qinbafrank
qinbafrank|Sep 22, 2025 03:20
If a company in the U.S. stock market reports quarterly business data that consistently grows, its stock price can skyrocket. But in the crypto market, UNIswap has seen over $1 trillion in trading volume over the past four quarters, with strong growth momentum, yet its token price is still stuck at the bottom. Why? Tokens fail to capture value, the core team's interests are not aligned with token holders, so there's no incentive to push value back into the token (mostly lying flat), and the unlocking process lacks transparency. All of this leads to a huge disconnect between token price and business fundamentals. This is also the significance of on-chain assets—bringing more high-quality assets that are strongly tied to business fundamentals onto the chain, eliminating junk assets. The crypto market has too few quality assets available for trading, and even fewer that are worth holding long-term. A supply-side revolution for on-chain assets is urgently needed. This would also push the entire crypto industry to evolve, focusing on tokens capturing value, ensuring token value is strongly linked to business fundamentals, and allowing token holders to benefit from the continuous growth of the business. Project teams should gain rights while also bearing sufficient responsibilities.
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