Alea Research: Market fell, but DeFi tokens with real buybacks outperformed
- —Median weekly crypto return was -3.1%; BTC fell 2.4% to $82,000
- —US spot bitcoin funds saw $678.9M in net outflows, reversing a $241.1M inflow
- —RAY rose 24.4%, MET 43.4% and ORCA 34.5% as pool revenue grew
- —Lido has not executed LDO buybacks since Aug 10; Venice buybacks lag new supply
Why it matters: The report sets a framework: token gains without revenue and actual buybacks lack demand support, a key filter for picking DeFi assets.
Source: TokenPost