Myriad Hits $10M USDC Buying and selling Quantity as Prediction Markets Grow to be ‘New Phase of DeFi’ – Decrypt

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 speedy growth 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, mentioned in a press release shared with Decrypt.

“Monetary markets have all the time been about hypothesis, however Myriad is popping hypothesis right into a product,” Fernandes mentioned, including that Myriad’s success demonstrates that “buying and selling concepts and forecasts isn’t solely doable, it’s the subsequent frontier for capital markets.”

Created by Decrypt and Rug Radio’s guardian 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.”

Thus 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 the whole lot 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 client platform and a B2B protocol for different prediction functions. 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 making ready to make prediction markets a pillar of worldwide DeFi. In the end, its intention is to do for monetary derivatives and predictions what Robinhood did for shares and securities, Fernandes mentioned—constructing a protocol that allows customers to “tokenize your opinions with simply three faucets of your finger.”