Recently, I checked the data of several blockchain game pools again, and honestly, it's still the same pattern: high output, demand can't keep up, and the pools look lively but are actually leaking. In the early days, high emissions attracted people in; once new users stopped coming, old players could only serve as mutual bagholders, and when the token price softens, the return-on-investment expectations collapse faster than expected, leaving only an accelerating inflation spiral.

Some people also complain that on-chain data tools and label systems are "lagging" or even misleading. I can actually understand... These tools at most help you see "what happened," but you have to ask yourself: is this output selling pressure or locking tokens? Don’t just get excited when TVL increases. Anyway, I now trust a few simple indicators more: new fund sources, real consumption scenarios, and whether emissions are decreasing. If you're wrong, admit it—don’t stubbornly hold on.

I'm going to get to work.