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Polymarket bags 97% of onchain prediction market fees after pricing overhaul
Polymarket has become one of decentralized finance’s most profitable protocols after a pricing overhaul, generating about $7.1 million in fees in the first week of the second quarter, according to new data.
That pace implies an annualized run rate of roughly $365 million if sustained, placing the onchain prediction platform among the industry’s top fee generators and giving it nearly all of the sector’s revenue, at 96.8% of onchain prediction market fees.
The gains follow a March 30 pricing change that pushed daily fees to around $1 million, a level that has largely held as trading activity remains elevated, data from DeFiLlama shows, and make Polymarket the eighth-largest DeFi protocol by fees, along with stablecoin issuers Circle (USDC) and Tether (USDT) and decentralized derivatives exchange Hyperliquid.
Polymarket’s ‘fee model’ overhaul triples revenue
A revamp of global prediction-market platform Polymarket’s fee model has sent related revenue surging threefold.
Cointelegraph reported on the 2nd (local time), citing data from DefiLlama, that Polymarket’s daily fees jumped from $363,000 on the 30th of last month to more than $1 million the previous day (the 1st). Cointelegraph added, “Revenue—the portion Polymarket actually takes home after paying incentives—also soared to $995,000 the previous day.”
Earlier, on the 30th of last month, Polymarket announced it would expand the application of fees beyond cryptocurrencies and sports to a range of categories including finance, politics, the economy, culture and weather. Cointelegraph said, “The surge (in fees) shows how aggressively Polymarket is moving to monetize trading activity even as it faces investigations by regulators in multiple countries such as the U.S. and Europe.”
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Polymarket Becomes Top DeFi Fee Generator After Pricing Overhaul
Home > CryptoNews > Polymarket Becomes Top DeFi Fee Generator After Pricing Overhaul
The latest data shows Polymarket entering a new phase of growth, with the platform generating $7.1 million in fees during the first week of the second quarter. The surge follows a pricing overhaul that has pushed activity higher and positioned the prediction platform among decentralized finance’s most profitable protocols.
The March 30 pricing change lifted daily fees to around $1 million, a level that has held as trading volumes remain strong. The new structure has helped Polymarket reach an implied annualized run rate of roughly $365 million if current activity continues. The platform now captures 96.8% of onchain prediction market fees, placing it among the top revenue generators in the sector and ranking it alongside major issuers such as Circle and Tether and the derivatives venue Hyperliquid.
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