Yesterday I stumbled into a blockchain game group chat, and everyone was arguing again about “why the pool is empty again.” Basically, a lot of the time it’s not that the gameplay isn’t good—it’s that the whole economy is running out of breath: production keeps opening the sluice gates to “let water out,” but demand never keeps up. Once there are too many coins, you can only lean on more and more newcomers to take the bags. In the end, everyone learns to mine and then sell, and the pool is like it’s being drained bit by bit.

Recently, this new “incentives for TVL” play from L1/L2 also feels pretty similar. The complaints from old users are painfully real… the short-term numbers look good, but the long-term vibe is exhausting. These days I play blockchain games with a much more laid-back attitude—I just try it with a small position. When I see inflation can’t be held back and everything is only propped up by subsidies, I just move on; I’ll keep my mindset intact first.