Blackhole Foundation Completes $132K Token Buyback for Ecosystem Development

Black Hole DEX has announced **Escape Velocity Season 16**, the latest iteration of their trading competition program. **Key Details:** - New season brings fresh opportunities for traders to compete and earn rewards - Follows the successful Season 14 format - Full rules and participation details available at [paragraph.com/@blackholedex](https://paragraph.com/@blackholedex/announcing-escape-velocity-season-16) The Escape Velocity series continues to be a core engagement mechanism for the Black Hole DEX community, offering traders structured competition periods with incentives. Traders interested in participating should review the complete ruleset to understand eligibility requirements and reward structures.

**Escape Velocity Season 16 is now live**, offering 2,500,000 veBLACK in rebate rewards to participants. **Qualification Requirements:** - Create a supermassive lock worth 2,000 veBLACK or more - Complete lock by August 6th at 12:00 UTC **Previous Season Results:** Season 15 concluded with 15,757,139 BLACK tokens burned and a 33% rebate rate. All rewards from Season 15 have been distributed to participants. This marks the continuation of the Escape Velocity program, which incentivizes long-term token locking through substantial rebate rewards.

Avalanche's epoch 35 concluded with significant activity metrics: - **Total trading volume**: $396M+ - **Voter rewards distributed**: $222K+ The rewards were distributed exclusively to voters participating in the Avalanche ecosystem's governance mechanism. This epoch represents a snapshot of the network's trading activity and incentive distribution during the period. The figures demonstrate ongoing participation in Avalanche's voting and trading infrastructure, with rewards flowing to active governance participants.

**SuperVerse has allocated over $5,900 in rewards** to the $SUPER / $BLACK basic liquidity pool for the current epoch. - Liquidity providers can earn rewards by voting for @SuperVerse - The incentive program continues from previous epochs, with $5,800+ added in epoch 32 - Previous rewards reached $8,000 in mid-February The rewards are distributed through the Blackhole platform, encouraging community participation through voting mechanisms. Liquidity providers who stake in the $SUPER / $BLACK pool can claim their share of the allocated rewards. **To participate:** Vote for SuperVerse and provide liquidity to the designated pool.

Blackhole DEX has surpassed **$25 billion in cumulative trading volume**, marking a significant milestone for the decentralized exchange. **Recent Performance Highlights:** - Distributed over **$35 million in cumulative rewards** to veBLACK token holders - Completed a **5.9M+ $BLACK buyback** through the Blackhole Foundation - Generated **$2B in trading volume** during January 2026 alone - Distributed **$1.4M+ in rewards** to veBLACK holders in the same month The platform continues to demonstrate strong trading activity while maintaining its rewards distribution program for token holders. The buyback initiative signals ongoing commitment to token economics and holder value. [View announcement](https://x.com/BlackholeDEX/status/2013309518608765032?s=20)