How Does the Size of the User Base Influence the Potential Market Capitalization of the Token?

The user base size is a key determinant of a token's potential market capitalization because it directly correlates with the potential demand and utility of the token. A larger, engaged user base suggests a higher volume of transactions and a greater need for the native token.

This increased demand, given a fixed or predictable supply, drives up the token's price, thereby increasing its overall market capitalization.