A utility token makes more sense to me when its purpose can be connected to actual platform activity rather than only market speculation. In the SpaceFi ecosystem, SPACE can potentially play a role in governance, incentives, community participation, and other protocol functions. That gives users more reasons to follow how the token is distributed and used, especially when a zksync swap is only one part of the broader DeFi experience. Token vesting is one detail I would examine before forming any opinion about long-term supply. Projects launched through SpaceFi may allocate tokens to teams, early backers, ecosystem programs, or future incentives, with some of those allocations locked for specific periods. When large unlocks arrive, circulating supply can increase significantly and potentially affect price or liquidity. I would therefore check both the size and timing of upcoming releases rather than focusing only on current market capitalization. Liquidity movements can also provide useful warnings. If a pool suddenly loses a large percentage of its reserves, the same zksync swap https://spacefi.to/ that previously had little price impact may become much less efficient. One large withdrawal does not necessarily mean a problem exists, but repeated exits combined with declining volume and shrinking depth would make me more cautious. On-chain transparency is useful here because users can watch these movements instead of depending entirely on an interface.
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