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.

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Collector Crypt

# Collector Crypt Revenue Methodology

## 1. Overview

Revenue measures the portion of fees that Collector Crypt retains from its operations. The net earnings generated by the protocol before operating expenses, token incentives, and cost of revenue are represented by this metric. Because no fees are distributed to supply-side participants, 100% of the generated fees are retained as protocol revenue. Revenue is generated through the Gacha and Marketplace products, representing pack sales (net of buybacks) and secondary Marketplace royalties, respectively.

## 2. Data sources

- **Blockchain events**: `Paid` and `SoldBack` events from `Gacha` contracts, SPL token transfers, and Solana account activity, covering Solana, Base, and Robinhood Chain
- **External data**: End-of-day price feeds for payment assets

## 3. Step-by-step calculation

### Component A: EVM Gacha pack sales and buybacks

- **Purpose**: Capture net pack sales for the Gacha product on EVM chains.
- **Logic**: Pack sales are identified by parsing `Paid` events from `Gacha` contracts. Only events where the payment asset is matched to the designated stable asset and the payer is not identified as a team wallet are included. Pack buybacks are identified by parsing `SoldBack` events from `Gacha` contracts where the seller is not identified as a team wallet. Net EVM Gacha revenue is calculated by subtracting buyback amounts from pack sales.
- **Key fields**: `amount`, `token_address`, `payer`, `seller`

### Component B: Solana Gacha pack sales

- **Purpose**: Capture pack sales for the Gacha product on Solana.
- **Logic**: Pack sales are identified by tracking SPL token transfers of USDC to designated Gacha program accounts. Transfers initiated by team wallets are excluded from the calculation.
- **Key fields**: `amount`, `token_address`, `to_owner_address`, `authority_address`

### Component C: Solana Gacha pack buybacks

- **Purpose**: Capture pack buybacks for the Gacha product on Solana.
- **Logic**: Pack buybacks are calculated by tracking USDC outflows from Gacha program accounts using Solana account activity. To isolate user buybacks, any direct transfers from these Gacha accounts to team wallets are subtracted from the total outflows.
- **Key fields**: `pre_token_amount`, `post_token_amount`, `amount`, `to_owner_address`, `from_address`

### Component D: Solana Marketplace royalties

- **Purpose**: Capture royalty revenue generated by the Marketplace product on Solana.
- **Logic**: Royalties are identified by tracking SPL token transfers of USDC to the designated royalty wallet.
- **Key fields**: `amount`, `token_address`, `to_owner_address`

### Component E: Net revenue aggregation and USD conversion

- **Purpose**: Aggregate all revenue streams and convert the values to USD.
- **Logic**: Net revenue is calculated by summing EVM net Gacha sales, Solana Gacha sales, and Solana Marketplace royalties, and then subtracting Solana Gacha buybacks. All asset amounts are normalized by decimal precision and multiplied by end-of-day asset prices to determine the USD value. Daily values are aggregated using UTC day boundaries.

*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.

Collector CryptCARDS

Revenue

Revenue

Competitive landscape

Chain breakdown