Key metrics include liquidity, trading volume, staking participation, active users, and community engagement. Token velocity, governance participation, and protocol adoption reflect functional utility, while price stability indicates market confidence. Security audits, bug-free smart contracts, and transparent communication also affect credibility and long-term growth. Monitoring these metrics helps developers adjust incentives, reward structures, and marketing strategies to retain users. A healthy ecosystem balances high activity with sustainable tokenomics, ensuring value accrues to participants rather than just speculators. Success depends on both functional adoption and trust within the community.
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