Hey folks, if you're knee-deep in the wild world of Solana memes and DeFi plays like we are here at Meme Insider, you've probably heard the buzz around token buybacks. They're not just some corporate finance relic—they're a game-changer for meme tokens and protocols alike, signaling real commitment to holders by reducing supply and potentially pumping value. But as Fabiano Solana nails it in his latest thread, buybacks alone? They're a solid start, but the magic happens when you layer on protections like futarchy and legal treasuries.

Let's break down his eye-opening ranking of Solana buybacks as of early December 2025. This isn't just numbers on a chart; it's a snapshot of which projects are walking the talk on sustainable tokenomics. And trust us, for meme coin degens chasing the next 10x, keeping an eye on these could be your edge.

The Solana Buybacks Power List

Fabiano crunched the data, and here's the top tier shaking things up:

1. Raydium: 13.51%
   The undisputed king of the hill. As Solana's go-to DEX, Raydium's aggressive buyback strategy isn't new—they've been community-first since day one. This level of repurchase shows they're not just launching pools; they're building long-term value. If you're LPing on Raydium, this is your green flag.

2. Pump Fun: 12.65%
   Hot on Raydium's heels, Pump Fun is the meme launchpad that's been on fire. With 100% growth in buybacks, it's no wonder—every viral token drop feeds back into the ecosystem. For meme insiders, Pump Fun's model is pure rocket fuel: quick launches, community hype, and now, buybacks that keep the fun sustainable.

3. Metaplex: ~10%
   NFT royalty on Solana? Metaplex is etching its name in stone (or should we say, in candy machines). Their buybacks underscore the shift from one-off mints to ongoing creator economies. If digital art and collectibles are your jam, this protocol's tokenomics are worth a deeper dive.

4. deBridge: 3.46%
   Cross-chain bridging just got a buyback boost, and deBridge is doubling down with that same 100% growth rate. In a multi-chain world, reliable bridges are gold, and these repurchases scream confidence in Solana's interoperability future.

5. Streamflow: ~2.5%
   Token vesting and streaming payments might sound backend, but Streamflow's steady buybacks make it a quiet powerhouse for DeFi builders.

6. Jupiter: 2.1%
   The aggregator that's routing your swaps like a boss. At 2.1%, Jupiter's buybacks align with their mission: efficiency for all.

7. Ore: 0.8%
   Proof-of-work on Solana? Ore's niche play gets a nod with modest but meaningful repurchases.

8. Marinade: 0.7%
   Liquid staking leader, keeping stSOL flowing while buying back to reward delegators.

Fabiano also shouts out emerging players like Magic Eden (fresh off the starting line), Step, Bonk, and Jito—tracking their buybacks is tricky, but they're ones to watch as meme seasons heat up.

That graphic? It's the visual punch that makes Fabiano's thread go viral—clean, data-packed, and screaming "FOMO in."

Beyond Buybacks: The Futarchy Fix

Here's where it gets spicy. Fabiano quotes his own earlier take: buybacks are directionally right, but who really owns them? The DAO? Sure, until a rug or regulatory snag hits. Enter MetaDAO Project and futarchy—a prediction market-driven governance twist that could legally enforce holder rights. Imagine treasuries (including those buyback hauls) locked down like equity shares, ditching the vague "utility token" BS for something ironclad.

He's bullish on deBridge and Pump Fun not just for the numbers, but because they're primed for this evolution. Soon, smart Solana projects might flip to equity-like models, making meme tokens feel more like blue-chip stocks with moonshot upside.

Why This Matters for Meme Token Hunters

In the meme coin arena, buybacks aren't fluff—they're deflationary dynamite. Pump Fun's surge ties straight into the launchpad frenzy, where a single viral meme can 100x overnight. But pairing that with futarchy? It could weed out the scams, letting real communities thrive. As Solana's ecosystem matures, expect more protocols to climb this ranking, turning hype into holdings.

What do you think—will Raydium hold the crown, or is Pump Fun gunning for first? Drop your takes in the comments, and if you're building or spotting the next buyback beast, hit us up at Meme Insider. We're all about that shared alpha.

Stay degens, stay informed. 🚀