Fake World Assets Surges Past Collector Crypt in Daily Revenue

The NFT gacha protocol Fake World Assets has overtaken Solana's Collector Crypt in daily revenue, according to DefiLlama data. The Ethereum-based project generated $447,604 in revenue on July 25, its peak day, with total fees paid into the protocol reaching $1.6 million.

The two-developer team behind Fake World Assets, Token Works, relaunched their project on July 20 and quickly saw a surge in activity, pulling in nearly 35,000 individual pulls over four days. The demand for gacha mechanics on Ethereum is evident despite transaction costs exceeding those of Solana.

The revenue has cooled since the peak day, but Fake World Assets remains one of the top-generating protocols on Ethereum, behind only Sky's $464,303 in daily revenue. Collector Crypt retook the daily lead with $270,186 in revenue over the past 24 hours against Fake World Assets' $167,869.

The success of Fake World Assets raises questions about its sustainability, as daily fees have fallen by half from the peak day and token emissions that reward early users expire after 15 days. Collector Crypt's June numbers remain an order of magnitude larger on a monthly basis.