The fan token market has reportedly witnessed significant development value-wise in 2021, jumping up approximately $157 million regarding the overall market capitalization since June.

Specifically, as per insights generated by high-profile fan token website FanMarketCap, the market cap of every fan token is estimated to take up just a hint above the $417 million benchmark at publication time. 

This is reportedly an almost 60.4% surge from the overall value of $260 million witnessed in mid-June this year. 

The fan token market’s daily trading volume reportedly takes up $270.2 million at publishing time.

Per FanTokenStats, a few of the most-valued fan tokens include Paris Saint-Germain (PSG) and Manchester City (CITY), rolled out by high-profile fan token provider Socios, developed upon the Chiliz blockchain infrastructure. 

Binance – the crypto exchange heavyweight of the world – has reportedly also set its foot in the fan token sphere, introducing its self-developed fan token platform in October 2021. Operating on Binance’s token launch platform Binance Launchpad, the Lazio Fan Token (LAZIO) secured a standing in the list of the most major fan tokens, with a market cap of around $51 million, per data from FanTokenStats.

Socios and Chiliz founder and CEO Alexandre Dreyfus reportedly revealed that every fan token based across Socios and Chiliz’s fan token ecosystem has sold for $250 million up to now. His prediction is for the market size of fan tokens and social tokens to expand to a maximum amount of $10 billion in the next half decade.

Fan tokens are a form of digital currency offering holders the ability to tap into a variety of fan-related membership perks, nominally voting on club decisions, merchandise designs, rewards together with different fan engagement experiences within sports clubs and music fan clubs.