Data: Polymarket's transaction fee revenue reached $7.1 million in the first week of Q2 following its pricing reform.
According to Odaily Planet Daily, prediction market Polymarket earned approximately $7.1 million in transaction fees in the first week of the second quarter, making it one of the most profitable protocols in DeFi. If this growth continues, its annualized transaction fee revenue could reach approximately $365 million, potentially accounting for 96.8% of the on-chain prediction market transaction fees. Analysts believe this growth stems from the pricing reform on March 30th, after which its daily transaction fees have remained around $1 million, with consistently high trading activity. According to DeFiLlama data, Polymarket's total value locked (TVL) has surpassed $432 million, approaching the high point seen during the 2024 US presidential election. Regarding mainstream partnerships, Intercontinental Exchange (ICE) completed a $600 million cash investment on March 27th, as part of a larger $2 billion commitment, to distribute Polymarket's event-driven data to institutional clients. Despite rapid revenue growth, regulatory risks remain. Some US states, Hungary, Portugal, and Argentina, among other countries and regions, have imposed restrictions or blocked prediction markets, arguing that Polymarket is considered an unlicensed gambling platform. (Cointelegraph)