Myriad Protocol Transforms DeFi Prediction Markets with $10M+ Volume and 500K+ Users

The decentralized finance (DeFi) landscape is witnessing a significant evolution with the emergence of prediction markets transforming speculative information into a tradable asset class. At the forefront of this shift, the Myriad protocol has registered notable traction, reportedly exceeding $10 million in USDC trading volume and attracting over 500,000 users. This rapid growth signals a burgeoning interest in systems that allow users to monetize insights across a diverse range of events, from market trends to geopolitical outcomes.

Myriad's core ambition is to establish a new paradigm for capital markets, where information itself becomes a fungible commodity. Loxley Fernandez, co-founder and CEO of Myriad, articulated this vision, stating that while "markets have always been about speculation, Myriad turns speculation into a product." He added that the protocol's swift expansion demonstrates that "trading ideas and predictions is not only possible, it's the next frontier for capital markets," positioning Myriad to evolve prediction markets from a niche crypto offering into a mainstream DeFi segment.

• Exceeded $10 million in USDC trading volume.
• Engaged over 500,000 users on its platform.
• Aims to establish information as a fungible commodity in capital markets.
• Launched USDC markets in collaboration with Decrypt and DASTAN in March 2025.
• Expanded to Ethereum Layer-2 Linea for robust multi-chain capabilities.
• Recorded over 5.4 million predictions across diverse categories.

Operational Milestones and Platform Growth

Operational milestones for Myriad commenced with the official launch of its USDC markets in March 2025, a collaborative effort with Decrypt and DASTAN, the parent company of Rug Radio. Further expanding its reach, the team subsequently deployed on Ethereum Layer-2 Linea in July, laying the groundwork for a robust multi-chain protocol. User engagement statistics underscore Myriad's active community, with over 60,000 browser extensions installed and more than 5.4 million predictions made across various categories including sports, politics, culture, and cryptocurrencies. These predictions span a wide spectrum, from forecasting Nvidia's market capitalization to more lighthearted wagers.

Strategic Development and Future Outlook

Myriad is actively developing both its consumer-facing platform and business-to-business (B2B) solutions tailored for other decentralized applications. Its strategic roadmap includes integrations with EigenLayer and EigenCloud, aiming to enhance security and scalability. A critical initiative is the launch of combined oracles and the creation of the ERC-PRED standard, designed to officially solidify prediction markets as a distinct and recognized asset class within the broader DeFi ecosystem.

Fernandez drew a parallel between Myriad's transformative potential and Robinhood's impact on traditional stock trading, suggesting the protocol empowers individuals to "tokenize their thoughts in just three taps." This vision aims to democratize access to speculative markets, making them more intuitive and accessible. Demonstrating the breadth of its applications, Myriad Markets recently enabled users to place predictions on outcomes related to controversial decisions involving Ukrainian President Volodymyr Zelenskyy, highlighting its capacity to cover high-stakes public interest events.