Defi sector expands as prediction markets drive Myriad's trading volume past $10 million USDC, marking a significant shift in the market landscape.
In the ever-evolving world of decentralised finance (DeFi), one protocol is making waves – Myriad. This prediction market platform, built on a mission to make information a tradable asset class, has recently surpassed $10 million in USDC trading volume and boasts over half a million users.
Myriad, a brainchild of DASTAN, the parent company of Decrypt and Rug Radio, is poised to revolutionise the prediction market landscape. Loxley Fernandes, co-founder and CEO of Myriad, has stated that the platform is being developed to evolve prediction markets beyond a niche crypto product.
The platform, which launched its USDC markets in March 2025, allows users to "tokenize your opinions with just three taps of your finger". Myriad users have made over 5.4 million predictions across a wide range of topics, from Nvidia's market cap to the number of birds flying over Texas on a given night.
Myriad's success is not limited to its user base. The browser extension has been installed over 60,000 times, and the platform is continuing to expand. In July, Myriad expanded to the Ethereum Layer-2 network Linea. The future roadmap includes integrations with EigenLayer and EigenCloud.
Myriad's ultimate goal is to do for financial derivatives and predictions what Robinhood did for stocks and securities. The platform aims to evolve into a multichain prediction markets protocol designed to power a new class of DeFi products.
As prediction markets are expected to surpass the stock market in the next decade and a half, Myriad's vision of making trading ideas and forecasts a reality could be the next frontier for capital markets. The protocol's success demonstrates that speculation can indeed be turned into a product, paving the way for a new era in the world of finance.
In addition to its B2B protocol for other prediction applications, Myriad plans to introduce blended oracles and a framework for ERC-PRED, a new asset class designed for prediction markets. As the world of DeFi continues to grow and evolve, Myriad is undoubtedly a name to watch.
