Har blockchain ecosystem ek critical point par aata hai jahan speculation aur real usage ke beech clear separation dikhne lagta hai. Isko real usage threshold bol sakte hain. Fogo ke evolution ko samajhne ke liye ye stage relevant hai.
Early lifecycle me transaction volume kaafi had tak trading aur token movement driven hota hai. Ye liquidity activity hoti hai, jo visibility create karti hai lekin sustainable network demand represent nahi karti. Real shift tab start hota hai jab transactions ka meaningful hissa application interaction se aane lagta hai.
Usage threshold ka main indicator hota hai activity composition change. Jab wallet behavior holding se interaction me convert hota hai, network ka economic layer activate hota hai. Is stage par fees ka pattern bhi change hota hai, kyunki transactions repetitive trading se hatkar functional operations represent karne lagte hain.
Dusra signal hota hai retention. Real users periodic return karte hain kyunki unka network par purpose hota hai. Agar wallets sirf market cycle ke time active hon aur baad me dormant ho jayein, to usage structural nahi hota. Sustainable ecosystems me interaction continuity dikhai deti hai.
Fogo ka next structural milestone isi threshold par depend karega. Agar on-chain activity ka share gradually speculative transfer se functional usage me shift karta hai, to network compounding phase me enter karega. Ye stage valuation narrative ko fundamentally change karta hai, kyunki chain ko asset nahi balki usage infrastructure ki tarah treat kiya jata hai.