Current participation in onchain gacha protocols is primarily driven by token incentives rather than genuine user demand, making retention unsustainable once rewards decline

"Dedic's skepticism centers on whether participation reflects genuine consumer interest or is mainly driven by token incentives. In the remarks cited, he characterized the activity as targeted at 'crypto degens' seeking to gamble and speculate—an important distinction because incentive-led engagement can diminish quickly once rewards decline."

"If activity drops sharply once token rewards lessen, FWAs may follow the pattern of other short-lived crypto experiments that attract bursts of attention but fail to convert them into durable user demand."