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DeFi platforms pull in $11m monthly as NFT trading card craze grows
The onchain marketplaces enabling Pokémon, One Piece, and sports card trading generated $11.0 million in revenue last month, according to DefiLlama data.
DeFi platforms tied to NFT versions of trading cards have capitalized on a collectibles surge, generating $11.0 million in revenue last month, according to data from DefiLlama cited by DL News.
The article says the growth is driven by onchain marketplaces that let users buy and sell tokenized trading cards and packs, including virtual Pokémon cards, One Piece cards, and sports card formats.
DL News links the DeFi momentum to sustained trading card demand, noting that Pokémon card prices have risen sharply, with the Card Ladder Index showing roughly a 4,000% cumulative return since 2004.
It also points to supply constraints, saying more than 10 billion physical cards are produced annually but demand continues to outpace supply, while some popular packs resell for above their recommended retail prices, fueling further speculation.