#稳定币生态发展 Seeing the 55% decline in GameFi funding doesn't surprise me; in fact, it’s a relief. Over the past two years, I've seen too many projects rely on "play and earn" stories to raise money, boasting extravagantly before launch, only for players to be overwhelmed by bots once they enter. When the incentive mechanisms break down, the game immediately becomes a shell. After a quick profit-taking, they run, while new investors still hope for the next hundredfold coin.

What truly deserves attention is the rise of Web2.5 games. The cleverness of these projects lies in—they use blockchain as a tool, not as a gambling instrument. They avoid issuing tokens forcibly, do not design elaborate Ponzi schemes, and focus on real revenue and user experience. This is the sustainable way to survive. Teams like Mythical Games use blockchain to enhance profit margins and monetization channels, which actually increases user stickiness.

As the stablecoin ecosystem matures, this trend will accelerate. Small transactions become smoother, global payments more convenient, and reward mechanisms can be designed more flexibly. Users no longer need to think about cashing out or trading coins immediately upon entering a game. This is what a healthy ecosystem should look like—the product’s value returns to itself, and speculative space is compressed.

My straightforward advice: stop focusing on projects with large funding but no real revenue. Check if the team has a Web2 operational background, whether the product itself is fun, and if the profit model is clear. The right direction is to survive without relying on a coin price increase.