The future of P2E is still unknown.
It can be like the crowdfunding craze before that eventually have died but we don't know if things have changed completely.
The P2E trend is falling and is no longer as interesting as before. P2E games today, the purpose is just to generate tokens and NFTs to buy and sell for profit, not real entertainment. But if in the long run, now traditional game publishers are looking to cooperate with blockchain companies to bring them together, then I believe the P2E trend will return and get stronger and stronger.
Recently, the popular game PUBG announced a partnership with Solana to build and develop games based on blockchain. I think P2E is not just a trend that will disappear forever, it will come back and continue to grow.
This is why the P2E model was flawed from the beginning, no one was playing for fun and instead all of them were playing to make money, but without people actually enjoying the game then the model was way more similar to a Ponzi scheme than anything, however if they can actually make their games interesting to the point millions of people play them for fun then it could sustain a community which plays to earn some money out of it, but until that is the case the P2E model will keep suffering in the future.