Myriad Charts More Milestones After Seeing Its Prediction Market Surpass $10M in Trading Volume
The post Myriad Charts More Milestones After Seeing Its Prediction Market Surpass $10M in Trading Volume appeared on BitcoinEthereumNews.com. Prediction market Myriad is on a roll, having revealed that it’s just surpassed $10M in USDC trading volume. That’s good going for the DeFi protocol, whose more than 500,000 users have placed a total of 5.4M predictions to date. It’s further proof that prediction markets are fast becoming a cornerstone of DeFi, occupying a niche somewhere between trading and gaming. Unlike conventional DeFi protocols such as DEXs, Myriad takes a fun approach to crypto markets, enabling users to venture on their future price movements and to earn a share of the rewards pool for making correct calls. But it’s not just crypto markets that Myriad users can participate in: its framework is equally suited to placing predictions on real-world events ranging from politics to sport. As a result, Myriad has attracted a diverse user base, all seeking to leverage their expertise within specific spheres to accurately cast predictions. Gamifying the Future Myriad has essentially gamified the future, be it that of crypto or of the global economy. Everyone has an opinion on the topics that are dearest to their heart, and Myriad enables them to put a price on that opinion and then see whether it aligns with the sentiment of other users. Popular markets that are live on Myriad right now include one venturing whether BTC will hit $125K or $105K next, with $175,000 of USDC having been ventured on the outcome. Myriad users are also predicting whether President Trump will visit China in 2025; the start of the U.S. football season; and the price of a dozen eggs. These eclectic markets show the many ways in which Myriad can be used to gain an insight into global economic affairs, whose macro movements feed into the price of crypto assets and the cost of food. The clean yet colorful…
The post Myriad Charts More Milestones After Seeing Its Prediction Market Surpass $10M in Trading Volume appeared on BitcoinEthereumNews.com.
Prediction market Myriad is on a roll, having revealed that it’s just surpassed $10M in USDC trading volume. That’s good going for the DeFi protocol, whose more than 500,000 users have placed a total of 5.4M predictions to date. It’s further proof that prediction markets are fast becoming a cornerstone of DeFi, occupying a niche somewhere between trading and gaming. Unlike conventional DeFi protocols such as DEXs, Myriad takes a fun approach to crypto markets, enabling users to venture on their future price movements and to earn a share of the rewards pool for making correct calls. But it’s not just crypto markets that Myriad users can participate in: its framework is equally suited to placing predictions on real-world events ranging from politics to sport. As a result, Myriad has attracted a diverse user base, all seeking to leverage their expertise within specific spheres to accurately cast predictions. Gamifying the Future Myriad has essentially gamified the future, be it that of crypto or of the global economy. Everyone has an opinion on the topics that are dearest to their heart, and Myriad enables them to put a price on that opinion and then see whether it aligns with the sentiment of other users. Popular markets that are live on Myriad right now include one venturing whether BTC will hit $125K or $105K next, with $175,000 of USDC having been ventured on the outcome. Myriad users are also predicting whether President Trump will visit China in 2025; the start of the U.S. football season; and the price of a dozen eggs. These eclectic markets show the many ways in which Myriad can be used to gain an insight into global economic affairs, whose macro movements feed into the price of crypto assets and the cost of food. The clean yet colorful…
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