The case for utility tokens is getting weaker when you really dig into it. Most of them? They're basically running on fumes for retail investors. Here's the thing: the majority show zero correlation with their underlying protocol's performance. Take a DEX token as an example—solid platform, genuine user traction, but the token itself? It sits disconnected from the protocol's success. That's the real problem. Holders don't actually benefit when the ecosystem thrives. No revenue share, no meaningful utility. You're holding something that doesn't ride the wave with the product. That mismatch between token value and platform growth is exactly why so many retail users stay skeptical.