CHAIN ECOSYSTEM PLAYBOOK: The 3-Wave Value Capture 🌊

Breaking down the real public chain growth mechanics:

PHASE 1: TOKEN MOMENTUM

• Key Action: Native token pump

• Goal: Create viral attention

• Wealth Effect: First wave

Current Example: MOVE/SUI

PHASE 2: INSIDER ECOSYSTEMS

• Key Action: 'Friends & Family' projects

• Catalyst: Missed token rally FOMO

• Wealth Effect: Second wave

Current Example: TON

PHASE 3: TRUE INNOVATION

• Key Action: External dev influx

• Catalyst: Proven profit potential

• Sustainability: Real value creation

Current Example: SOL

CRITICAL INSIGHT: Phase 1 token stability = ecosystem foundation. Whales must transition from token exits to ecosystem value capture.

Are you watching these mechanics? 👀