Utility in cryptocurrency refers to the practical use or function of a cryptocurrency beyond just being a store of value or investment. It highlights how a token or coin can serve specific purposes within its ecosystem.For example, many cryptocurrencies enable users to access services or products. A token might be required to use a platform, pay for transaction fees, or access certain features. This makes the token valuable to users who need it for those particular functions.Additionally, some cryptocurrencies facilitate processes like smart contracts, decentralized finance (DeFi), or governance decisions. Users holding these tokens may have voting rights or be able to stake their tokens for rewards.Ultimately, the concept of utility emphasizes the importance of a cryptocurrency’s role in facilitating activities, enhancing user engagement, and contributing to the overall functionality of its related platform or service.