Ever wonder what really backs a crypto token's value?

Three pillars: Financial incentives, actual utility, and social capital.

But here's the thing - as Layer 1 chains watch their prices melt and transaction fees race toward zero, most tokens are failing this triple test. Hard.

The economics just don't add up anymore. When your network charges nothing and the token bleeds value, where's the sustainability?

Yet Canton Coin is floating around as this weird exception. Maybe it's cracking the code where others couldn't. Or maybe it's just another temporary anomaly in a broken model.

Either way, worth watching how this plays out.