Use case definitely has a place. But the blockchain itself has to have some way of generating revenue so that it provides value to people who hold the token.

One great example is Hyperliquid (HYPE). Most of the fees they collect in USDC buy back the token and burn it. In this way the value of the token increases long-term.

Binance Smart chain also buys back and burns coins.

Cronos is about to launch their app, which will use earnings to buy and burn CRO tokens.

Even ETH burns a portion of transaction fees, which can exceed the issuance of new tokens from time to time.

There has to be some business model for the chain that can use revenue to provide value to those who are using the tokens.

In the case of BTC and LTC, they don't burn tokens, but the issuance diminishes over time.