Fake World Assets, Ethereum based $NFT Gacha protocol, built by two-person team Token Works, surpassed Solana’s Collector Crypt in daily revenue on July 25, four days after its July 20 relaunch, according to data from DefiLlama.
According to DefiLlama, the protocol generated $447,604 in revenue on its peak day, July 25th. This is higher than Collector Crypt, which has averaged around $360,000 in daily revenue over the past week. The total fees paid to Fake World Assets that day amounted to $1.6 million for approximately $2,000. $ETH In the four days since reopening, volume has increased by approximately 90,000 transactions, including approximately 35,000 individual pulls.
According to DefiLlama chain rankings, the launch momentum has subsided and the reversal has been partially reversed. According to DefiLlama’s chain rankings, Collector Crypt regained the lead for the day with $270,186 in revenue over the past 24 hours, compared to Fake World Assets’ $167,869. Even with that slowdown, Fake World Assets was the second most profitable protocol on Ethereum in the past day, behind Sky’s $464,303 and ahead of Aave ($105,282), Uniswap ($76,028), Lido ($74,755), and the cryptocurrency’s $74,808. $ETH The network itself burned out during the period.
Flip shows demand for Ethereum’s gacha mechanism despite transaction costs exceeding Solana, and the roughly 35,000 purchases in four days suggests that real users are paying a premium to participate. Whether profits can be maintained is another matter. With daily fees cut in half from their peak on July 25th and the daily token emission that rewards early users expiring 15 days after launch, Collector Crypt’s June numbers are still orders of magnitude higher on a monthly basis.
Fake World Assets is being built by developers known as Adam (@Rhynotic) and Teto (@tetonotsorry), who say the project is self-funded. The name is used on the “real world asset” label affixed to Collector Crypt’s tokenized trading cards.
Top Ethereum Protocols by 24 Hour Earnings
Source: DefiLlama, July 28, 2026.
$NFT deposit
User deposit $ETHAdd -backed NFTs to the protocol, where buyers pay a fee to get a random item from a pool. The price is $ETH Back up each asset. The purchaser can keep the $NFT Or sell most of it back $ETH Backing — 85%, the rest is retained by the protocol. The randomness comes from Chainlink VRF, and the deposit pool has grown to over 1,500 NFTs, including top-of-the-line prizes, CryptoPunks.
This protocol also implements what is called a “loss-to-earn” mechanism. This means that depositors whose assets are withdrawn by other users will be compensated through token ejection and fee distribution, incentivizing them to maintain the pool’s inventory. Emissions of FWA tokens will occur daily for the first 15 days after launch, with 1% of the supply going to buyers and 1% to depositors each day.
Solana current position
Collector Crypt has been leading the on-chain gacha category since December 2024, when it launched the ability to convert certified physical Pokemon and other trading cards to NFTs on Solana.
Users spent more than $209 million on packs in June alone, roughly two-thirds of the category’s previous monthly record of $324 million, and the platform’s cumulative revenue topped $50 million in mid-June. The company’s CARDS token was listed on KuCoin on July 9th, and Solana DEX aggregator Jupiter launched a gacha product using Collector Crypt’s infrastructure on July 13th.
