Myriad Reaches $100M Trading Volume, Driving Tenfold Growth In Prediction Markets Within Three Months
In Brief
Myriad has surpassed $100M in USDC trading volume with 10x growth in three months, attracting over 400,000 traders while expanding to BNB Chain, partnering with Walrus and more.
Myriad, a Web3 prediction market protocol, has exceeded $100 million in USDC trading volume since its launch, generating more than 6.3 million trades, 7.3 million transactions, and over 400,000 active traders across the platform. This development reflects a tenfold increase within a three-month period, highlighting the protocol’s fast uptake and its intention to position prediction markets as a significant component of decentralized finance (DeFi).
“Prediction markets are no longer niche experiments, they’re becoming a mainstream way to trade ideas,” said Loxley Fernandes, co-founder and CEO of Myriad in a written statement. “In just three months, we’ve seen 10x growth in trading volume. This shows there’s massive demand for a platform where forecasts and insights can be traded like any other financial asset,” he added.
“Myriad turns prediction markets into a social layer for truth discovery,” said Farokh Sarmad, co-founder and president of Myriad in a written statement. “This creates an always-on flywheel: media coverage drives attention, attention fuels volume, and volume attracts liquidity and traders,” 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 fast Automated Markets, aiming to access a larger user base and further its multichain prediction market approach. The previous week, it formed a partnership with the developer platform Walrus to store all market data and media entirely on-chain, establishing an immutable and verifiable record that strengthens trust, supports auditing, and creates opportunities for new uses across DeFi and AI.
“We’re building Myriad to be both the intuitive front-end experience for everyday users and the core prediction-market infrastructure other teams rely on,” added Ilan Hazan, co-founder and COO of Myriad in a written statement. “Our focus is on engineering the protocol layer capable of making prediction markets a foundational pillar of global DeFi,” he added.
Myriad is presenting itself as a platform suited for general traders as well as a foundational protocol for additional prediction markets, extending its reach across BNB, Abstract, and Linea. This expansion is supported by notable user adoption, increased media attention, and an adherence to a compliance-driven approach aimed at integrating prediction markets as a significant component of the global DeFi landscape.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
