Myriad Reaches $100M Trading Volume, Driving Tenfold Growth In Prediction Markets Within Three Months
Myriad, a Web3 prediction market protocol, has exceeded $100 million in USDC buying and selling quantity since its launch, producing greater than 6.3 million trades, 7.3 million transactions, and over 400,000 energetic merchants throughout the platform. This improvement displays a tenfold enhance inside a three-month interval, highlighting the protocol’s quick uptake and its intention to place prediction markets as a significant factor of decentralized finance (DeFi).
“Prediction markets are now not area of interest experiments, they’re turning into a mainstream technique to commerce concepts,” mentioned Loxley Fernandes, co-founder and CEO of Myriad in a written assertion. “In simply three months, we’ve seen 10x development in buying and selling quantity. This reveals there’s huge demand for a platform the place forecasts and insights might be traded like every other monetary asset,” he added.
“Myriad turns prediction markets right into a social layer for fact discovery,” mentioned Farokh Sarmad, co-founder and president of Myriad in a written assertion. “This creates an always-on flywheel: media protection drives consideration, consideration fuels quantity, and quantity attracts liquidity and merchants,” he added.
Myriad Strengthens DeFi Footprint With BNB Chain Launch And On-Chain Data Partnership
Last month, Myriad broadened its presence to BNB Chain with the introduction of quick Automated Markets, aiming to entry a bigger person base and additional its multichain prediction market method. The earlier week, it fashioned a partnership with the developer platform Walrus to retailer all market knowledge and media completely on-chain, establishing an immutable and verifiable document that strengthens belief, helps auditing, and creates alternatives for brand new makes use of throughout DeFi and AI.
“We’re constructing Myriad to be each the intuitive front-end expertise for on a regular basis customers and the core prediction-market infrastructure different groups depend on,” added Ilan Hazan, co-founder and COO of Myriad in a written assertion. “Our focus is on engineering the protocol layer able to making prediction markets a foundational pillar of world DeFi,” he added.
Myriad is presenting itself as a platform fitted to normal merchants in addition to a foundational protocol for extra prediction markets, extending its attain throughout BNB, Abstract, and Linea. This growth is supported by notable person adoption, elevated media consideration, and an adherence to a compliance-driven method aimed toward integrating prediction markets as a significant factor of the worldwide DeFi panorama.
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