autorenew
DeFiLlama Starts Tracking Phygitals: Solana's Game-Changing Marketplace for Digitized Collectibles

DeFiLlama Starts Tracking Phygitals: Solana's Game-Changing Marketplace for Digitized Collectibles

If you're into blockchain and collectibles, you've probably heard the buzz around phygitals—those hybrid assets that blend the physical world with digital ownership. Recently, DeFiLlama, the go-to platform for transparent DeFi analytics, announced they're now tracking Phygitals on their Fees & Revenue Dashboard. This move highlights Phygitals' growing role in the Solana ecosystem, especially for traders eyeing digitized versions of vaulted collectible cards.

Phygitals is essentially a marketplace on Solana where you can buy, sell, and trade digital representations of physical collectibles without dealing with shipping or storage hassles. Think of it as NFTs meets real-world trading cards: the physical items are securely vaulted, while you handle everything digitally, complete with built-in royalties and portfolio tracking. This setup makes collecting more social, gamified, and accessible, as noted in their Magic Eden launchpad page.

The announcement came via a tweet from DeFiLlama, spotlighting Phygitals' impressive metrics. According to the dashboard snapshot, Phygitals boasts annualized fees of $2.77 million, with 24-hour fees hitting $137,867 and cumulative fees at $227,133. Revenue mirrors the fees at an annualized $2.77 million, though holders' revenue is minimal at $8 annualized. It's a clear sign that activity is ramping up on this platform.

DeFiLlama dashboard showing Phygitals fees and revenue metrics

For those new to the term, phygitals (short for physical-digital) are assets that tie a digital token to a real-world item. In Phygitals' case, it's focused on collectible cards, but the concept has huge potential for meme tokens and culture. Imagine meme-inspired trading cards or collectibles that go viral on Solana, leveraging low fees and fast transactions. Platforms like this could supercharge meme token ecosystems by adding tangible value through digitized memorabilia.

The tweet sparked some community reactions too. One user, @bogeveryone, chimed in with "start tracking the bog beam activity," possibly hinting at niche meme or beam-related trends on Solana, accompanied by a quirky image.

Community response image from @bogeveryone on Bog Beam activity

Another reply from @credilabs raised questions about sustainability and transparency, which is spot-on for any emerging DeFi project. And while there was a bit of spam, it shows the tweet is gaining visibility.

Why does this matter for meme token enthusiasts? Solana has been a hotbed for meme coins, thanks to its speed and low costs. Phygitals could open doors for meme-themed phygital drops, where viral internet culture meets collectible trading. Keep an eye on DappRadar for live stats or join their Discord to stay in the loop.

As blockchain evolves, tools like DeFiLlama help us track real value creation. If you're building or investing in meme tokens, understanding platforms like Phygitals could give you an edge in the next wave of digital collectibles. What do you think—will phygitals become the new meme meta? Drop your thoughts in the comments!

You might be interested