With airdrop expectations and the introduction of a new fee structure, Polymarket ranks fifth among crypto protocols in daily revenue.
BlockBeats reported that, on April 3, according to Defillama data, prediction market Polymarket ranked fifth among crypto protocols by daily revenue, reaching 1.71 million US dollars.
Previously, BlockBeats reported that starting from March 30, Polymarket would, for the first time, impose Taker fees on nearly all trading categories. The new fee structure adopts a variable rate, with contracts related to cryptocurrencies reaching a peak rate of up to 1.8%. The actual fee will curve according to share price and market dynamics. Sports, finance, politics, culture, weather, and general categories adopt lower tiered rates, while tagged and certain economic prediction categories have higher peak rates, around 1.5%.
Additionally, Polymarket team member Mustafa gave a positive answer when responding to a community member's question about whether the platform would support using POLY tokens for fee discounts.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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