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Fake World Assets overtakes Solana card rival on Ethereum daily revenue

After a July 20 relaunch, the Ethereum NFT gacha protocol hit a $1.6 million fee day on July 25, then saw its daily revenue fall by about half as the launch surge cooled.

Reported · Written up by our desk · Altcoins

Fake World Assets, an Ethereum-based NFT gacha protocol created by a two-person team called Token Works, took the daily revenue lead from Solana’s Collector Crypt on July 25, just four days after its July 20 relaunch, according to DefiLlama data cited by The Defiant.

The protocol generated $447,604 in revenue at its peak day, with total fees paid into Fake World Assets reaching $1.6 million across about 90,000 transactions that included roughly 35,000 individual pulls, during the four days after relaunch.

In the following 24 hours, the flip partially reversed, with Collector Crypt retaking the daily lead at $270,186 in revenue versus Fake World Assets’ $167,869, while Fake World Assets remained the second-highest revenue protocol on Ethereum over the past day behind Sky.

The Defiant also noted that the post-relaunch momentum cooled, with daily fees down by about half from the July 25 peak, token emissions that reward early users set to expire 15 days after launch, and Collector Crypt’s June performance still far larger on a monthly basis. The protocol’s mechanics include depositing ETH-backed NFTs, randomized pulls powered by Chainlink VRF, and a “loss-to-earn” feature intended to compensate depositors.

Latest closeEthereum $1,924.19 ▲1.8%|Solana $74.33 ▲0.2%

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