- Prediction markets recorded a 2,838% jump in transactions from the same time last year.
- Polymarket accounted for over 77% of gas usage and 54% of all transactions on Polygon.
- Polygon has already pulled in over $1.7 million in fees in 2026, thanks to Polymarket.
Prediction markets recorded explosive growth in March, with transactions surpassing 191 million, according to Dune Analytics. The surge represents a 2,838% year-over-year increase, with Polymarket emerging as the dominant platform and driving significant activity across Polygon’s network.
Polymarket Dominates Prediction Markets Activity
Polymarket led the prediction markets surge, accounting for more than 77% of gas usage and over 54% of total transactions on Polygon earlier this year. The platform’s daily volume jumped from nearly zero in early 2024 to millions by March 2026, driven by rising demand for event-based trading.
The growth has been fueled by major global events, including the U.S. election cycle, along with expanding categories such as sports, geopolitics, and economic predictions.
This shift has positioned Polymarket as one of the fastest-growing decentralized applications in the crypto ecosystem.
Some traders have even scored huge gains. For instance, ‘PredictTrader’ turned $10,000 into $500,000 betting against the crowd, while automated bots have flipped small positions into millions by spotting price gaps.
However, the spike in activity has also introduced risks, including malicious copy-trading tools and advanced strategies favoring experienced users.
Polygon Sees Fee Growth From Polymarket Surge
Polygon benefited significantly from Polymarket’s rapid expansion, generating over $1.7 million in fees in 2026. The Layer-2 network has handled the majority of prediction market transactions, highlighting how application-driven demand is boosting on-chain activity.
Despite the strong network growth, Polygon’s native POL token has struggled to reflect the increased usage, hovering around $0.09. The divergence underscores a broader trend where decentralized applications capture value while underlying infrastructure tokens lag.
Polymarket Layer-2 Plans and Regulatory Attention
Polymarket is reportedly exploring the launch of its own Ethereum Layer-2 network, which could allow the platform to capture more value directly. Such a move may reduce reliance on Polygon while strengthening the application-level revenue model.
Meanwhile, the rapid rise of prediction markets is attracting regulatory scrutiny. Platforms like Polymarket continue operating in a gray area across several jurisdictions, raising concerns about insider information, market manipulation, and betting on sensitive global events.
Related: Polymarket Updates Integrity Rules for DeFi and US Trading Platforms
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Source: https://coinedition.com/prediction-markets-hit-191m-march-transactions-polymarket-leads/
