The prediction market has evolved into a 'proxy war'. Behind predictfun is Binance Behind MYRIAD are WLFI and Consensus You may be unfamiliar with @ MyriadMarkets, let me explain. 1/The relationship between MYRIAD and Consensus Web3 media Decrypt was founded in 2018, initially incubated by Consensus Mesh, and split into independent operations in 2022; The Web3 podcast and creator community Rug Radio was born during the NFT bull market in 2021, founded by foreign KOL Farokh Sarmad. At the end of 2023, Decrypt and Rug Radio will merge and become part of the parent company Dastan. In September 2024, Dastan launched the prediction market MYRIAD. 2/MYRIAD and WLFI Today, MYRIAD announced that it has become the first forecasting market entirely driven by USD1. This exclusive deep binding is highly unusual. From a business logic perspective, it is not just a simple API integration, but may be accompanied by deep binding, such as WLFI possibly having invested in MYRIAD. (I guessed it, I am not responsible for this guess) From the macro perspective of WLFI, this is a core crack it has torn apart from application scenarios in the "stablecoin hegemony war". 3/The Final Battle of Stablecoins: 'Distribution is King' In today's highly homogenized underlying assets, the stablecoin market has entered a cruel stage of "channel distribution and scene capture are king". We are witnessing three completely different distribution paths: USDT (King of Sinking): Its roots are deeply rooted in the vast over-the-counter market, relying on millions of daily transfers in the market. USDT has thoroughly penetrated Latin America's anti inflation measures, global cross-border trade, and even grey and black industry settlements. This capillary level permeation is extremely robust. USDC (top-down): It follows a top-down institutional route. In order to secure the world's largest compliant deposit and withdrawal channel, Circle pays Coinbase up to $700 million to $1 billion in "tolls" annually. This is a typical strategy of spending a huge amount of money to buy out core distribution nodes. WLFI's attempt to break through: Faced with the already divided OTC and exchange channels, WLFI chooses to bet on high-frequency on chain native scenarios. MYRIAD may just be the beginning, but in the future we will witness more possibilities for WLFI.