Fake World Assets Surpasses Solana in Daily Revenue
Prefer us on Google
Fake World Assets, an Ethereum-based NFT gacha protocol by Token Works, generated 447604 dollars in revenue on July 25, surpassing Solana's Collector Crypt. The protocol's total fees reached 1.6 million dollars with about 2000 ETH in volume across 90000 transactions since its July 20 relaunch. However, Collector Crypt regained the lead with 270186 dollars in revenue against Fake World Assets' 167869 dollars in the past 24 hours. Despite this, Fake World Assets remains the second-highest revenue-generating protocol on Ethereum, only behind Sky's 464303 dollars. The demand for gacha mechanics persists despite higher transaction costs compared to Solana. Users deposit ETH-backed NFTs to pull randomized items, with prices fluctuating based on ETH backing. The protocol features a 'loss-to-earn' mechanism, compensating depositors whose assets are pulled by others. FWA token emissions occur daily for the first 15 days post-launch, distributing 1% of supply to purchasers and depositors.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
Current Top Cryptocurrencies: The Second Ten Digital Assets Changing the Market
Fake World Assets Opens Its Gacha Pool to New NFT Collections
Will AI Suddenly 'Evolve'? Paradigm Uses a Game to Tell You the Answer
Exodus Reports $18.6 Million Net Loss in Q2, Monthly Active Users Down 6.7%
Blockchain Capital Partners Discuss: The Next Bull Market May Be Just Around the Corner
Sky Reports $10.735 Million in Q2 Revenue, Collateral Decreases in July
$67 Million in Forgotten Cryptos: How to Claim Them Without Getting Scammed
UEFA Dismisses Gianni Infantino's Apology Request and Maintains Its Stance Ahead of Elections
How cross-chain bridges work and why $4 billion has been stolen from them
Sky Protocol Achieves Remarkable Milestone with Annual Revenue Approaching $419 Million! Demand for USDS Boosts DeFi Earnings!
Important: MakerDAO Adjusts Governance During Transition to Sky! Fine-Tuning Continues Towards Endgame
Stablecoin Development Corporation reports $2.2M staking revenue, $50.6M unrealized loss
NBU Updates Inspection Plan for 2026, Adds KD Bank
How long will it rain in Buenos Aires and what will the weather be like during the week
What is a DAO? Decentralized governance explained
Return of Rain to the AMBA on Friday with Heavy Storms
Sam Altman's Latest Interview: What Mindset and Judgment Should We Have in the Face of Exponential Change?
Aave Reviews sGHO Cross-Chain Expansion Proposal
Sky Protocol Revenue Nears $419M Annualized As USDS Demand Supports DeFi Income
MakerDAO Executes Sky Governance Changes As Endgame Transition Continues
USDT Holds Steady, USDS Plummets, the Stablecoin Market Changes Face
Sky Protocol Revenue Exceeds Ethena by Approximately 19 Times
From Limit Up to Limit Down: Is Quantitative Trading to Blame?
Hearing Held for Qian Zhimin's 60,000 BTC Case as Blue Sky Ge Rui Joins Rights Dispute
Sky Protocol Annualized Total Revenue Run Rate Reaches $419 Million, Setting a New Record
Uniswap Integrates Sky LitePSM Stablecoin Exchange Module
Trump: Early investment is key, the stock market will "soar to the sky"
Data: ParaFi Capital continues to increase its holdings of 56 million SKY, with a total position loss of 1.72 million USD
Framework Ventures led a $60 million financing round for Mecka AI and holds major positions in Hyperliquid, Plasma, and Sky
Why do cryptocurrency projects always like to change their names?
Current Top Cryptocurrencies: The Second Ten Digital Assets Changing the Market
Fake World Assets Opens Its Gacha Pool to New NFT Collections
Will AI Suddenly 'Evolve'? Paradigm Uses a Game to Tell You the Answer
Exodus Reports $18.6 Million Net Loss in Q2, Monthly Active Users Down 6.7%
Blockchain Capital Partners Discuss: The Next Bull Market May Be Just Around the Corner
Sky Reports $10.735 Million in Q2 Revenue, Collateral Decreases in July
Contents
Latest articles
Latest coin listings on WEEX
