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After the pricing reform, Polymarket's trading fees in the first week of Q2 reached 7.1 million USD, which may account for 96.8% of the trading fee share in on-chain prediction markets

By: rootdata|2026/04/07 22:42:01
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The prediction market Polymarket collected approximately $7.1 million in trading fees in the first week of the second quarter, becoming one of the most profitable protocols in DeFi. If this pace continues, its annual trading fee revenue could reach about $365 million, potentially capturing 96.8% of the trading fee share in on-chain prediction markets.

Analysis suggests that this growth stems from the pricing reform on March 30, maintaining daily trading fee levels at around $1 million, with trading activity remaining high. According to DeFiLlama data, Polymarket's tvl-7532">total value locked (TVL) has reached $432 million, nearing the peak during the 2024 U.S. presidential election.

In terms of mainstream partnerships, the Intercontinental Exchange (ICE) completed a $600 million cash investment on March 27, as part of a larger $2 billion commitment, to distribute Polymarket's event-driven data to institutional clients. The platform also replaced the USDC.e collateral on Polygon with a brand new 1:1 USDC-backed token, Polymarket USD, as a trading collateral asset.

Despite rapid revenue growth, regulatory risks remain. Some U.S. states, as well as countries or regions like Hungary, Portugal, and Argentina, have imposed restrictions or bans on prediction markets, citing that Polymarket is viewed as an unlicensed gambling platform.

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