Tokenized trading cards just did $327M in 30 days.
$COURT (Courtyard) owns 44.5% volume → $145M traded
But only $3.1M fees (2.14% take rate)
$CRYPT (Collector) did $123M volume
But pulled $11.2M fees (9.21% take rate)
Volume ≠ Revenue.
One's optimizing for liquidity. The other's bleeding users dry.
Guess which model survives long-term? 👀
$COURT (Courtyard) owns 44.5% volume → $145M traded
But only $3.1M fees (2.14% take rate)
$CRYPT (Collector) did $123M volume
But pulled $11.2M fees (9.21% take rate)
Volume ≠ Revenue.
One's optimizing for liquidity. The other's bleeding users dry.
Guess which model survives long-term? 👀
