New Fee Structure Drives Significant Impact, Propelling Polymarket to 7th in Daily Revenue among Crypto Protocols

BlockBeats News, April 1st, according to Defillama data, the prediction market Polymarket ranked seventh in daily revenue among DeFi protocols, reaching $550,000.

BlockBeats previously reported that starting from March 30th, Polymarket began to impose Taker fees for almost all trading categories for the first time. The new fee structure uses a variable fee rate, with the peak fee rate for crypto-related contracts reaching as high as 1.8%, and the actual fee will change in a curved manner based on share price and market dynamics. Sports, Finance, Politics, Culture, Weather, and General categories adopt lower tiered fee rates, while the peak rates for Mention and certain Economic Prediction categories are higher, at around 1.5%.