I remember watching some networks show steady transaction activity, but nothing really stuck beyond the moment it happened. It made me rethink what actually holds value. With something like $SIGN, it feels less about the transaction and more about what remains after it.
At first I assumed usage meant transactions. Fees, volume, all that. But here, the audit trail itself starts to matter more. An attestation is basically a structured proof that something happened and can be checked later without repeating the process. If that proof gets reused, it saves time, reduces trust friction, and quietly becomes the real product.
But I keep coming back to one issue. Do people actually reuse these proofs, or just create them once and move on? If it’s the second, then demand stays shallow. You get activity, but not retention. And without recurring verification, token demand feels indirect, especially if supply keeps expanding.
There’s also a risk that low-quality attestations flood the system, or verification becomes too expensive to sustain.
So from a trading angle, I’m watching behavior. Are these audit trails being referenced again and again, or just stored and forgotten? That difference probably decides everything.