Take Uniswap as an example. Thanks to its brand and technological advantages, it has successfully maintained its market dominance for several years. However, even Uniswap has had to choose to launch its own tokens when facing competitors such as Sushi, rather than compete solely with products. Cases like this lead me to believe that if a successful cryptocurrency product does not launch a token, its profit margin will be gradually eroded in the long term, or overtaken by competitors with issu...

Take Uniswap as an example. Thanks to its brand and technological advantages, it has successfully maintained its market dominance for several years. However, even Uniswap has had to choose to launch its own tokens when facing competitors such as Sushi, rather than compete solely with products. Cases like this lead me to believe that if a successful cryptocurrency product does not launch a token, its profit margin will be gradually eroded in the long term, or overtaken by competitors with issu...