The Utility Mirage: How Crypto’s New Metrics Are Just Old Tricks in Disguise
The cryptocurrency industry continues to employ sophisticated methods to manipulate metrics, creating an illusion of utility and engagement. Airdrop economics and inflated user numbers mask underlying weaknesses, while red flags in tokenomics go unaddressed.
Real utility remains elusive as projects prioritize short-term HYPE over sustainable value creation. The sector faces an inevitable reckoning as market participants grow wary of artificial growth indicators.
This pattern echoes previous cycles where superficial metrics gave way to fundamental realities. The current metric migration demonstrates innovation in obfuscation rather than genuine technological progress.