The cross-site trading has honestly been pretty even, tbf. There's a lot of KS items available for gems that aren't really moving in the market (FR favored), but wolves are going for insane gem prices on a semi-regular basis (arguably pretty even), and it's nearly impossible to exchange gems for moonstones (HEAVILY LW favored, though that's to be expected with premium currency on a new game vs one that's been around 10 years). So it doesn't really seem to be that it's a one-way LW->FR, and more that different markets are moving in different directions.
Definitely agree that it's not going to kill FR, don't get me wrong, but I do feel that it's fair to consider it a threat in that it's a growing competitor (not in terms of like, "X game is gonna be the Y game killer!" but in terms of taking a portion of marketshare that FR had a virtual monopoly on previously). How many people bought moonstones with $$$ that would've otherwise put that into gems? Probably not a ton, but definitely more than none. A competitor doesn't have to be a lethal threat to still spur competition within a market and get market players trying to draw eyeballs back to them specifically.
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Definitely agree that it's not going to kill FR, don't get me wrong, but I do feel that it's fair to consider it a threat in that it's a growing competitor (not in terms of like, "X game is gonna be the Y game killer!" but in terms of taking a portion of marketshare that FR had a virtual monopoly on previously). How many people bought moonstones with $$$ that would've otherwise put that into gems? Probably not a ton, but definitely more than none. A competitor doesn't have to be a lethal threat to still spur competition within a market and get market players trying to draw eyeballs back to them specifically.