More and more analyses are pointing to the same conclusion: SocialFi is essentially a false proposition. Just look at the token holders of various projects now, and you'll see that many have become de facto bagholders.

Where is the problem? Frankly, forcibly embedding financial attributes into social products simply doesn't work. Users need genuine social experiences, not interactions hijacked by token mechanisms.

On the other hand? If social platforms are built solidly first, establishing a real user base and activity, then appropriately introducing financial tools, there is a chance. However... such projects can no longer be called SocialFi. This is something that project teams still dreaming big should consider.