According to ChainCatcher, data from DefiLlama shows that the total value locked (TVL) in crypto prediction markets has surpassed $550 million this week, reaching a new all-time high and surpassing the previous peak during the 2024 U.S. presidential election. Polymarket leads with a TVL of approximately $330 million, followed by OPINION ($155 million) and Predict Fun ($21.7 million). However, in terms of trading volume, Kalshi, which primarily operates off-chain, ranks first with a weekly trading volume of $2.2 billion. On January 18, its daily trading volume hit a record $535.5 million. Polymarket ranks third with a weekly trading volume of about $786 million. Polymarket, which previously operated for free, recently introduced maker fees in some markets. On January 12, it recorded a record daily revenue of $109,300, which later dropped below $75,000. Over the past seven days, Polymarket's revenue has amounted to approximately $550,000, second only to OPINION's $1.5 million. Kalshi is projected to generate over $263 million in fee revenue in 2025, primarily from sports markets.
Crypto Prediction Market TVL Surpasses $550M, Polymarket Leads with $330M
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Summary
The total value locked (TVL) in crypto market prediction platforms has reached $550 million, with Polymarket leading at $330 million. OPINION follows with $155 million, and Predict Fun at $21.7 million. Kalshi leads in weekly trading volume at $2.2 billion. Polymarket introduced maker fees, earning $109,300 on January 12. Over the past seven days, it generated $550,000 in revenue. Price prediction markets continue to be a key driver of activity in the crypto market.
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