Fake World Assets surpasses Aave and Uniswap with daily revenue in just four days after launch, briefly ranking second on Ethereum

ChainCatcher news, according to DefiLlama data, Fake World Assets, an on-chain random NFT acquisition protocol on Ethereum developed by the two-person team Token Works, surpassed Collector Crypt on Solana in daily income within four days after relaunching on July 20.

On July 25, its peak daily income reached $447,604, with total fees of $1.6 million. Approximately 90,000 transactions occurred during these four days, including about 35,000 draws, with a transaction volume of about 2,000 ETH. Activity declined afterward, and in the past 24 hours, income dropped to $167,869, ranking second in daily Ethereum protocol income, behind only Sky ($464,303) and ahead of Aave ($105,282) and Uniswap ($76,028).

In this protocol, depositors list NFTs together with their pledged ETH as collateral (similar to a Uniswap V2 trading pair). The collateral determines each NFT's weight and provides depositors with an irrevocable, continuous bid to re-acquire the NFT. Anyone can pay the acquisition price generated by the liquidity pool to obtain a randomly selected NFT.

Over 1,500 NFTs have already accumulated in the pool, including CryptoPunks, with randomness provided by Chainlink VRF. The token emission incentive expires 15 days after launch, and daily fees have fallen by about half from the peak. Collector Crypt on Solana remains a leader in this sector, with users spending over $209 million on its card packs in June alone.