A viewpoint has sparked considerable discussion in the encryption community—recently, the leader of a major exchange proposed an ambitious goal: the ecosystem coin under its umbrella is to rise to 10,000 dollars. It sounds quite ambitious, but upon closer examination of the underlying logic, it is indeed not without basis.

What does this mean? From the current price level, there is at least 10 times the imagination space. Correspondingly, the total market value will also break through the trillion-dollar mark. However, this is no longer just a story of "exchanges making transaction fees"; it is a complete narrative that includes trading, financial services, application ecosystems, and even asset storage.

The biggest change is actually here: Previously, these types of tokens mainly relied on trading volume and destruction mechanisms to maintain value. And now? They have become one of the most active smart contract platforms in the world. The ecosystem is full of DApps, GameFi projects, and DeFi protocols running on this chain. Tokens have transformed from mere transaction fee payment tools into the "infrastructure" and "governance warrants" of the entire ecosystem. Need on-chain services? You have to use it. Want to participate in new projects? You need it. This shift in role has qualitatively enhanced its value capture ability.

What's more interesting is that the wave of decentralized stablecoins is redefining the imagination of on-chain finance. From the policy level to international financial institutions, the traditional financial sector's attention to on-chain assets has reached an unprecedented high. In this context, the value logic of a platform coin that truly supports a complete ecosystem is becoming increasingly clear.