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DeFi platforms generate $11m as trading card NFTs surge
The onchain marketplaces profited from speculative trading of Pokémon, One Piece, and sports card NFTs, with combined monthly revenue of $11 million.
Decentralized finance protocols have found a profitable use case amid the collectibles boom, as onchain marketplaces that let users buy and sell NFT versions of trading cards generated $11 million in revenue last month, according to data cited from DefiLlama’s Pro dashboard.
The marketplaces have attracted trading around virtual Pokémon cards, One Piece cards, and sports card collectibles, leveraging investor speculation alongside collectible demand as these items remain popular.
According to the story, Pokémon card performance has dramatically outpaced US stocks over the long run, with the Card Ladder Index showing roughly 4,000% cumulative returns since 2004 versus the S&P 500’s 513% over the same period.
The backdrop is ongoing tight supply in physical cards, the article says, with manufacturers producing more than 10 billion cards annually but still struggling to meet demand, contributing to resales of popular packs above their suggested retail prices.
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