Most tokens fade after launch. No utility, no value loop, just vibes.

But @dYdX did something smart:

They’re buying back their own token. Not as a stunt. Not to pump. But as a signal.

25% of protocol fees now go to monthly $DYDX buybacks.

Direct. Onchain. Community-first.

It’s not about charts. It’s about closing the loop. Aligning growth with holders.

Giving the token a reason to exist beyond speculation.

To me, this feels like dYdX is saying:

“We believe in what we’re building. Enough to reinvest into it.”

That’s not hype. That’s design.