The onchain cards category basically comes down to two projects. If we look at the @ax1vc dashboard, we see two clear category leaders: → Courtyard: 53.7% → Collector Crypt: 37.4% → Everyone else: 8.9% It's pretty interesting that the project without crypto-native mechanics is winning. You'd expect the project with packs, buybacks, and a token to dominate a crypto-native category, but it doesn't. Courtyard's volume is mostly NFT resales of vaulted graded cards. Collector Crypt's volume is split between gacha spend and $CARDS token trading, with buybacks recycling capital back through the gacha loop. Most of the volume here is real collector behavior, not pack-flipping.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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