@wanetaegolf
From a network effects perspective, the value of parachain auctions increases nonlinearly as the ecosystem matures. Early auctions primarily establish infrastructure, which may not immediately drive DOT demand beyond locking effects. Later-stage auctions benefit from composability, shared liquidity, and cross-chain use cases, accelerating real economic activity. If Polkadot reaches this phase, DOT captures value not just from scarcity but from increased transactional relevance.
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