What Role Does Token Utility and Network Adoption Play in Determining Intrinsic Value?

Token utility is the functional use of the token within its ecosystem, such as paying for gas, securing the network through staking, or accessing services. High utility creates sustained demand, independent of speculative trading.

Network adoption, measured by active users, transaction volume, and developer activity, validates the utility and expands the economic base. The intrinsic value is directly proportional to the utility and the scale of the adopted network, as per models like Metcalfe's Law.