I just woke up and scrolled to a chain game pool, and it crashed again. When I looked back at its economic model, basically it was just uncontrolled inflation and unchecked output. No matter how flashy the gameplay is, it can’t hold up. Early on, returns were high, so everyone rushed in to mine, and the output poured out like a flood. But the “water” in the pool was only so much—when nobody is left to take over, the price naturally can’t be supported. Yesterday I saw someone compare RWA and U.S. Treasury yields with on-chain yield products, and I thought that was pretty interesting. The chain game’s output logic, when compared with these traditional assets, mainly lacks a stable “anchor.” There’s no real yield backing—only expectations and sentiment, and it collapses fast. Anyway, for projects like this, I now always check the contract permissions first, and I stay cautious around pullbacks. When the output is too high, I’m actually afraid to enter—because I’m worried that if I go in, I’ll be the one picking up the last baton.