defioasis

Less than two weeks after launch, Robinhood Chain has already contributed 420,000 UNI burned

Robinhood Chain has entered the top 4 chains in UNI burn history, accounting for over 5%

At this pace, with the current DEX activity levels, it’s estimated that by the end of this month the amount of UNI burned on Robinhood Chain will surpass Arbitrum

Based on UNI burned across the whole chain over the past 7 days, the annualized value of UNI burned exceeds $87 million

Investor 1confirmation founder Nick Tomaino, who participated in four rounds of Polymarket funding, strongly supports Polymarket

- Polymarket’s monthly website traffic reaches 43.1 million visits, exceeding the combined total of FanDuel, DraftKings, and competitor Kalshi, with a marketing budget lower than many similar apps

- Polymarket holds a dominant position in on-chain prediction markets; on-chain trading is crucial for achieving information transparency and global accessibility

- Polymarket US is already on track and has made strides in both product and business

Since this year, Polymarket has become the largest use case for stablecoin trading on the Polygon network.

Over the past three months, the Polygon network’s average monthly stablecoin Transfer transaction volume has exceeded $80 billion, with Polymarket accounting for more than 30% of the stablecoin Transfer transaction volume.

In July, Polymarket’s stablecoin Transfer transaction volume reached $26.25 billion, which is more than 10 times higher than the same period last year.

Tokenized stocks on-chain transfer volume exceeded $9 billion for two consecutive months

However, in July compared to June, competition became fiercer, and CEX tokenization solutions saw strong growth

In June, xStocks + Ondo accounted for over 95% of trading volume, with xStocks reaching as high as $6.6 billion in a single month

In July, Binance bStocks quickly rose to prominence, with monthly trading volume hitting $3.28 billion. xStocks, impacted the most, slipped to around the $1 billion level, while Ondo saw a modest increase

Additionally, with the mainnet launch, Robinhood’s on-chain stocks also surged rapidly that month, with monthly trading volume exceeding $1 billion

At present, on-chain stocks are mainly dominated by Binance bStocks, Ondo, xStocks, and Robinhood. And just looking at the first few days of August, bStocks appears poised to form a near-monopoly in on-chain stock trading

Polymarket Builders trading volume fell for 4 consecutive weeks, returning to the level from one month before the start of the World Cup

Builders with nominal trading volume of over $5 million decreased from a peak of 13 to just 5

- betmoar $30.39m
- Gate $26.61m
- traderline $19.31m
- PolyCop $7.26m
- polymtrade $6.95m

From the perspective of assets held by Polymarket, it can be broken down into four parts:

- pUSD balance: $475 million
- Polymarket TVL: $318 million
- Polymarket US open positions: $77.72 million
- Polymarket Perp TVL: $31.81 million

Polymarket’s asset peak occurred during the World Cup period, when the total of the four items reached over $1.1 billion at one point.

Although it has declined from the peak, compared with the recent decline in daily trading volume, the drop remains within a manageable range—the retained funds are still fairly good

Polymarket International surpassed a cumulative trading volume of $100 billion in July

Despite the World Cup ending and Polymarket International’s monthly trading volume falling by more than 35% compared with June

Polymarket US has still been setting new highs in succession—its trading volume has exceeded $4 billion for two consecutive months. It feels like we may see US trading volume overtake International within this year

In the United States, regulated prediction markets are also Kalshi’s foundation. And now the US is becoming Polymarket’s most core growth driver

Polymarket’s 5min, 15min, and 4h Crypto Up/Down markets will switch to using Chainlink Time-Weighted Average Price (TWAP) for settlement

The change is intended to prevent certain large whales from manipulating prices during periods of thin market liquidity. There have been cases in the past where, in the short time before settlement, prices reversed sharply

Depending on the market duration, different TWAP windows will be used:
- 5min : 30s TWAP
- 15min : 60s TWAP
- 4h : 60s TWAP

At the same time, Polymarket will provide an additional $1 million liquidity incentive for these markets in August

With the data source change + liquidity incentives, let’s see whether Polymarket can revive the vitality of its high-frequency Up/Down markets

Meme trading frontend FOMO growth manager shares user group composition

In the past 30 days, the total number of FOMO users in identified countries reached 578,000. Of this, 54% comes from the United States, and North America is the core market

Globalization is fairly extensive, with multiple European countries listed, including Germany, the Netherlands, Spain, the UK, France, and Italy

Africa is showing impressive performance—Nigeria, South Africa, and Kenya together account for nearly 6.2%

The overall share in the Asian market is still relatively low. The team mentioned that they need to increase investment in the Asian market

Although some of the factors may be due to VPN usage, it still feels like there aren’t many Chinese-language users who discuss and use FOMO

One core reason FOMO is worth tracking is that, as a trading frontend, it has accumulated as much as $94 million in funding

Robinhood Releases Q2 Earnings Report: Event Contract Revenue Grows by More Than 10 Times to $156 Million

In Q2, Robinhood reported total net revenue of $1.31 billion, with trading revenue reaching $776 million, driven primarily by event contract revenue of $156 million from its prediction markets business

Meanwhile, Robinhood’s event contract revenue ($156 million) exceeds stock revenue ($129 million) and cryptocurrency revenue ($100 million)

Cryptocurrency revenue is the only asset category within Robinhood’s trading revenue that declined, while event contract revenue grew by more than 10 times

Robinhood Chain’s UNI burn increase is very noticeable

July 28 marked the first full day after the fee switch was expanded to Robinhood Chain

UNI daily burned amount: 86,000 tokens, worth approximately $327,000, the fourth-highest daily burn value this year

Among this, Uniswap trading activity on Robinhood Chain burned 48,000 UNI tokens, accounting for more than 50% of the total—making it the main driver of the burn

Polygon CEO Sandeep: Polymarket achieved great success during the World Cup

More than 300 World Cup-related markets were created on Polymarket, and the trading volume of just one of those markets reached $4.2 billion

From Polygon’s perspective, it’s not something they would hope Polymarket would leave to build its own chain

Since this year, Polymarket activities have been steadily contributing over 50% of the Polygon network’s daily transaction fees

The better Polymarket performs, the more Polygon essentially reaps the benefits

For Polymarket, the partnership between the two seems to be thriving as well—providing even more reasons to keep delaying building a chain, or even issuing tokens…

On the first day of trading for ChangXin Technology (CXMT), Predict Fun’s nominal trading volume for CXMT-related prediction markets once approached $1 million.

Meanwhile, in terms of cumulative trading volume, Predict Fun has essentially established a one-sided advantage in the CXMT market—far exceeding Polymarket.

CXMT itself is a very typical Asian narrative:
- China’s AI and semiconductor industry chain
- One of the most highly anticipated IPOs of the year on the A-share market
- Chinese-language communities naturally have higher information density and greater discussion heat

For this kind of underlying asset, Asian users often show stronger participation willingness and are more likely to drive community-driven word-of-mouth.

This is similar to the logic behind some exchanges building a competitive advantage through TradFi “perpetual” offerings: they choose to provide regional assets such as A-shares and Hong Kong-listed stocks, and build competitive strength through differentiated offerings.

Prediction markets may offer similar opportunities. Mid-tier prediction markets can focus on niches where top platforms don’t cover enough and where regional user demand is stronger—such as China’s technology industry, Asian capital markets, regional policy events, local popular companies and industrial supply chains, and the like.

These markets may not necessarily attract global interest, but for Asian users, they may be even more appealing.

CXMT is a test case. In the future, more underlying assets like CXMT will keep emerging—those that combine an industry narrative, regional attention, and event catalysts. As a prediction market platform that is closer to Asian users, Predict Fun may be able to continuously replicate this kind of trading momentum and carve out a differentiated path.

Uniswap Fee Burning Expansion to Robinhood Chain Has Been Officially Executed

On its first day, Uniswap burned 22,000 UNI from DEX trades on the Robinhood Chain, worth approximately $85,000

Notably, a total of 64,000 UNI was burned that day (worth approximately $247,000). Among them, the Robinhood Chain became the multi-chain network with the highest UNI burn on the very first day of the burning execution

Currently, UNI has recorded burn activity on Ethereum, Polygon, Robinhood Chain, Arbitrum, Base, Unichain, Optimism, BNB Chain, and Worldchain

Based on the past 30 days, the annualized burn value of UNI is approximately $40.3 million

After the World Cup, the first week

Prediction market average daily taker volume generally declines compared to during the World Cup

The drop ranges from 20% to 50%, with Polymarket down more than 40%

Polymarket Builders weekly trading volume continues to decline for a fourth straight week

Over the past week, Polymarket Builders’ weekly nominal trading volume was slightly above $200 million, down 60% from its peak.

After the World Cup ended, Polymarket Builders’ daily nominal trading volume fell by 60%–70%.

Where is the next new growth opportunity for prediction markets—that is, for trading products built around prediction markets?

The Meme trading frontend also looks like it’s being reshuffled

In the past day, FOMO captured revenue of $334,000, reaching an all-time high while surpassing Axiom

However, Axiom’s captured fees are still higher than FOMO’s, because part of Axiom’s fees are used for referral rebates and cashback

FOMO’s total funding has reached $94 million, including a $75 million Series B round completed in late June this year

With the World Cup over, the biggest predicted market shock isn’t actually Polymarket or Kalshi

It’s Robinhood’s in-house compliant prediction market, Rothera, under its umbrella

- Holdings fell sharply from a peak of over $120 million during the World Cup to just under $5 million

- Daily trading volume plunged by more than 90% from over $100 million to under $10 million

Rothera’s traffic comes almost entirely through routing on the Robinhood App. User behavior is highly event-driven—once the matches end, everyone disperses

Meanwhile, Robinhood’s recent focus in Web3 has been on building on-chain, which is a bet on Web3 infrastructure for the longer term

Meme trades with stock tokens

Meme - Stock Token trading pair volume is booming on the Robinhood Chain

Meme - Stock Token and Stock intraday trading volume combined exceeds $60 million

GME (GameStop) launched by Bankr became the token with the highest number of trading addresses on that chain over the past 24 hours, and its pool is GME/gme

Crossing over isn’t easy

Prediction market’s two big leaders, Kalshi and Polymarket, didn’t do well with Perp DEX

Perp DEX leader Hyperliquid also didn’t do well with prediction/event contracts

On Hyperliquid, HIP-4 event contracts’ daily trading volume recently fell to below $1 million

The active market for HIP-4 dropped from over 120 to fewer than 20—down more than 85% in just one month