Have been thinking about this framing of how fungible tokens are still in the early App Store phase where we're still figuring out the apps that make the most sense:

We're still early and many of the memecoins won't survive. But, I think we're seeing how fast capital, attention, and product usage can grow based on speculation.

Key thing is to not confuse token buyers = long-term retained users

Mobile apps/websites = engagement driver through accessibility (users can access your service anywhere with internet connection + device)

Fungible tokens = engagement driver through utility speculation/financial upside (the speculation drives attention, acquisition, or retention of a product)