Web3 gaming has lost its momentum, sliding from 2nd place down to 12th on DefiLlama's narrative ranking. Liquidity conditions are looking stretched, with increasingly thin trading volumes across gaming tokens. Meanwhile, prediction markets have captured the market's attention and capital flow.



Ronin tells a cautionary tale here—on-chain activity nosedived 70% throughout 2025 as the Pixels gaming boom ran out of steam. The crash exposed a hard truth: the network's growth was almost entirely dependent on a single hit title. When that fizzled, there was nothing left to sustain activity, laying bare the fragility of gaming-dependent ecosystems.
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ForkLibertarianvip
· 11h ago
The castles in the air will eventually collapse.
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WalletsWatchervip
· 11h ago
Opportunities always exist in the cold winter.
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MrDecodervip
· 11h ago
Game development is much harder than Cryptocurrency Trading.
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WinterWarmthCatvip
· 11h ago
The bubble will eventually burst.
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TokenVelocityvip
· 11h ago
The gaming track has completely collapsed.
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DegenDreamervip
· 11h ago
The bubble will eventually burst.
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