2/ This becomes detrimental to tokens reaching escape velocity and is one of many reasons why compounding liquidity early is vital to a token's longevity.
Here's what most people don't understand about why early liquidity hits different:
When a pool is small, early liquidity buys a large ownership share. That share earns fees on every single trade above it, across every market cap tier the token moves through.
The smaller the pool when you add, the larger your slice. And that slice earns on everything that comes after it. Add the same liquidity later when the pool is already deep and you own a fraction of what you would have early. Same capital, same token, fundamentally different position.
The earlier the liquidity, the larger the share, the more it multiplies. It isn't linear, it's multiplicative.