# Marketplace Revenue Methodology

## 1. Overview

Revenue is measured as the portion of fees that is retained by Collector Crypt from its Marketplace product. The earnings generated from secondary sales royalties are captured by this metric before operating expenses and token incentives are deducted. Because no portion of these fees is distributed to supply-side participants, 100% of the collected Marketplace fees are classified as protocol revenue. This metric is utilized to assess the financial performance and organic economic activity of the Marketplace.

## 2. Data sources

- **Blockchain events**: SPL token transfers to the designated royalty account, covering Solana
- **External data**: End-of-day price feeds for the payment assets

## 3. Step-by-step calculation

### Component A: Marketplace royalty extraction

- **Purpose**: Capture royalty fees paid on secondary Marketplace sales
- **Logic**: SPL token transfers of USDC to the designated royalty account are filtered and extracted. Only transfers where the recipient matches the royalty account are included.
- **Key fields**: `block_timestamp`, `transaction_id`, `token_address`, `signer`, `amount`

### Component B: USD conversion and normalization

- **Purpose**: Normalize fee amounts and convert them to USD
- **Logic**: The extracted royalty amounts are normalized by decimal precision. The normalized amounts are then multiplied by the end-of-day price of the payment asset to determine the USD value.
- **Key fields**: `amount`, `price_usd`

### Component C: Revenue aggregation

- **Purpose**: Aggregate the daily revenue for the Marketplace product
- **Logic**: Because there are no supply-side participants for the Marketplace product, protocol revenue is set equal to 100% of the collected fees. The daily USD values are aggregated by day and product.
- **Key fields**: `fees`, `revenue`

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

fees * take_rate (illustrative — revenue is observed directly per project, not derived from take_rate)

Fee revenue retained after supply-side payouts. Before cost of revenue (e.g. L2 DA fees) and before operating expenses.

Revenue

NFT marketplaces

Users pay USDC to open gacha packs, each of which reveals a tokenized graded trading card. Users can sell a card back to the platform for USDC or redeem the physical card from the vault. The platform also earns royalties from marketplace trades.

Collector Crypt tokenizes graded physical trading cards, such as Pokémon, as NFTs on Solana. Cards are authenticated and held in secure vaults. The platform consists of a gacha pack experience and a secondary marketplace, and has its own CARDS token.

Collector Crypt is a Solana-based collectibles platform led by CEO Tuomas Holmberg.

Marketplace

Revenue

Revenue

Chain breakdown