Bitcoin reached a high of 77000 today, the BTC market is looking good!

There is a popular saying in the circle now: GameFi is dead, don't touch it. Every time I hear it, I want to laugh—what do you call that GameFi? That's a garden of leeks sprouted from a PPT, and the soil hasn't even been compacted.

The truly interesting things are hidden in Dune. I looked through the on-chain data of Ronin, and Pixels accounts for nearly 70% of the daily active users across the network. Seventy percent, while the remaining dozens of games scramble for the remaining thirty percent, just like the last spoonful of tomato scrambled eggs in a university canteen, only the soup is left. What does this mean? It means that the lifeline of the Ronin chain is now tied to just one person, Luke. The day he tweets, 'We are considering cross-chain,' Ronin's blocks won't even need to be mined; it will directly be renamed to Pixel Side Chain and that's it.

You think Ronin is in a hurry? They’re set to launch zkEVM in Q2 2026, and the official line is '12x speedup, full experience.' It sounds to me like a middle-aged guy suddenly hitting the gym – not out of love for fitness, but because his health report came back.

But today, I don’t want to talk about Ronin; I want to discuss why Pixels has the audacity to be this bold.

Let me tell you about something I saw happen firsthand. At the end of 2023, Luke made a move that everyone was calling crazy – he completely scrapped his hard-earned BERRY coin that he'd been pushing for over half a year. With a dual-token model, how many projects have failed because of this? Miners ran first, and players followed in a panic. The project team said, 'We need to optimize,' while they couldn't even scrape together server renewal fees from the token unlocks. But Luke? He sunsetted BERRY and swapped in a new set of metrics called RORS: for every dollar given out in rewards, the ecosystem must earn back at least a dollar. He calculated that better than my mom does her grocery budget.

I thought he was nuts at the time, but later it clicked for me – it's like scraping off the poison. Once the bones are solid, kicking it hurts your own toes.

Then there’s Chapter 3's Bountyfall. Three factions, players going at each other, and the winners snagging the big bucks from a 50,000 PIXEL prize pool. On the surface, it’s just added some PVP fun, but what’s the essence? It’s a lightweight guild mechanism that locks your daily active users into the game – lose and want to come back? Try again tomorrow. Win and want to keep your rank? Gotta keep playing tomorrow. Plus, with deep integration with over 90 Web3 IPs from Mocaverse, Animoca is directly stuffing Mocaverse's metagame into Pixels' farmland. You think you're farming? They're building a Web3 version of Disneyland, where the entrance is a farm, and what’s being sold is social connections and cross-IP traffic.

PIXEL’s current market cap is around 20-30 million dollars, still far from the $1.02 high when it hit Binance, and the whole sector is taking hits, and it hasn’t dodged the bullets. But if you're only fixated on the price, that’s like going to the market just to look at the scale and not the veggies.

Ronin's recent move to L2 is like a technical foundation doubled for Pixels, opening up social entry points for over 90 IPs. Users come in and have a blast while assets quietly get linked on the backend. If this setup really takes off, Pixels won't just be a GameFi project – it’ll be the landlord of Web3 games, where others mine and it sells water, where others lose money and it collects toll fees.

I’m not pushing you to dive in. I just think a team that started with $200, weathered the bear market, and boldly cut its own token, now boasting 120,000 daily active users, is worth at least a second glance compared to 99% of the 'AAA blockchain game PPTs' out there.

As for Ronin's return home, is Pixels just coasting on easy street or feasting at the table too? My take is – it doesn’t care what you call it, it’s already switched tables and is dining. Meanwhile, you're still looking for chopsticks at the old table.#pixel $PIXEL @Pixels