In the fast-paced world of digital assets and collectibles, fees are a hot topic. Crypto enthusiasts often debate the costs associated with trading platforms, but a recent clip from streamer Threadguy puts things into perspective. Shared by @CryptoMikli on X, the video features Threadguy breaking down the "extractive" nature of the trading card space compared to crypto apps.

Threadguy, a prominent figure in the Web3 community building projects like Counterparty TV and affiliated with Monad and Phantom, didn't hold back. He pointed out how crypto users complain about minimal fees on platforms like Axiom Exchange (1%) and Bags App (2%), while eBay slugs sellers and buyers with 10-15% cuts on every transaction—both ways. "That should be illegal, that's disgusting," he said.

You can catch the eye-opening clip here.

This comparison resonates deeply in the meme token ecosystem, where low barriers to entry and quick trades are key. Meme coins, much like trading cards, rely on community hype and scarcity, but blockchain tech slashes the middleman costs that plague traditional markets.

What Are Axiom and Bags?

For the uninitiated, Axiom Exchange is a decentralized finance (DeFi) platform that lets you trade memecoins, perpetuals, and earn yield—all with super low fees. It's backed by Y Combinator and has hit impressive milestones like $10M in monthly recurring revenue. Think of it as your go-to for spotting 100x tokens without getting nickel-and-dimed.

Bags App, on the other hand, is a fun, mobile-first app tailored for meme coin traders. It helps you discover trending coins, trade with friends, and manage your portfolio in one spot. Founded by veterans in consumer social and NFT tech, it's positioned to become a viral hit in crypto finance.

Both platforms exemplify how blockchain is revolutionizing trading, making it more accessible and less extractive than legacy systems like eBay.

The Bigger Picture for Meme Tokens

Trading cards—whether Pokemon, Magic: The Gathering, or sports memorabilia—mirror meme tokens in many ways. They're collectible, speculative, and community-driven. But the fees on eBay can eat into profits big time, especially for flippers moving high volumes.

In contrast, crypto's decentralized nature keeps fees low, allowing more value to flow back to users. This is crucial for meme token practitioners who thrive on rapid market movements. As Threadguy's clip suggests, the outrage over crypto fees seems misplaced when stacked against traditional alternatives.

If you're diving into meme tokens, tools like Axiom and Bags could give you an edge. Explore Axiom at axiom.trade or grab the Bags App from bags.fm.

Threadguy's insights remind us why blockchain is disruptive: it puts power (and profits) back in the hands of the community. Stay tuned for more clips and updates in the ever-evolving world of meme coins.