Polymarket, a prediction market platform, has reported a daily revenue of $1.71 million, placing it fifth among cryptocurrency protocols, according to DefiLlama data. This surge follows the implementation of a new fee structure on March 30, which introduced taker fees across nearly all trading categories. The fees vary, with crypto-related contracts incurring up to 1.8% and other categories like sports and finance seeing peak fees around 1.5%.
In response to community inquiries, Polymarket team member Mustafa confirmed that the platform will allow the use of POLY tokens for fee payments, offering users discounts. This development is part of Polymarket's strategy to enhance user engagement and revenue generation.
Polymarket Achieves $1.71M Daily Revenue, Ranks 5th Among Crypto Protocols
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