The crypto world is buzzing with the latest update from DefiLlama, the go-to analytics platform for decentralized finance (DeFi). They've just started tracking RIP.FUN, a fresh take on trading card NFTs that's blending physical collectibles with blockchain tech. If you're into meme tokens or anything fun and collectible on the chain, this is worth paying attention to.

RIP.FUN isn't your average NFT marketplace. It's a phygital platform – that's physical plus digital – where users can buy packs of trading cards like Pokémon, watch them get "ripped" open on video, and then own the cards as NFTs. You can trade these digital versions seamlessly on the blockchain, and if you want, redeem them for the real physical cards. It's like bringing the thrill of opening booster packs into the crypto era, complete with marketplace trading and community vibes. Built on Base, it's part of the Onchain Summer wave, and its closed beta has already got folks hyped with giveaways and updates.

What's the Buzz from DefiLlama?

In their recent tweet, DefiLlama announced they're now monitoring RIP.FUN on their Fees & Revenue Dashboard. The chart shows some serious action: annualized fees hitting $1.08 million, with a daily spike up to $842 in the last 24 hours as of early September 2025. Cumulative fees are at $178,926, and revenue mirrors closely at $1.08 million annualized.

What does this mean? Fees in DeFi usually come from transaction costs, like trading or buying on the platform. For RIP.FUN, this likely includes marketplace trades, pack purchases, or redemption fees. The bar graph reveals a steady climb through July and August, with a massive surge in September – think of it as the platform gaining traction among collectors and traders. If you're trading meme tokens, this is similar to how hype drives volume and fees on DEXs like Uniswap.

Why This Matters for Meme Token Fans

Meme tokens thrive on community, fun, and quick flips, right? RIP.FUN taps into that same energy but with collectibles. Pokémon cards have their own meme culture – remember the Charizard hype? Now imagine that on-chain, where you can trade rare pulls without shipping hassles. Posts from the RIP.FUN team scream meme vibes: "START RIPPING MF PACKS LETS RIP" and giveaways for Evolving Skies packs to celebrate milestones like 10K followers.

This tracking by DefiLlama signals legitimacy. It's not just a niche project; it's generating real revenue in the DeFi space. For blockchain practitioners, it's a lesson in how phygital assets can bridge traditional hobbies with crypto. If you're building or investing in meme tokens, watch how RIP.FUN's model could inspire new ways to engage communities – maybe meme-themed card packs next?

Looking Ahead

With updates like multi-card trading inspired by community feedback, RIP.FUN is iterating fast. They're in closed beta, so snag an invite code if you can (check their X for giveaways). As fees climb, expect more eyes on this – perhaps integrations with other chains like Solana soon.

If you're diving into meme tokens or NFTs, platforms like RIP.FUN show how blockchain can make collecting more accessible and exciting. Stay tuned to DefiLlama for real-time updates, and who knows? Your next big pull could be just a rip away.