After experiencing multiple peak cycles, the GameFi sector faced a cliff-like cooling in 2025. Data shows that the total financing scale for GameFi dropped by approximately 55% year-on-year, with many projects forced to shut down due to funding shortages and incentive failures. This change not only exposes the structural flaws of the traditional GameFi token model but also drives the industry toward a Web 2.5 gaming model centered on profitability. According to a Delphi Digital report, GameFi financing was still at 147 million USD in the first quarter, but rapidly declined to 73 million USD in the second quarter. After a brief rebound in the third quarter, it nearly stagnated by the end of the year. CoinGecko data indicates that the total market cap of gaming tokens is about 6.1 billion USD, generally retracing 70% to 95% from its peak. Among them, GALA, Axie Infinity (AXS), and Enjin (ENJ) have all fallen more than 80% year-to-date.

According to Gate News Bot on December 9, citing CoinMarketCap data, as of press time, ENJ (Enjin Coin) is trading at $0.04, up 7.44% in 24 hours, reaching a high of $0.04 and a low of $0.03. The current market capitalization is approximately $67.77 million, an increase of $4.68 million from yesterday, ranking 357th globally. Enjin is a unified platform for blockchain, wallet, NFT marketplace, and API solutions. Its core products include: Enjin Blockchain (a blockchain optimized for NFTs and gaming applications, supporting over 5,000 transactions per second, 6-second transaction times, and an average transaction fee of $0.0008), Enjin Platform & API (providing scalable Web3 development tools for mass-market applications), and Enjin Wallet.