Only 5 of the 28 tokens tracked by @DromosLabs (kitchen) returned more value to holders than they emitted over the past 30 days. So it's important to understand how this dashboard compares two flows. Flow 1: Value directed to holders: buybacks, burns, fee distributions. examples: → $GMX, +10x. Small at $3.8M, best ratio on the board. → $CAKE, +2.0x. Burns do the work. Trading fees get torched weekly. → $AAVE, +1.6x. Fee distributions plus buybacks. Modest emissions. → $HYPE, +1.5x. $36.9M in buybacks beat claims and incentives. Flow 2: Value entering circulation: unlocks, incentives, staking issuance, tokens leaving protocol reserves. examples: → $XRP, -17,847x. No holder revenue. Escrow added $1.9B. → $BTC, $ADA, $DOT, $ZEC, Zero returned to holders, pure issuance. → $SOL, -92x. $ETH, -41x. Fee revenue buried by staking issuance. → $PUMP, the vesting case. Vesting tokens hitting the market. Worth remembering when you wonder why megacaps with massive valuations bring nothing back to you as a holder. Maybe time to rotate?