The finale of Alice in Borderland has arrived, and viewers worldwide are eager to see how this incredible series wraps up. Expect even more intense games, violence, and danger. As this is the last season, many questions remain about the ending and how everything connects to the larger world of the show.
As usual, the story leaves many questions unanswered, and important plot points remain unclear. Throughout the series, a lot of mysteries aren’t fully explained. Now that the show has ended, fans are left to guess and analyze every small detail, trying to create a more complete understanding than what the show provided. It’s a lot of speculation and interpretation, as many viewers are left to draw their own conclusions.
Heads up: This article contains major spoilers for the entire series Alice in Borderland, covering all seasons, including the latest, season three, and its conclusion.
The Watchman
A Leader, Or Something More?

The Watchman is a particularly intriguing character in Alice in Borderland, despite only appearing briefly in the last episode. He emerges right after Banda’s execution by a laser, leading Arisu to believe he is the Joker – the mastermind controlling all the games.
It seems The Watchman isn’t a direct participant in death, but rather an observer and guide. He watches players transition between worlds and gives them the option to either return to life or embrace death. The most surprising moment occurs when he hints at a future catastrophe with significant loss of life. Whether this was simply a warning or a foreshadowing of a larger, upcoming disaster remains to be seen.
The Land Of The Dead
Is There Really Life After Death?

Ryuji is a new character introduced in season three of Alice in Borderland. He’s a professor of psychiatry who becomes fascinated with what happens during near-death experiences and the possibility of an afterlife. After hearing the survivors talk about games played in another world, he starts searching for explanations. This leads him to Banda, who challenges him to kill Usagi in exchange for the answers he desperately wants.
Ultimately, Ryuji regains his human side. Even though he nearly pulls Usagi into the nothingness with him, he decides to face his fate alone, being drawn into the vortex and, consequently, dying in the real world. It’s left ambiguous whether Banda’s proposal was just a deception or a genuine reward. If a separate world filled with death truly exists, there’s a possibility that all three realms could come together, should the proper conditions and individuals align.
The True Creator
Where Did It All Begin?

Even after watching three seasons of Alice in Borderland, I’m still completely in the dark about who-or what-is really running these games. Season two revealed that Mira was the Queen of Hearts, and she definitely had a big hand in making and controlling some of them. But the fact that even she was taken out by those lasers from the sky makes me think there’s someone-or something-even more powerful pulling the strings. It’s frustrating, but it keeps me hooked!
The third season portrays Banda as a villain similar to the Joker in the world of Borderlands. He’s a shadowy character with immense, unknown power who simply wants to cause pain and force Arisu to return to the games. However, Banda is ultimately killed by The Watchman, who, like others, offers no explanation for the origin of the games or the identity of those truly in control at the highest level.
Usagi’s Dad
Closure, But No Closer To An Answer

Throughout Alice in Borderland, Usagi frequently talks about her father and his death, revealing she’s still deeply hurt and feels guilty about what’s believed to be his suicide. Interestingly, Usagi repeatedly states that her father wouldn’t have taken his own life, even though she’s haunted by a recurring nightmare where she witnesses him falling from a cliff.
Even in the last episode, her father appears troubled, but this time he hugs his daughter and lets her come to terms with his passing. However, it’s odd that the show never explicitly confirms how he died – the reports in the papers might not be the full story. Could he have been taken to the Borderlands and killed there instead?
Connections Between Realms
Memories And Characters Alike

A central idea throughout the final season of Alice in Borderland is how the normal world and the Borderlands are linked. The show reveals that the only way to move between these two places is through death – either by naturally dying during a game, or by using a drug that allows the characters to return one last time.
There are still some mysteries surrounding memories and one character’s role in everything. It’s odd that certain characters remember specific events, suggesting a lasting connection for those who lived through them. Furthermore, Banda unexpectedly appears in the real world, only to be halted by Ann, who possesses the ability to see him. This indicates that even greater, unseen forces are manipulating events from beyond our world.
Other Borderlands
Keeping Things Open Just A Crack

The last scene of Alice in Borderland leaves viewers with a lot to think about. Much like the ending of Squid Game, the show concludes with a news report detailing earthquakes happening worldwide. A map appears, highlighting various locations ranging from Europe to the USA.
The scene then moves to an American café, briefly introducing a new character named Alice. This unsettling ending suggests a few possibilities. Primarily, it implies that there are, or have been, multiple Borderlands existing around the world, or at least several separate occurrences. Looking at it more closely, it could mirror the warning from The Watchman about more deaths to come, hinting that the impact of the Borderlands extends far beyond Japan and that these events aren’t limited to just one area.
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2025-09-30 04:05