The Shifting Landscape of Token Decentralization

This chapter explores the dynamics of token decentralization in the evolving crypto markets, emphasizing the rise of DeFi protocols and their impact on transaction fees. The analysis highlights the importance of network activity and aggregated metrics in evaluating cryptocurrency performance, particularly in relation to Ethereum and its ecosystem. Furthermore, it discusses the challenges of sustaining incentive programs and the implications of overcapacity in the financial system as traditional finance begins to intersect with blockchain technology.

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