The decentralized prediction market protocol Myriad has reported exceeding $10 million in trading volume in USDC and attracting over half a million users. The project team emphasizes that their platform is shaping the market of the future in the DeFi sector, allowing information to be transformed into a new type of trading asset.
This is reported by Business • Media
Rapid Growth and Impact on the Prediction Market
Myriad launched in March 2025, opening markets in USDC alongside companies Decrypt and DASTAN (the parent company of Rug Radio). In July, the platform expanded its operations to the Ethereum Layer-2 Linea, laying the groundwork for multichain interaction.
According to co-founder and CEO Loxley Fernandez, the rapid expansion of the protocol confirms the relevance of trading ideas and predictions. He notes:
“Markets have always been about speculation, but Myriad turns speculation into a product.”
During its operation, Myriad users have installed over 60,000 browser extensions and made more than 5.4 million predictions across various fields, including sports, politics, culture, and cryptocurrencies. Among these are serious financial assessments as well as humorous bets regarding, for example, the number of birds over Texas on a given night.
Development Plans and Technological Integrations
The protocol is evolving in two directions: a consumer platform and B2B solutions for integration with other applications. Myriad’s roadmap includes integration with EigenLayer and EigenCloud, launching combined oracles, and creating a new ERC-PRED standard that will establish prediction markets as a full-fledged asset class in the DeFi segment.
Loxley Fernandez compares the transformation that Myriad is making to the impact of Robinhood on the stock market, highlighting the uniqueness of the ability to “tokenize your thoughts with just three taps of a finger.”
Additionally, the Myriad Markets platform recently provided users with the ability to make predictions about controversial decisions concerning public figures, including Ukrainian President Volodymyr Zelensky.