Polygon simply pulled off one thing nobody noticed coming. It flipped Ethereum in each day transaction charges. For the primary time ever.
On Friday alone, Polygon introduced in about $407,100 in charges. Ethereum? Round $211,700. That’s virtually double.
Exercise on Polymarket has exploded, and prediction markets are instantly turning into severe income engines.
Key Takeaways
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Polygon generated $407,100 in each day charges, surpassing Ethereum’s $211,700 for the primary time.
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Polymarket drove the surge with $15 million wagered on a single Oscars betting class.
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The platform accounted for over $1 million in generated charges on the Layer 2 community in simply seven days.
The reason being easy, Polymarket. Oscars pulled in severe retail circulation, with greater than $15 million wagered on a single class over the weekend.
Supply: DefiLlama
Polygon didn’t climb the payment charts by chance. Virtually all the latest progress got here from Polymarket exercise, which generated over $1 million in community charges in only a week.
In comparison with Polymarket, the following greatest app on Polygon barely made a dent.
Over the weekend, Polygon briefly pulled forward in each day charges earlier than the hole tightened once more, with each chains buying and selling blows inside a slim vary.
The reason being sensible. Value. Polygon transactions common round $0.0026. On Ethereum, you’re looking at roughly $1.68. In case you are putting a number of small bets or making fast strikes, that distinction issues. Loads.
Decrease charges imply extra quantity. Extra quantity means extra income. It’s that easy.
On the similar time, Ethereum is coping with its personal narrative stress after giant whale movements added volatility considerations. So whereas Ethereum stays dominant structurally, Polygon is proving that shopper pushed exercise can shift income flows rapidly.
Learn authentic story Polygon Flips Ethereum in Daily Fees as Polymarket Oscar Betting Hits $15M by Ahmed Balaha at Cryptonews.com
