Prediction markets are heating up as Myriad, a Web3 protocol, announced that it has crossed $10 million in USDC trading volume. Based in the Web3 ecosystem, Myriad has already drawn more than 511,000 users.
The company’s co-founder and CEO, Loxley Fernandes, explained that Myriad is “building the rails for prediction markets to evolve beyond a niche crypto product and become an entirely new segment of DeFi.”
Growth Metrics and Market Reach
The USDC markets of Myriad opened in March 2025, followed by its Linea ethereum L2 network in July of this year. This step signified the greatest progress made towards the implementation of multichain functionalities. According to Fernandes, the protocol is proving that “trading ideas and forecasts is not only possible, it’s the next frontier for capital markets.”
Besides trading volume, Myriad’s adoption can be measured by engagement. Users have installed its browser extension over 60,000 times and made more than 5.4 million predictions. These cover categories like politics, sports, culture, and crypto, ranging from Nvidia’s valuation to unusual forecasts such as bird flights over Texas.
Furthermore, the company is focusing on consumers. Myriad is working on a B2B protocol that will improve predictive use cases for companies. Their roadmap includes the integration of EigenLayer and EigenCloud, innovative blended oracles, and the release of ERC-PRED, a new asset class based on predictions.
Why Prediction Markets Are Rising
Prediction markets have already proven their value. During the last U.S. Presidential election, they predicted outcomes with reliable accuracy than traditional polls or media experts. As a result, they have attracted people outside the DeFi community due to their dedication to openness and worldwide accessibility.
Moreover, Interactive Brokers founder Thomas Peterffy believes that prediction markets could outshine stock markets in the next 15 years. Fernandes echoed this view, comparing Myriad’s role to what Robinhood achieved for securities. “Trading ideas and forecasts is not only possible, it’s the next frontier for capital markets,” he said.
Myriad’s surge shows prediction markets evolving into a core pillar of DeFi. The next frontier may be trading opinions as easily as assets.
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