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Onchain gacha spending hits record $324 million in June

Users spent $324 million on onchain gacha in June, even as Bitcoin slid more than 20% to a 21-month low.

Reported · Written up by our desk · Market Structure

Cointelegraph reports that onchain gacha spending reached a record $324 million in June, according to Blockworks Research, despite broader crypto weakness during the month.

The article says Bitcoin fell more than 20%, hitting a 21-month low, and spot Bitcoin ETFs saw a record $4.5 billion in outflows, underscoring the contrast between declining prices and continued consumer activity.

It frames onchain gacha as a randomized “gacha” mechanism akin to booster packs for trading card games, where users pay a fixed amount for a random outcome, and it notes that collectibles can vary widely in value based on factors like rarity, print run, and condition.

The piece also points to the collectibles market’s need for authenticity and condition checks, citing card grading practices and the role of grading companies such as PSA, Beckett, and CGC.

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