Prediction market protocol Myriad has handed $10 million in USDC buying and selling quantity with over half one million customers, because it builds on its mission to make data itself a tradable asset class.
The protocol’s fast enlargement is “constructing the rails for prediction markets to evolve past a distinct segment crypto product and change into a wholly new section of DeFi,” Loxley Fernandes, co-founder and CEO of Myriad, stated in an announcement shared with Decrypt.
“Monetary markets have at all times been about hypothesis, however Myriad is popping hypothesis right into a product,” Fernandes stated, including that Myriad’s success demonstrates that “buying and selling concepts and forecasts is just not solely doable, it’s the following frontier for capital markets.”
Created by Decrypt and Rug Radio’s father or mother firm DASTAN, Myriad launched its USDC markets in March 2025. In July, Myriad expanded to Ethereum Layer-2 community Linea, marking a key stage in its evolution right into a multichain prediction markets protocol designed to energy a “new class of DeFi merchandise.”
So far, Myriad customers have put in its browser extension over 60,000 occasions and made greater than 5.4 million predictions throughout classes together with sport, politics, tradition and crypto—taking in every little thing from Nvidia’s market cap to what number of birds would fly over Texas on a given night time.
Myriad continues to develop each its shopper platform and a B2B protocol for different prediction purposes. Its future roadmap consists of integrations with EigenLayer and EigenCloud, in addition to plans for introducing blended oracles and a framework for ERC-PRED, a brand new asset class designed for prediction markets.
With prediction markets anticipated to surpass the inventory market within the subsequent decade and a half, Myriad is getting ready to make prediction markets a pillar of world DeFi. In the end, its purpose is to do for monetary derivatives and predictions what Robinhood did for shares and securities, Fernandes stated—constructing a protocol that allows customers to “tokenize your opinions with simply three faucets of your finger.”
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