2026 Investment New Perspective: Where Does the Real Cash Flow of Tokens Come From? Taking a certain privacy protocol as an example, the answer is actual usage, not market noise. The fees generated from each cross-chain interaction flow directly to stakers, while also triggering a continuous buyback mechanism. The brilliance of this design lies in dynamic incentives—when the price drops, rewards automatically increase to attract participants; when the market rises, holders can still enjoy growth dividends. Under this model, token value is closely linked to ecosystem activity, making it important to focus on projects that truly generate cash flow, rather than chasing hype coins without real application support.