The post Polymarket surges up fee generation charts with $7M day, Tether maintains lead appeared on BitcoinEthereumNews.com.

According to data available on DeFiLlama’s fees page, which tracks fees across various DeFi protocols, there was a huge spike in fees on the Polymarket platform.  The surge in fee generation could be attributed to a rise in user activity or transaction volume on the platform. Historically, the Polymarket prediction market platform records increased engagement during high-profile events, such as elections, major sports outcomes, or significant global developments, as punters scramble to place bets or speculate on outcomes. Polymarket was the second-highest fee-generating protocol on DeFiLlama’s fees & revenue dashboard. Source: DeFiLlama Polymarket goes off in April On a monthly scale, the DefiLlama data shows that April has been Polymarket’s most profitable month in terms of fees. This is just the fifth day in the month, but the platform appears to have already amassed more than half of its all-time fees. It sounds ridiculous, but it’s true. The data appears even more interesting on the weekly and daily fee charts. The weekly data shows that there was only average activity on the platform between January and March, but that changed in April, which is still in its first week at the time of this publication. The daily fee data revealed even more. It showed that Polymarket fees did not really spike until April 3, when it recorded $7.33M. It has since maintained a value above $7M on a daily basis, reinforcing the platform’s recent spike. Polymaket may be one of the rare winners of the “Liberation Day” tariff announcements by Donald Trump on April 2, 2025. The announcement saw him unveil a sweeping tariff plan targeting goods from nearly all countries, and it sent shockwaves through the traditional financial markets. The Dow reflected this, reportedly dropping 3,700 points between April 2 and 3, while Polymarket’s recession odds jumped from 51%…

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Filed under: News - @ April 5, 2025 9:23 am