What Still Matters in Crypto Without Tokens? Solv CEO Names 3 Key Protocols

Ryan Chow, CEO of Solv Protocol, argues that if crypto tokens disappeared, value would revert to fundamental infrastructure, adoption, and security, rather than speculative price action. He contends that token price is often a 'lagging, noisy proxy' for real value, which is better measured by sustained usage, institutional trust, and integration capabilities. Without tokens, speculative activities like airdrop farming would vanish, leaving purely instrumental use cases like stablecoin payments and onchain credit. Developers would shift focus from short-term incentives to building robust systems like verifiable reserves, auditability, and compliance-ready workflows. Chow named three protocols he believes would remain essential: Chainlink, for its indispensable oracle data feeds; Canton Network, due to institutional demand for private, regulated settlement; and Circle, for providing foundational, regulated stablecoin infrastructure for payments and treasury management.

(Source：BeInCrypto)