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Fake World Assets Sees Protocol Revenue Surge to $447,604 in 4 Days, Up 12.2x Since Launch

GateNews
Project Progress
ETH-0.13%

According to DefiLlama, Fake World Assets (FWA), an Ethereum-based probabilistic NFT trading protocol, saw its daily revenue surge to $447,604 on July 25 (Korean time), up 12.2 times from its launch on July 21. The surge exceeded Collector Crypt's daily protocol revenue of $315,900 on the same day.

FWA allows users to deposit Ethereum-based NFTs into a liquidity pool, while buyers pay to randomly receive one NFT from the pool. Unlike traditional NFT trading where buyers select specific assets, FWA bundles multiple NFTs into probability-based pools to improve liquidity for less actively traded digital collectibles.

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