- Prediction market platform Myriad has reached $100 million in cumulative trading volume since its launch.
- Trading volume increased tenfold in the last three months, with over 400,000 active traders executing more than 6.3 million trades and 7.3 million transactions.
- The platform recently launched on BNB Chain and introduced Automated Markets for faster, auto-resolving trading experiences.
- Myriad aims to integrate prediction markets into decentralized finance (DeFi) infrastructure and foster truth discovery through media partnerships.
- The prediction market sector is rapidly expanding, with major players attracting significant valuations and new entrants exploring integrations.
Prediction market protocol Myriad has achieved $100 million in total trading volume since its inception, reflecting substantial demand for prediction markets. The platform’s volume surged tenfold over three months, supported by over 400,000 active traders who have completed more than 6.3 million trades and 7.3 million transactions to date.
The growth corresponds with Myriad’s recent deployment on BNB Chain and the launch of Automated Markets. These offer auto-resolution and short timeframes, enabling rapid participation without waiting for lengthy settlements. Automated Markets are designed to provide a continuous flow environment for prediction and trading activities.
Myriad co-founder and CEO Loxley Fernandes noted that prediction markets are evolving beyond niche experiments and meet strong demand for platforms where forecasts can be traded like financial assets, as stated on the Myriad site. Co-founder and COO Ilan Hazan emphasized the protocol’s role in enabling prediction markets to become foundational within global decentralized finance (DeFi).
The platform seeks to create a social component for truth discovery through integration with its parent company Dastan’s media outlets, including Decrypt and Rug Radio. Co-founder and President Farokh Sarmad described this approach as generating a cycle where media coverage increases attention, which drives volume and attracts liquidity.
The prediction market industry has seen rapid expansion recently. Platforms such as Polymarket and Kalshi have attained multi-billion dollar valuations. Furthermore, reports suggest crypto exchange Coinbase is testing its own prediction market integration, indicating growing mainstream interest in this sector.
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