Don't use traditional price-to-earnings ratios to value an ecological public chain. For XAI, the most core valuation model is "Ecological Gravity." Once the first batch of hardcore games run through a closed loop on XAI and verify the advantages of low cost and high concurrency, it will generate a huge demonstration effect. Later independent developers and small to medium-sized studios, in order to reuse the existing player base and liquidity, will instinctively choose to align with XAI. This is the Matthew Effect of the ecosystem: the strong get stronger. Investing in XAI means you're not just buying a few of its current games, but the enormous gravitational field of its future ability to absorb the entire Arbitrum gaming ecosystem's capacity.