Polymarket has significantly boosted Polygon's protocol transaction fee revenue, generating over $1.7 million since the start of the year. This surge is attributed to Polymarket's introduction of fees for its 15-minute prediction markets. Consequently, more than 12.5 million POL tokens, valued at over $1.5 million, have been burned.
In the last 24 hours alone, Polymarket contributed over $100,000 in transaction fees to Polygon, underscoring its impact on the network's financial ecosystem. The move to charge fees has not only increased revenue but also enhanced the deflationary pressure on POL tokens through burning.
Polymarket Drives Over $1.7M in Polygon Fee Revenue, Burns 12.5M POL Tokens
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