Utility Tokens: A Misused Term That’s Lost All Meaning?

Samantha Jones

Active member
Every project calls its coin a “utility token,” but 90% of the time, the only utility is to pay for gas or unlock staking. That’s not real utility—it’s tokenomics theater.

Why haven’t we evolved toward true in-protocol value exchange, where holding the token provides actual access, priority, or off-chain benefit?
 
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