Polymarket Enters Top 5 Cryptocurrency Protocols by Revenue Last Week

BlockBeats News, April 13th, according to Defillama data, the prediction market Polymarket ranked fifth in protocol revenue in the past week, reaching $6.16 million.

BlockBeats previously reported that starting from March 30th, Polymarket began charging Taker fees for almost all trading categories for the first time. The new fee structure uses a variable fee rate, with the peak rate for cryptocurrency-related contracts reaching as high as 1.8%, and actual fees will vary along a curve based on token price and market dynamics. Sports, Finance, Politics, Culture, Weather, and General categories have lower tiered rates, while Mentioned and certain Economic categories have higher peak rates, around 1.5%.