Recently, I checked the data of several blockchain game pools again, and to put it simply, they treat the yield as an ATM: minting coins daily, distributing rewards, attracting new users, but the incoming money hasn't kept up, so selling pressure arrives first.

When the sentiment indicator heats up, on-chain transfer numbers also increase, but the pool balances actually drop even faster, like pouring water out while pretending to be circulating...
Inflation not only dilutes prices but also dilutes retention, players go from "playing" to "calculating."

By the way, looking at the modularization and the narrative of the DA layer, developers are talking excitedly, and users just ask: where do I click?
Blockchain games are the same; no matter how much you talk about economic models, in the end, it’s about where the money comes from and where it goes.
Anyway, right now I see pools with high-frequency output and low consumption, and I get a bit nervous.
Let’s leave it at that for now.