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Prediction Protocol Myriad Surpasses $100M Trading Volume, Reports 10x Growth in 3 Months

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bitcoin.com
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4 months ago
AI summarizes in 5 seconds.

Web3 prediction market protocol, Myriad, has revealed it has surpassed $100 million in cumulative USDC trading volume since its launch. In the last three months alone, the platform achieved a 10x surge in volume, highlighting the rapid adoption of the protocol and prediction markets in general.

According to a media release, Myriad’s platform’s key performance metrics highlight this explosive growth: Over 6.3 million trades were executed with more than 7.3 million total transactions, and over 400,000 active traders across the platform. The co-founders believe the milestone validates the growing maturity and demand for this emerging asset class.

“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 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.”

The latest figures represent a significant acceleration from the platform’s earlier $10 million trading volume milestone, which was achieved alongside over 5.4 million predictions and 511,000 users.

Read more: Blockchain Prediction Protocol Myriad Hits 5.4M Forecasts and 511K Users

Farokh Sarmad, co-founder and president of Myriad, emphasized the platform’s role beyond finance: “Myriad turns prediction markets into a social layer for truth discovery. This creates an always-on flywheel: media coverage drives attention, attention fuels volume, and volume attracts liquidity and traders.”

Myriad is strategically positioning itself as both an intuitive front-end experience for everyday users and the core infrastructure for other protocols. The protocol is already operational across BNB Chain, Abstract, and Linea.

Additionally, Myriad partnered with the developer platform Walrus to store all market data and media fully on-chain. This partnership ensures an immutable, verifiable record that enhances trust, enables audits, and opens up new potential applications in 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. “Our focus is on engineering the protocol layer capable of making prediction markets a foundational pillar of global DeFi.”

  • What milestone did Myriad achieve? The Web3 prediction market protocol surpassed $100M in cumulative USDC trading volume.
  • How fast is Myriad growing? Trading volume surged 10x in three months, with 6.3M trades and 400K active users.
  • Where is Myriad live today? The protocol operates across BNB Chain, Abstract, and Linea networks.
  • Why does this matter for global DeFi? Myriad is positioning prediction markets as mainstream financial assets and core DeFi infrastructure.

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