Solana Mobile says daily SKR buybacks have burned 1.2 million tokens

Solana Mobile said its daily SKR buyback program has burned 1.2 million SKR tokens, tying token supply to ecosystem revenue. The program uses revenue to repurchase and burn SKR, aiming to reduce circulating supply and potentially support the token's value. It matters because the mechanism links tokenomics directly to real ecosystem activity rather than speculative emissions. The approach remains dependent on sustained user trust and activity to keep revenue—and therefore buybacks—flowing. Watch next for continued burn disclosures and whether ecosystem usage holds up enough to sustain the program.