@wardklumph
From a token demand perspective, parachain auctions directly affect DOT’s investment value by temporarily locking large amounts of supply. When ecosystem interest is strong, auctions reduce circulating DOT through bonding and crowdloans, tightening liquidity and supporting price dynamics. However, this impact is cyclical rather than permanent, as bonded DOT is eventually released. The key variable for long-term value is whether repeated auction demand remains high, signaling sustained ecosystem expansion rather than one-off speculation.