Decentralized Finance (DeFi) sees significant growth with Myriad achieving $10 million in USDC trading volume as prediction markets gain prominence as a burgeoning sector within the field.
In the rapidly evolving world of decentralised finance (DeFi), one protocol is making waves by aiming to make information a tradable asset class: Myriad. This innovative platform has been downloaded as a browser extension over 60,000 times, and boasts over half a million users.
Myriad, created by Decrypt and Rug Radio's parent company DASTAN, is evolving into a multichain prediction markets protocol. Its mission is to power a new class of DeFi products and prepare for the future of financial derivatives and predictions. The platform aims to do for financial derivatives and predictions what Robinhood did for stocks and securities, building a protocol that enables users to "tokenize your opinions with just three taps of your finger."
The platform has seen significant activity, with users making over 5.4 million predictions across various categories, including sport, politics, culture, and crypto. Predictions cover a wide range of topics, from Nvidia's market cap to the number of birds flying over Texas on a given night.
Myriad launched its USDC markets in March 2025, and its financial markets have since surpassed $10 million in USDC trading volume. The protocol has also expanded to the Ethereum Layer-2 network Linea in July.
Looking ahead, Myriad's future roadmap includes integrations with EigenLayer and EigenCloud. The platform is also planning to introduce blended oracles and a framework for ERC-PRED, a new asset class designed for prediction markets.
Loxley Fernandes, co-founder and CEO of Myriad, stated that Myriad is building the foundation for prediction markets to evolve beyond a niche crypto product. Fernandes believes that prediction markets are expected to surpass the stock market in the next decade and a half, and Myriad is preparing to make them a pillar of global DeFi.
Myriad's financial markets are based on speculation, but it is turning speculation into a product. The success of Myriad demonstrates that trading ideas and forecasts is possible and could be the next frontier for capital markets. However, the identity of Myriad's founders cannot be confirmed from the provided information.
As Myriad continues to grow and evolve, it will be interesting to see how this innovative platform shapes the future of DeFi and financial markets as a whole.
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