Following its pricing reform, Polymarket's transaction fees reached $7.1 million in the first week of Q2, potentially accounting for 96.8% of on-chain prediction market transaction fees.

According to Huoxun Finance, prediction market Polymarket collected approximately $7.1 million in transaction fees in the first week of the second quarter, ranking among the most profitable DeFi protocols. If this growth rate continues, annualized transaction fee revenue could reach approximately $365 million, giving it a 96.8% share of on-chain prediction market transaction fees. This growth stems from the pricing reform on March 30th, after which daily transaction fees have stabilized at around $1 million, with consistently high trading activity. According to DeFiLlama data, Polymarket's total value locked (TVL) reached $432 million, approaching the high point seen during the 2024 US presidential election. In terms of partnerships, Intercontinental Exchange (ICE) completed a $600 million cash investment on March 27th—part of its total $2 billion commitment—to distribute Polymarket's event-driven data to institutional clients. The platform also completed a collateral asset adjustment on the Polygon chain: replacing the original USDC.e collateral with the new 1:1 USDC-backed token Polymarket USD as trading collateral. However, despite rapid revenue growth, Polymarket still faces regulatory risks. Some U.S. states, Hungary, Portugal, and Argentina have imposed restrictions or blockades on its prediction market operations, arguing that the platform is considered an unlicensed gambling site.