Polymarket Captures 97% of On-Chain Prediction Market Fees After Adjustment

AirdropBlackHole · 2026-04-08T01:18:54+00:00

Polymarket saw a surge in fee revenue after a March fee adjustment, generating $7.1 million in early April and nearing $432 million in total value locked. The platform, now the eighth largest DeFi protocol, received a $600 million investment from ICE to enhance its infrastructure.

AirdropBlackHole

2026-04-08 01:18:54

Abstract generation in progress

On April 7, the prediction market platform Polymarket reported a significant increase in fee revenue following a fee adjustment on March 30. In the first week of April, the platform generated approximately $7.1 million in fees, with an annualized revenue of about $365 million, accounting for 96.8% of the total fees in the on-chain prediction market. In terms of fees, Polymarket has become the eighth largest DeFi protocol, following leading projects such as Circle (USDC), Tether (USDT), and Hyperliquid. The platform’s total value locked (TVL) has exceeded $432 million, nearing its historical peak of approximately $510 million during the U.S. elections in November 2024. In terms of infrastructure, Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, completed a $600 million cash investment in Polymarket on March 27 as part of its $2 billion commitment, which will distribute event-driven data from the platform to institutional clients. Additionally, Polymarket announced the replacement of the bridged USDC.e collateral on Polygon with a new 1:1 USDC-backed token called ‘Polymarket USD’.

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