21Shares researcher: Many new tokens have unsustainable models

Darius Moukhtarzade, a researcher at crypto ETP issuer 21Shares, has called for more stable token issuance strategies, citing a recent increase in failed launches. Speaking at the ETHCC blockchain conference, he stated that tokens must be directly linked to core functions such as protocol revenue, governance, or AI agent-based incentives. According to Moukhtarzade, the future success of a token depends not on short-term price increases but on its ability to build a sustainable on-chain economic mechanism that can attract institutional capital and navigate the regulatory environment. He suggested several ways to improve tokenomics this year, including: - Expanding the initial circulating supply to over 20% - Achieving product-market fit (PMF) - Designing transparent token supply plans with long-term vesting schedules