Myriad Prediction Market Surges to $760K in Volume, Eyes Ubiquity
Myriad, a decentralized prediction market platform, has seen a remarkable surge in popularity. Initially dismissed as a 'silly game', it now boasts over $760,000 in transactional volume. The platform aims to become ubiquitous, with ambitions to embed itself 'everywhere we can', according to co-founder Farokh Sarmad.
Myriad's growth is organic, with real and highly engaged users. The platform disincentivizes bad behavior by charging fees on transactional volume. It recently hit $18.5 million in USDC trading volume with over five million trades. Myriad's content creation team is incentivized to create exciting, relevant event contracts for users. The platform is taking the 'long path' to scaling, focusing on organic growth over artificially inflated metrics.
Prediction markets are making inroads on the mainstream. Polymarket is set to relaunch in the U.S., and Robinhood is preparing to expand its offering globally. Myriad's expansion has been likened to crypto payment infrastructure firm MoonPay's growth. While the current spread of Myriad is not specifically documented, there are indications that prediction markets are present in various media and platforms, often relating to sports, politics, or economics.
Myriad's success story is one of organic growth and engagement. With over $760,000 in transactional volume and ambitions to become ubiquitous, the platform is making waves in the prediction market space. As prediction markets gain traction in the mainstream, Myriad is well-positioned to capitalize on this trend.
Read also:
- Industrial robots in China are being installed at a faster rate than in both the United States and the European Union, as the global market for these robots faces a downturn.
- NATO's Massive Naval Drill Shows Unity Against Russian Aggression
- Undeads Games Reaches $30 Million TVL and Gears Up for MMORPG Debut
- Hyundai N affirms transition to hybrid performance-centric models, initiating with Tucson N
