I scrolled through a few blockchain game pools on my way to work, and the same old problem persists: production is too aggressive, inflation is like opening the floodgates, a few days ago the APY looked attractive, but later on, more and more tokens are being mined and buying volume hasn't kept up, causing the pool to collapse on itself. To put it simply, you first need to ask, "Who will absorb this output?" If the answer is "new players coming in to take over," then don't pretend it's an economic model; at best, it's just a rebranded crowdfunding.

Recently, someone was talking about rate cut expectations, and when the US dollar index moves, risk assets jump together. Blockchain games are even more sensitive: when macro sentiment is good, everyone dares to push forward; when sentiment is bad, everyone runs away, leaving only miners fighting each other. If project teams really want to last longer, they shouldn't just focus on increasing output to boost data; they should first solidify the consumption scenarios, even if it's slower... Anyway, I find it funny when I see "high output + no consumption."