You've just said the fate of gamefi's and that's what actually has happened already. The hype has died down and this made a lot of people stopped getting into gamefi's. While the gamers are still playing but these are the gamers that typically don't care about the tokenomics of the games that they play. While the token itself is the symbol of how the game is going on, there is not that much means that there are not a lot of investors that are on it.
~snip~
This is the reason why one of the known games from the last bull run of 2021 have died. It's because that the 'investors' no longer able to capitalize the game and they're not profitable anymore. And the developers themselves keep on justifying that whosoever loves the game will continue to play and those that are playing just because they've invested will not survive. It tends out to be true that the game has slowed down and from millions of having active users daily, it has decreases a lot and nosedive to a couple of thousands left.