To be honest, recently looking at a few blockchain game pools, it feels less like "no users" and more like production is too aggressive + inflation can't be contained. In the early stages, they attract people with high drops, and later, a bunch of people only do the same thing: claim tokens → sell → reinvest. The actual consumption scenarios in the pool can't keep up, and when prices soften, everyone withdraws together, liquidity feels like it's been drained. Then, if on-chain delays or packing order fluctuate, slippage gets even bigger, and panic amplifies... I'm not sure if I'm just paranoid again, but this kind of "maintaining prosperity through token issuance" structure is really fragile. On the macro side, there's still debate about interest rate cut expectations, with the US dollar index and risk assets fluctuating together. When sentiment reverses, blockchain games—being the first to be used as a cash machine—basically can't escape. Anyway, when I look at pools now, I focus on whether production has slowed down and whether the recovery is enough; otherwise, no matter how beautiful the dashboard looks, it's just for show.