The token utility is one of the biggest factors to influence the growth of the protocol and the token price. Currently the biggest use cases for CFG are a) paying for transaction fees and b) voting in governance proposals.
Although these uses cases are important, it’s not critical enough to attract many new investors right now. Especially the burning of CFG for every transaction on Centrifuge chain does, for the moment, not help to reduce the total supply significantly.
Therefor two governance proposals are in the works and could help to increase the token utilitiy:
https://gov.centrifuge.io/t/rfc-additional-cfg-token-utility/3728
And this one was proposed by the community earlier this year
Please be aware these changes come with big modifications to the protocol and development plus testing take some time