PKMN
Graded Pokémon index
Soon
…
Trade the market,
not the card.
For the first time, an entire collectibles category has one single price feed, live, on which you can take a directional bet. Priced from real on-chain sales.
A new class of RWA on Solana.
26.6Mcards graded in 2025
$2.62Bcard singles sold on eBay in 2025
$138Mon-chain collectible sales in August 2026
50,000+on-chain trades a day feeding the index
GemRate via Yahoo Sports, Jan 2026 · DefiLlama and Privy, Aug to Sep 2026. Full sources in the docs.
01 · The problem
Every card has a price. The market never did.
A PSA 10 Base Set Charizard has a price. Several, in fact, updated daily and argued over in public. Graded Pokémon has none. Neither does vintage Magic or NBA rookies. The category is where collectors think, argue and put their money, and it was the one thing nobody could take a position on.
There has never been a central registry or clearing house for this market.
ATH Labs, quoted by CoinDesk · August 2026
As a childhood hobby becomes an asset class…
Bloomberg · April 2026
Trading cards are no longer simply consumer products.
Japan Times · July 2026
02 · The first
Indexed for years. Tradable for the first time.
Binder is the first tradable index on physical collectibles, priced from on-chain sales.
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The slab. PSA grading makes a card an asset.
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Base Set. Pokémon cards reach the US. The modern market begins.
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The index. Card Ladder indexes the market. Data only.
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On-chain. A vaulted card changes hands without moving.
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Trade the index. One price for the whole category, long or short.
A world first: collectible indexes you can trade
03 · The advantage
The card market, not just for collectors.
The collector's way
- Pick the right card
- Find a seller
- Check it's real
- Pay, ship and wait
- Store and insure it
- Sell it: days to weeks
One card. Long only.
With Binder
- Pick PKMN
- Go long or short
No shipping, no storage, no counterfeits.
Every card in the index. Long or short, 24/7.
No jargon, one price
You don't need to speak collector.
Collector
- PSA 10 or CGC 10?
- Pop report
- Comps
- Centering
- Corners
- Edges
- Surface
- Raw or graded?
- Chase card
- Gem mint
- Print run
- Crack and regrade?
- Slab
Plain English
PKMNGraded Pokémon
…
04 · The indexes
The market everyone watched and nobody could trade.
The card market has been indexed since 2004: one index per category, computed from graded sales across 20+ marketplaces. Here it is, live. Until now, none of it was tradable. PKMN is the first.
PKMNPokémon graded index · … cards
…
Daily points for the last three months, weekly and monthly before · base $1.00
Past performance is not an indication of future results.
05 · The DEX
Trade the index. Long or short, 24/7.
What you trade is the category's price.
- Index
- Narrow band
- Mark price
Anchored. The mark price never leaves the band.
- Direction
- Long or short
- Go long, or for the first time short, a whole category of physical collectibles.
- Leverage
- Up to 20×: at 20×, a 2% move in the index is a 40% move on your margin.
- 5× during the beta.
- Expiry
- None. Trades 24/7.
- Risk
- The most you can lose is the margin you put on the position.
- Deposit USDC on Solana
- Pick a side and your leverage
- Settle against the index
06 · The token
Taxes deepen liquidity. Revenue buys it back and burns it.
- The protocol token, BINDER, launched on Meteora.
- Token Taxes are looped into the LP.
- Protocol Revenue burns the token.
07 · The roadmap
What comes next.
Now
The board.
Every viable index published from real sales, open methodology.
Now
The protocol token, live on Meteora.
Fees buy back and burn.
Now
Trading PKMN.
The first tradable collectible index, live on Solana.
Later
One place to trade every collectible.
A real futures market, with multiple TCG categories.