CARDS Token Marks One Year With 22.5M Token Burn and $1.1B in Raydium DEX Volume

Collector Crypt burned 22.5M CARDS tokens on its one-year anniversary as Raydium confirmed $1.1B in cumulative DEX trading volume for the governance token.

• Collector Crypt celebrated its one-year anniversary by burning 22.5 million CARDS tokens, representing approximately 5.4% of its circulating supply, funded by accumulated protocol revenue.
• Concurrently, Raydium reported that the CARDS governance token has achieved $1.1 billion in cumulative trading volume on its decentralized exchange since its launch.
• The platform has tokenized over 130,000 physical trading cards, including sports and collectible cards, and maintains a daily active user base of 40,000.

Topics: Asset types, Scalability, Institutional adoption, Alternative assets, Growth metrics, Asset manager initiatives

Tags: #cardstoken #collectorcrypt #tokenburn #raydium #dexvolume #governancetoken #nft #tradingcards #solana #protocolrevenue

Read more

Collector Crypt fees surge 129% as Solflare integrates card-pack trading directly into wallet

• Collector Crypt experienced a 129% surge in fee revenue after integrating card-pack trading directly into the Solflare wallet, processing 215,000 pack openings and generating $3.86M in weekly fees.
• The integration streamlines the user experience by allowing pack purchases, openings, and NFT holding directly within the wallet, while a 72-hour buyback window addresses traditional market illiquidity.
• While Collector Crypt's revenue model is based on transaction fees rather than token speculation, uncertainty exists regarding the CARDS token's valuation due to a wide range in circulating supply estimates and a large total supply cap.

Topics: Asset types, Infrastructure providers, Scalability, Alternative assets, Tokenization platforms, Growth metrics

Tags: #collectorcrypt #solflare #cardpacks #nfts #solana #tokenizedcollectibles #feerevenue #liquidity #buybackwindow #cardstoken

Read more