Myriad Hits $100M in Volume as Prediction Markets Gain Momentum in DeFi

By Aaron Watts

Prediction trading sees breakout growth with Myriad’s $100M milestone

In just three months, Myriad has crossed the $100 million mark in trading volume, driven by rapid adoption of its Web3-based prediction market protocol. Since its launch, the platform has facilitated more than 6.3 million trades, over 7.3 million transactions, and attracted 400,000 active traders — marking a tenfold increase in activity over a short period.

This sharp rise builds on Myriad’s previous $10 million milestone reported earlier this year, underscoring the protocol’s upward trajectory and broader relevance in DeFi prediction markets.

“Prediction markets are no longer niche experiments, they’re becoming a mainstream way to trade ideas. In just three months, we’ve seen 10x growth in trading volume. This shows there’s massive demand for a platform where forecasts and insights can be traded like any other financial asset.”
—Loxley Fernandes, co-founder and CEO of Myriad

Multichain expansion and full on-chain transparency

Part of Myriad’s recent momentum stems from its expansion to BNB Chain, introducing fast Automated Markets to make the experience accessible for millions of new users. The move supports the project’s broader strategy to become a multichain standard for decentralized prediction markets.

Alongside scaling efforts, Myriad has entered a new phase of data transparency. A recent collaboration with developer platform Walrus ensures that all market data and associated media are stored fully on-chain. This approach aims to create an immutable, auditable record of user activity — a critical step toward building credibility and enabling new use cases in areas like decentralized AI models and algorithmic trading.

Co-founder and President Farokh Sarmad described Myriad’s structure as “a social layer for truth discovery,” adding that the protocol benefits from a cyclical engine of media attention driving participation, which in turn boosts liquidity and volume.

Designed as infrastructure, not just a platform

Myriad is positioning itself not only as a trading destination for everyday users but also as a protocol foundation that other developers and projects can build on. This dual approach reflects the team’s vision of embedding prediction markets deeper into the decentralized financial ecosystem.

“Our focus is on engineering the protocol layer capable of making prediction markets a foundational pillar of global DeFi,” said COO Ilan Hazan. Myriad is currently active across BNB, Abstract, and Linea blockchains, with plans for further expansion guided by both technical scalability and regulatory considerations.

As the prediction market space matures, Myriad enters a competitive field alongside platforms like Polymarket, which has attracted attention not only for its market mechanics but also for its debated accuracy in forecasting. A growing number of alternative prediction protocols are now emerging, each taking different approaches to decentralization, liquidity sourcing, and user onboarding.

The bottom line

Myriad’s milestone achievement of $100 million in trading volume — accomplished in just three months — signals a growing appetite for prediction-based financial tools. By pairing rapid user adoption with a focus on trust, transparency, and developer readiness, the project is shaping a path for prediction markets to become integral to the DeFi stack.

Source:: Myriad Hits $100M in Volume as Prediction Markets Gain Momentum in DeFi