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“Participatory financialization” represents a deeper evolution: how to retain users and make them more valuable. Every instance of user participation is no longer a one-off event, but rather becomes long-term value that can be accumulated, valued, and redeemed. It transforms “participation → value → re-participation” into a growth flywheel, thereby completely reshaping the logic of user retention. 01. The Shift: From “Speculative Growth” to “Participatory Financialization” Over the past five years, we have experienced: narrative-driven, airdrop-driven, emotion-driven, and now the hottest trend: attention-driven. Behind the narrative of the battle for attention provided by infoFi, we find that, driven by the attention economy and on-chain verifiability, user behavior has for the first time acquired a “measurable price,” and participation itself is becoming a measurable and settleable asset. We’ve previously discussed how…# Analysis# bitcoin# crypto# ethereum# Exchange# Market# ToolPre
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