Meme Insider
In the fast-paced world of decentralized finance (DeFi), one metric that's gaining traction is "holders revenue." This refers to the portion of a protocol's earnings that directly benefits its token holders through mechanisms like buybacks, burns, staking rewards, or direct distributions. Recently, DeFiLlama, a go-to platform for transparent DeFi analytics, posted an insightful update on X (formerly Twitter) highlighting the top 10 protocols by this metric over the past seven days.
DeFiLlama's data sheds light on how these projects are returning value to their communities, which is especially relevant for meme token enthusiasts. Platforms like Pump.fun and letsBONK.fun, which specialize in launching meme coins, are making waves by channeling fees back to holders. This not only incentivizes long-term holding but also ties into the viral, community-driven nature of meme tokens.
Here's the visual breakdown from DeFiLlama's post:
Breaking Down the Leaders
Let's dive into the top performers and what their revenue-sharing models mean for users and investors.
Hyperliquid (Dexs): Topping the chart with $17.66M in 7-day holders revenue, Hyperliquid allocates 93% of fees to an Assistance Fund for token burning, with the remaining 7% going to the HLP Vault. This burn mechanism reduces supply over time, potentially increasing token value—a classic deflationary strategy that's appealing in volatile markets.
Pump (Launchpad): As a popular meme coin launchpad on Solana, Pump.fun (often stylized as Pump) generated $6.47M in the last week through PUMP token buybacks from revenue. This direct buyback approach supports token price by reducing circulating supply, making it a favorite among meme token creators and traders looking for quick launches and community rewards.
Aerodrome (Dexs): With $4.24M, Aerodrome directs money to governance token holders. Governance tokens empower holders to vote on protocol decisions, combining revenue sharing with decentralized control—key for sustainable DeFi growth.
Jupiter (Derivatives): Earning $2.98M, Jupiter shares 50% of revenue (12.5% of total fees) with JUP holders. This model aligns incentives between the platform and its users, fostering loyalty in the competitive derivatives space.
Sky (CDP): Sky focuses on SKY token buybacks and staking rewards for sky stakers, pulling in $2.79M. Collateralized Debt Positions (CDPs) allow users to borrow against assets, and rewarding stakers adds an extra layer of engagement.
Other notable entries include PancakeSwap, a multi-chain DEX using fees for CAKE buyback and burn; letsBONK.fun, another launchpad with a mix of buy/burn, SBR rewards, and BonkRewards—perfect for BONK meme coin fans; Curve Finance, rewarding veCRV voters; Raydium, with targeted buybacks; and Blackhole, distributing to veBlack holders.
Why This Matters for Meme Tokens
For those in the meme token ecosystem, this list highlights how DeFi protocols are evolving to include revenue-sharing features that mimic traditional dividends but in a crypto-native way. Launchpads like Pump.fun and letsBONK.fun are particularly exciting because they lower barriers for creating and trading memes, while rewarding holders with real economic benefits. This could lead to more sustainable meme projects, moving beyond hype to tangible value.
If you're building or investing in meme tokens, keeping an eye on holders revenue via tools like DeFiLlama can help identify protocols that prioritize community returns. As blockchain tech advances, expect more innovations in how protocols distribute earnings.
Stay tuned to Meme Insider for more updates on how DeFi intersects with the wild world of meme coins!
