source avatarPhoenix Research

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Onchain TCG is becoming much bigger than what CT is currently covering. Blockworks now shows roughly $285M in gross activity over the past 30 days, while DeFiLlama already tracks 19 protocols under Physical TCG. Here’s the TCG watchlist I’m following: Full-stack/marketplace: @beezie_io, @phygitals, @collexdotfun, @TCG_Emporium More focused on gacha and pack opening: @mnstr, @NextRare_cards, @readycards, @ShinyLabs, @pulldotfun, @GEMINT, @CardzGame Some teams are pushing the model in other directions: @yourgrails combines packs, battles and a marketplace. @dyli_io is expanding beyond TCG into cards, toys and broader physical collectibles. @pump_box is bringing the TCG model to Base. @cv_chapool is combining collectibles with a broader consumer/RWA stack. @GrailCo focuses on tokenized sports collectibles. @JupiterExchange is bringing Gacha into an existing Solana distribution layer with a large user base. At first, the model was mostly about vaulting physical cards, tokenizing ownership, and letting users trade them onchain. Now the stack is expanding into gacha, marketplaces, instant liquidity, and early use cases closer to financial markets. TGC still early

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