Are DeFi Tokens Losing Relevance Without Fresh Utility?

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Manon

Manon

Well-known member
Even with DeFi 2.5 innovations, most DeFi tokens are just governance placeholders with price volatility and no intrinsic use. Outside of fee-sharing (like GMX, GNS), is anyone truly innovating with DeFi token mechanics anymore?

Which protocols are still pushing functional, user-aligned token design?
 
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