Polymarket Generates Over $1.7M in Polygon Fee Revenue, Over 12.5M POL Tokens Burned

KuCoinFlash

Release Time: 01/13/2026 09:31:17

Summary

Polygon has generated over $1.7 million in protocol fee revenue this year, with more than 12.5 million POL tokens burned, valued at over $1.5 million. Polymarket, a key contributor, has started charging fees for its 15-minute prediction markets. In the past 24 hours, it added over $100,000 in fees to the network. With this growth, altcoins to watch include POL, as traders consider price prediction models for the token's next move.

Odaily Planet News: Castle Labs posted on the X platform stating that since the beginning of this year, Polygon's protocol transaction fee revenue has exceeded $1.7 million, and over 12.5 million POL tokens have been burned, valued at more than $1.5 million.

The main reason for the increase in revenue is that Polymarket has started charging fees for its 15-minute prediction markets. In the past 24 hours, Polymarket contributed over $100,000 in transaction fees to Polygon.

Source:Show original

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.