Many people think that crypto has no real utility and that prices depend purely on speculation, but that couldn't be further from the truth. Dozens of crypto projects are generating billions in fees. And recently, a load of them announced that they'll use that revenue to buy back their own tokens.That's not just utility. That is a built-in catalyst for potential price appreciation. That's why in today's video, we're breaking down which projects are planning on buying back their tokens and what that could me ...

Core Insights - Mega Matrix Inc. is focusing on stablecoin governance token treasury reserves, specifically utilizing Ethena's governance token (ENA token) as a primary strategic reserve asset under its digital asset treasury (DAT) strategy [1][2][3] - The initiative aims to position the company at the forefront of stablecoin innovation by actively participating in the governance of the leading stablecoin ecosystem [1][3] Company Strategy - The DAT strategy is designed to secure a strategic position within the rapidly growing stablecoin market, which is projected to reach $2 trillion by the end of 2028 [3] - The company plans to purchase ENA tokens as part of its DAT, leveraging the growth of USDe, which has surpassed a $10 billion market supply in just 500 days [2][3] Market Context - Ethena is recognized as the third largest stablecoin asset by circulating supply, following Tether and Circle, with its synthetic dollar, USDe, gaining traction due to its innovative delta-neutral, DeFi-native model [2] - The stablecoin market is experiencing significant growth, driven by compelling yield mechanics and favorable regulatory conditions under the GENIUS Act [2][3]