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The hype around Monad has faded. Looking back to the early days, developers flocked in, funding was massive, and it was positioned as the next-generation L1 public chain. Now, its market cap has dropped to about $265 million, the hype has dissipated, and community activity has significantly declined.
This has been followed by a new wave of capital and attention—how many participants have shifted to emerging gaming tokens like Burger? These projects promise a casino-like trading experience, attracting investors seeking new opportunities.
It is worth noting that although the P2E gaming sector has experienced multiple sharp corrections, projects like Burger may explore more sustainable player ownership models—this could be a key direction for the iteration of the GameFi ecosystem.