Prediction Market Myriad Hits $100M Milestone, Growing 10x in Three Months

Prediction marketplace protocol Myriad has deed $100 cardinal successful cumulative trading measurement since its launch, demonstrating the “massive demand” for the burgeoning industry.

Trading measurement connected the level has surged 10x successful conscionable 3 months, portion its much than 400,000 progressive traders person made much than 6.3 cardinal trades and 7.3 cardinal transactions since launch.

Myriad’s accelerated maturation illustrates that prediction markets are “no longer niche experiments,” said the platform’s co-founder and CEO Loxley Fernandes, and indicates “massive request for a level wherever forecasts and insights tin beryllium traded similar immoderate different fiscal asset.”

The quality comes connected the heels of Myriad’s caller rollout connected BNB Chain, and the motorboat of Automated Markets—markets designed astir auto-resolution, abbreviated timeframes, and continuous flow, enabling users to instrumentality portion successful fast-paced prediction oregon trading environments without waiting for agelong colony cycles.

“We’re gathering Myriad to beryllium some the intuitive front-end acquisition for mundane users and the halfway prediction marketplace infrastructure different teams trust on,” said Myriad co-founder and COO Ilan Hazan. “Our absorption is connected engineering the protocol furniture susceptible of making prediction markets a foundational pillar of planetary DeFi.”

Myriad Launches connected BNB Chain, Adds Automated Markets

The prediction marketplace assemblage has seen explosive maturation successful caller months, with the likes of Polymarket and Kalshi scoring multi-billion dollar valuations pursuing high-profile integrations. Just past week, leaked screenshots appeared to amusement that crypto speech Coinbase is investigating its ain prediction marketplace integration.

Myriad is aiming to crook prediction markets into a “social furniture for information discovery,” co-founder and President Farokh Sarmad said, done adjacent integrations with genitor institution Dastan’s media platforms Decrypt and Rug Radio. He added that this strategy creates “an always-on flywheel: media sum drives attention, attraction fuels volume, and measurement attracts liquidity and traders."