New Fee Structure Takes Effect, PolyMarket's Daily Revenue Rises to 7th Among Crypto Protocols - Lookonchain - Looking for smartmoney onchain

On April 1st, data from Defillama shows that PolyMarket -- a prediction market -- ranked 7th among crypto protocols in daily revenue, totaling $550,000. As previously reported by BlockBeats, starting March 30th, PolyMarket will begin charging taker fees for the first time on nearly all trading categories. The new fee structure uses variable rates: crypto-related contracts have a peak rate of up to 1.8%, with actual fees adjusting dynamically based on share prices and market conditions. Sports, finance, politics, culture, weather, and general categories feature lower tiered fees, while other specified categories and peak fees for certain economic forecasts are higher, around 1.5%.