Short-term price prediction is becoming a mainstream trend. Beyond just price, turning the time window itself into a product is gaining traction. Prediction markets and CEXs are extending Crypto 5min Up/Down to TradFi assets, and even shorter time windows measured in seconds. In the 5min Crypto price prediction market, Predict Fun's recent daily trading volume once approached $7 million. Over the past month, the gap between it and Polymarket has shifted from 3:7 to now being evenly split at 5:5. In terms of the number of trading addresses and transactions, Predict Fun has surpassed Polymarket in the 5min market. Looking at daily active user trends, Predict Fun seems to have attracted and converted a portion of Polymarket's short-term trading user base and funds. From a platform perspective, Predict Fun is pushing short-term price prediction to the extreme. The 5min market continues to contribute the majority of the platform's trading volume and fee revenue. At the same time, there’s an improvement in MM liquidity and relatively lower fees compared to Polymarket.