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🔥Polymarket Fee Adjustment Leads to 97% Market Share in On-Chain Prediction Markets
After fee adjustments on March 30, the prediction market platform Polymarket saw a significant increase in fee revenue. In the first week of April, the platform generated approximately $7.1 million in fees, with an annualized revenue of about $365 million, accounting for 96.8% of the total on-chain prediction market fees. Based on fee volume, Polymarket has become the eighth-largest DeFi protocol, behind leading projects like Circle (USDC), Tether (USDT), and Hyperliquid. The platform’s total value locked (TVL) exceeds $432 million, approaching …
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