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.
