Pokemon TCG RWA on Solana has been quietly gaining traction, having done over $6.4M in revenue and $95M in total volume so far, despite being a relatively new sector onchain. @Collector_Crypt, one of the earliest players remains the frontrunner, averaging over $1.2M/month in gross revenue (net of buybacks). Most of this revenue comes from Gacha where $49.5M+ has been spent by 3004 unique wallets on Collector Crypt, averaging $16.5k/user. Gacha is the main revenue driver across the board with over $50M spent across the sector. Newer entrants like @TCG_Emporium and @Phygitals have already generated $163k and $665k respectively just from gacha spending alone, showing strong stickiness and spend despite much smaller user base for the TCG RWA sector. These gacha systems are akin to IRL oripas (gambling blind box), offering instant buyback based on 80 – 85% of card value , speeding up the gambling loop. Platforms also offer attractive chases (e.g Collector Crypt has ponchos as chase for gacha), further boosting the engagement. The secondary marketplace activity is growing too and while it is still smaller than gacha, it has recorded marketplace volumes totalling up to $440k as a sector. Emporium recorded a $11.3k top sales for Mario Pikachu card and a top sales of $9.3k was also recorded on Collector Crypt for a Poncho Pikachu card recently. While relatively new, tokenization of TCG like Pokemon seems to see a PMF emerging, with high user spending despite low DAU. Perhaps it could help to solve existing problems on the Web2 front – fragmented liquidity, fraud in IRL oripas/rip & ship or high marketplace fees (eg eBay) and can unlock more offerings onchain with instant accessibilty. The numbers seen here is just a small slice of the broader TCG market, and perhaps there could be more room to scale and onboard more users. Is there any token for any of the 3? Not at the moment, but the closest will be Collector Crypt which will be launched on Metaplex Genesis launchpad soon. Will be interesting to see how this sector will play out eventually. For more information on the numbers of Collector Crypt, Phygitals and Emporium, check out the Dune dashboard I created here: