Prediction markets are gaining popularity, and Myriad, a Web3 protocol, reports achieving $10 million in trading volume. The protocol has attracted over 511,000 users and is actively developing predictive functionality.
Growth Metrics and Market Reach
Myriad's USDC markets were launched in March 2025, followed by its Linea Ethereum L2 network in July of this year. Co-founder and CEO Loxley Fernandes noted that the protocol proves that "trading ideas and forecasts is not only possible, it's the next frontier for capital markets." Myriad users have installed its browser extension over 60,000 times and made more than 5.4 million predictions covering topics like politics, sports, culture, and crypto.
Why Prediction Markets Are Rising
Prediction markets have already proven their value. During the last U.S. Presidential election, they "predicted outcomes with more reliable accuracy than traditional polls or media experts." This has attracted attention from people outside the DeFi community due to their transparency and accessibility. Loxley Fernandes likened Myriad's role to what Robinhood achieved for securities, stating that "trading ideas and forecasts is the next frontier for capital markets."
The Future of Prediction Markets and DeFi
With the growing popularity of prediction markets, they are poised to become a core element of DeFi. Myriad plans to develop a B2B protocol to improve predictive use cases for companies, including the integration of EigenLayer and EigenCloud, as well as the release of a new asset class, ERC-PRED, based on predictions.
Myriad's success illustrates that prediction markets are becoming an integral part of the financial ecosystem. In the future, trading opinions may become as easy as trading assets.
