What it shows
NinjaBurn is a Premium page about token buybacks and burns. Many exchanges use part of their fees to buy back or burn their own token. The page has two tabs. The Return Radar screens many protocols relative to their size and shows return yield, momentum and signals. Deep Tracking covers selected tokens with on-chain verified data. It shows burn yield, net supply change, revenue coverage, the balance between burns and upcoming unlocks, a monthly matrix and a trend chart. A detail drawer lists recent events with links to the transactions. Each token is tagged by mechanism: burn, buyback and burn, or buyback and lock.
How to read it
Check the mechanism tag first. A burn destroys tokens. A buyback and lock keeps them, and supply can return later. In Deep Tracking, read net supply change next to burn yield, because burns can be smaller than new unlocks. Compare revenue coverage across tokens to see how much of retained revenue returns to holders. Use the monthly matrix and the trend chart to see whether activity is steady or irregular. Tokens with too little history show a calibrating label. Do not compare their ratios with those of older tokens.
- Check each token’s mechanism tag: burn, buyback and burn, or buyback and lock.
- Read net supply change next to burn yield and the unlock balance.
- Open a token’s detail drawer and review its recent events.
What to keep in mind
Some figures are reported by projects and are not tracked on-chain. The page marks them with an approximate sign and lets you include or exclude them. If a burn address is not verified, the page hides the figure instead of showing zero. Unlock schedules show a plan, and actual claims can be lower. USD values use the closing price of each burn day. A burn does not by itself change the token price.
A missing value is not zero. Check the source and time under each data block before you compare numbers.
Questions
What is burn yield?
Burn yield annualises the value of recent burns and buybacks and divides it by market capitalisation. It works like a buyback yield for stocks. It describes past activity of a protocol and does not promise a future return.
What is the difference between a burn and a buyback?
A burn sends tokens to an address where they cannot be used, which reduces supply. A buyback buys tokens on the market. The tokens can then be burned or locked. Locked tokens are not destroyed, so supply can return after the lock ends.
Do I need Premium to open NinjaBurn?
Yes. NinjaBurn is part of NinjaTools Premium. Sign in with a Premium account to open the Return Radar and the Deep Tracking tabs. The detail drawer for each token is part of the page. Current plans are listed in the app.