$JUP The Jupiter protocol team (DEX on Solana) announced that it will spend 50% of revenue from fees to buy back its #JUP
Just to give you an idea:
The average monthly trading volume on Jupiter DEX is $110 billion
With a fee of 0.1%, half ($55 million) will be used for buybacks $JUP monthly.
Over the year - $660 million.
That already accounts for 9.4% of the total token supply bought back annually.
These are rough numbers considering current trading volumes.
