like TVL to a focus on real revenue generation and how that value is distributed. It highlights three key examples: * **Maple's Opaque Buybacks:** While implementing a revenue-linked token buyback program, the purchased tokens go to a Strategic Fund for undefined uses, leading to community concerns about a lack of true value accrual for holders. * **Uniswap V4 Fees & LP Concerns:** With fees activated on Uniswap V4, there is a risk that liquidity providers (LPs) may migrate to avoid them. Proposals suggest making fees conditional on LP profitability. * **Sky's Complex Value Flow:** Despite strong revenue, Sky’s structure involving Prime Agents makes it difficult for token holders to track and claim their share of value, as profits can flow to various ecosystem entities. The piece also notes the trend of tokenized assets (like Fidelity's fund in Theo's thBILL) evolving from simple issuance to becoming useful components in DeFi products, and covers other developments like Ondo's new perps product using tokenized stocks as collateral.

marsbit07/15 06:38

Less Money, More Problems: Maple's Opaque Buybacks, Uniswap V4 Fees Kick In, Sky's Unreadable Ledger

marsbit07/15 06:38

$407M in buybacks remove 15% of PUMP’s supply – $0.001698 is in sight

The Pump.fun platform is generating substantial revenue, with annualized earnings reaching $344 million and approximately $944,000 per day. Over $407 million has been used to buy back and remove 15% of the PUMP token's circulating supply, creating consistent demand. The platform maintains strong daily user activity, supporting this buyback model. Technically, the token's price has broken past key resistance and, with indicators suggesting an oversold condition, a continued bullish move toward the next target of $0.001698 is possible. The sustained revenue stream and ongoing supply reduction are key factors for potential future price appreciation.

ambcrypto07/13 17:03

$407M in buybacks remove 15% of PUMP’s supply – $0.001698 is in sight