this is the right move setting aside the inaccuracies from noisy data and the sheer volume of tokens; not to mention, features that are already served better elsewhere as a primary products, there is a deeper issue here we underestimate the mimetic, psychological damage of opening a token page and seeing a holder base universally down 60 or 70% worse still, discovery often happens through a shared card broadcasting a -60% pnl: that moment becomes a contagion the reality is that we are several abstractions removed from equities, which are already risk-on assets under extreme volatility and macro pressures. the resulting downstream reflexivity is brutal, particularly for builders thinking in multi-year horizons price is not the signal. holder quality and turnover are. conviction is what will matter going forward, especially as revenue-sharing matures and projects seek to escape any single ecosystem’s gravity into independence the purpose of fc is not to optimize for short-term price action; it is to provide the momentum and distribution required to secure initial investor capital and a committed core user base; enough to eventually escape a persistent fixation on price and trading caps that vision: it forces builders to ship token-first features immediately post-tge or accept extraction during the initial run, forcing them into the same mimetic trap thereafter if they choose to focus on product first for a builder, a token is day one. but when profit and trading dominate the native launch platform, initial token performance becomes the final act what we need instead is a living database of ecosystem tokens, grounded in conviction-based metrics, and centered on the developer, the vision, the execution, and the path forward to do this properly, we must meet smart money where it already is and give it the data it actually values—just as we have long done for traders to our own demise give me a dev log before a pnl card give me lock-ups before charts i do not care who lost money or who round-tripped or extracted the top i care about the caliber of the builder, the integrity of the project, and the quality and conviction of the early holders standing beside them