$240M was bet on Polymarket on US election day.
The numbers from the biggest prediction-market night in crypto:
📊 $240M of volume
🔁 2,921,668 transactions
⚡ 33.8 per second, no outage
🎯 A Democratic House was priced above 90% for days, and that's what happened
Who got paid:
🟡 Polymarket: ~$4.37M in fees (US $2.73M +27%, international $1.63M +36%)
🟣 Polygon, the chain that settled every trade: $10,571
That's a 400:1 split between the app and the rail.
For scale, 24h fees:
Tether $16.87M
Circle $6.77M
Polymarket $4.37M
PumpSwap $2.82M
Hyperliquid perps $2.59M (−16%)
pump.fun $1.61M
Election betting out-earned perps again.
The app captured the value. The chain got the receipt.
Which layer would you rather own for the next big event: the app or the rail? 👇
The numbers from the biggest prediction-market night in crypto:
📊 $240M of volume
🔁 2,921,668 transactions
⚡ 33.8 per second, no outage
🎯 A Democratic House was priced above 90% for days, and that's what happened
Who got paid:
🟡 Polymarket: ~$4.37M in fees (US $2.73M +27%, international $1.63M +36%)
🟣 Polygon, the chain that settled every trade: $10,571
That's a 400:1 split between the app and the rail.
For scale, 24h fees:
Tether $16.87M
Circle $6.77M
Polymarket $4.37M
PumpSwap $2.82M
Hyperliquid perps $2.59M (−16%)
pump.fun $1.61M
Election betting out-earned perps again.
The app captured the value. The chain got the receipt.
Which layer would you rather own for the next big event: the app or the rail? 👇
