➥ Pokémon card marketplace getting hotter @Collector_Crypt is doing ~$9.28M protocol rev / 30D that puts it above @phantom, @Raydium, @PancakeSwap on DeFiLlama’s current 30D rev leaderboard Collector Crypt does - sells tokenized physical card packs - stores the underlying cards in insured vaults - lets users redeem them for the actual collectibles so this is literally a niche inside the broad tokenization trend, along side with tokenized stocks atm latest numbers: - $372M+ pack sales in Q3 so far - $28.18M gross protocol revenue in Q3 - $119.63M DEX volume / 30D Q3 pack sales are already around $372M, versus ~$401M for the entire Q2 yet Q3 isn’t finished after pack buybacks, CARD has still retained roughly $28M, or about 7.6% of pack sales, as gross protocol revenue by my calculation this is a completely different kind of crypto product-market fit users aren’t coming because they need leverage, yield or another token launch they’re coming for an existing offline market, and crypto handles the ownership + liquidity layer underneath it i wouldn’t compare this revenue 1:1 with pure software protocols Collector Crypt’s model includes physical inventory economics, pack sales and buyback costs, so the business has very different operational risks but i’m paying more attention to this category now