Decentralized Finance (DeFi) Prediction Market's Total Value Locked (TVL) Surges to a Record $148M, Propelled by Polymarket

Decentralized Finance (DeFi) Prediction Market's Total Value Locked (TVL) Surges to a Record $148M, Propelled by Polymarket

In the ever-evolving world of decentralized finance (DeFi), a new player is making waves - MYRIAD. Announced by Decrypt on September 9, this innovative platform is set to redefine the on-chain prediction market and digital media ecosystem.

Launched on the Abstract blockchain in January 2025, MYRIAD has rapidly gained traction. In its first month alone, it accounted for 26.1% of Polymarket's wallet count, with over 415,000 new wallet signups, 1.2 million predictions made, and more than $2 million traded in USDC stablecoins[1]. The platform's success is further underscored by its current total value locked (TVL) of $148 million[2].

MYRIAD stands out by integrating prediction markets directly into digital content such as Decrypt articles and Rug Radio podcasts. This unique feature allows users to engage with on-chain prediction markets effortlessly while consuming news and expert commentary, transforming passive content consumption into active participation.

Expanding to the Ethereum Layer-2 network Linea, MYRIAD aims to offer scalable, low-cost prediction markets and support a multichain ecosystem. This move is designed to broaden its user base, improve transaction speed, and reduce fees, making it an attractive option in the DeFi space[2].

While politics is a dominant topic on existing platforms like Polymarket, MYRIAD is expected to focus on crypto topics beyond politics. This focus aligns with the growing interest in the crypto sphere, particularly as the sector has surged over 50% since mid-August, reaching a low of $93 million, and total deposits on Polymarket have surged over 1,200% since the beginning of the year[2].

Another player in the prediction market sector, Azuro, currently has $7.6 million in TVL and is recovering from August lows. However, it remains below the record $10 million set in late April[2]. Meanwhile, Predict Fun, a new prediction platform, has over $1.3 million in TVL and is among the top 10 prediction apps by total liquidity[2].

MYRIAD's innovative approach to prediction markets and digital media content, combined with its multi-chain strategy and focus on the crypto sector, positions it strongly within the evolving DeFi ecosystem. By leveraging stablecoins for regulatory compliance and faster settlement, MYRIAD is poised to offer a unique and engaging experience for users in the world of DeFi.

[1] Decrypt. (2025, January). MYRIAD: The Decentralized Prediction Market and Digital Media Ecosystem. Retrieved from https://decrypt.co/resources/myriad-decentralized-prediction-market-and-digital-media-ecosystem

[2] Decrypt. (2022, September 9). Decrypt's Parent Company Announces On-Chain Prediction Market and Digital Media Ecosystem called MYRIAD. Retrieved from https://decrypt.co/84926/decrypt-parent-company-announces-on-chain-prediction-market-and-digital-media-ecosystem-called-myriad

In the world of decentralized finance (DeFi), MYRIAD, a new player, is poised to redefine the crypto sphere beyond politics, not just focusing on news, politics, or general-news, but also sports and other related topics. The platform's innovative approach to integrating prediction markets into digital content like Decrypt articles and Rug Radio podcasts, alongside its multi-chain strategy, makes it a unique and attractive option within the DeFi space.

Read also: