The Web3 prediction market protocol Myriad has surpassed $100 million in USDC trading volume, marking a tenfold growth in just three months and signaling strong momentum for the prediction market sector.
Key Takeaways
- Myriad has recorded over $100 million in cumulative trading volume, with more than 6.3 million trades, 7.3 million transactions, and over 400,000 active traders since launch.
- Growth of roughly 10 times in three months underscores rising demand for platforms where forecasts and insights can be traded as assets.
- The protocol has recently expanded to the BNB Chain and launched Automated Markets, while entering a data storage partnership with Walrus to keep market data fully on-chain.
- The performance draws attention to the broader prediction market sector, which analysts expect to grow significantly in the coming years.
What Happened?
Launched in early 2025, the prediction market protocol Myriad has quietly achieved a major industry milestone. Within three months, it reached $100 million in cumulative trading volume, a tenfold jump in that short timeframe. Platform usage numbers are equally strong: millions of trades and transactions, and hundreds of thousands of users actively engaging in markets.
At the same time, the protocol has rolled out new infrastructure such as Automated Markets (short timeframe, fast-settling markets) and expanded to the BNB Chain. It also struck a partnership with Walrus to store market data fully on-chain, enhancing transparency and auditability.
MYRIAD hits $100M milestone, growing 10x in three months! pic.twitter.com/Tk9fgL7NT3
— MYRIAD (@MyriadMarkets) November 24, 2025
Rapid Growth and Platform Metrics
Myriad’s metrics show the strength of its execution: over 6.3 million trades, more than 7.3 million transactions, and 400,000+ active traders on its platform. According to co-founder and CEO Loxley Fernandes:
Co-founder and president Farokh Sarmad described the platform’s model as a “social layer for truth discovery”, where media coverage creates attention, volume follows, and liquidity and traders follow the volume.
On the infrastructure side, co-founder and COO Ilan Hazan noted the focus is on building both for everyday users and as a core protocol infrastructure that other teams can adopt.
Strategic Expansion and Infrastructure Moves
The expansion to the BNB Chain provides Myriad access to a wider user base and a lower-cost settlement environment. This is a strategic move, given that prediction markets often require many small bets and short time horizons.
The launch of Automated Markets also supports this approach by offering fast-settling markets instead of long resolutions. Furthermore, the partnership with Walrus means all market data and media are fully stored on-chain, creating an immutable, verifiable record. Hazan noted this is key for trust, auditability, and it opens new applications in DeFi and AI.
Outlook for Prediction Markets
According to a TokenMetrics report, the prediction market sector is projected to reach nearly $95 billion by 2035, driven by DeFi integrations, AI, and increasing mainstream interest. A HashKey Capital report from September 2025 noted that prediction markets had gained renewed attention, and that Myriad alone reported $4.23 million in trading volume for that month while pushing toward protocol-level integrations.
These signs point to a future where prediction markets shift from niche tools to essential elements in decentralized finance.
CoinLaw’s Takeaway
In my experience tracking Web3 protocols, this kind of growth, ten times in just three months is rare and worth paying attention to. What stands out to me is that Myriad is positioning itself as both a consumer platform and core DeFi infrastructure.
I found their moves from on-chain data storage to multichain expansion to be more than hype. They are building serious protocol architecture. If forecast-based markets continue to grow and gain trust, I truly believe prediction markets could become a core layer in the DeFi stack. I’ll be keeping an eye on how they evolve, especially around regulatory clarity, liquidity growth, and mainstream adoption.
