Fiat currency is very similar to governance tokens; essentially, they are government-issued tokens.

The purpose of this token is actually to build, just like how DEXs on Ethereum issue their own governance tokens, which we call mining tokens, used to subsidize liquidity providers and attract you to market-making and trading here.
COMP, UNI, SUSHI, essentially all are this kind of thing; the token itself has no value, it's just an incentive certificate.
What governments do is the same: printing money to subsidize infrastructure, stimulate the economy, attract talent and capital to "provide liquidity."
After the dollar detached from gold in 1971, fiat currency became a token solely supported by credit, fundamentally no different from mining tokens.
So what’s the ending?
We’ve already seen mining tokens: COMP dropped from $911 to $20, CRV from $60 to $0.22, a 99.6% decline, and eight mainstream DeFi governance tokens on average fell 96% from their highs.
Altcoins are even worse; according to CoinGecko, out of 20 million tokens, 13.4 million are already dead, and 91% of the 2014 batch went to zero.
Compared to gold, fiat currency is also constantly depreciating, but why don’t we feel it? Because the units we usually use to buy things are HKD, USD, JPY—measuring with a ruler, of course, it seems unchanged.
But if we look at gold, in 1960, gold was $35 per ounce; today, it’s $4750, meaning the USD has depreciated 136 times relative to gold.
The US M2 money supply expanded from 312 billion to 22.4 trillion, an increase of 72 times, but real GDP only grew 7 times in the same period.
The difference is the part of your purchasing power that has been diluted.
More extreme: Zimbabwe removed 25 zeros, Venezuela removed 14 zeros, and a loaf of bread went from 163 marks to 200 billion marks.
The fate of these fiat currencies is very similar to some meme coins.
They follow the same path: issuance, dilution, devaluation, zeroing out.
The crypto world just accelerates all these cycles.
Various legal systems, monetary policy tools, and our familiar daily rhythms slow down the same process over decades—so slow that you pretend it doesn’t exist.