Polymarket bags 97% of onchain prediction market fees after pricing overhaul Polymarket has emerged as one of the most lucrative protocols in decentralized finance (DeFi) following a significant pricing overhaul, generating approximately $7.1 million in fees during the first week of the second quarter, according to recent data. This performance suggests an annualized run rate of around $365 million if the current pace is maintained, positioning the onchain prediction platform as one of the top fee generators in the industry. The platform now captures nearly all of the sector’s revenue, accounting for 96.8% of onchain prediction market fees. The surge in fees follows a March 30 pricing adjustment that increased daily fees to approximately $1 million, a level that has remained stable as trading activity continues to remain robust. Data from DeFiLlama indicates that this pricing strategy has elevated Polymarket’s position within the DeFi ecosystem, ranking it as the eighth-largest protocol by fees. It now competes with major entities such as stablecoin issuers Circle (USDC) and Tether (USDT), as well as the decentralized derivatives exchange Hyperliquid. Beyond fees, Polymarket’s footprint extends to total value locked (TVL) on its platform. As of Tuesday, TVL surpassed $432 million, nearing its peak of around $510 million from November 2024, which coincided with the US presidential election. This growth underscores the platform’s increasing relevance in onchain prediction markets, where its share of revenue has expanded significantly. Polymarket’s fee engine has also attracted attention from mainstream institutional players. Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has deepened its investment in the platform.#polymarket #intercontinental_exchange #circle #tether #hyperliquid
Brent Oil Futures Remain Above $80 for Second Straight Day Amid Escalating Iran-US-Israel Conflict Brent crude oil futures continued to trade above the $80 per barrel threshold for the second consecutive session on Tuesday, reflecting heightened market anxiety over the escalating tensions between Iran, the United States, and Israel. At 11:07 am, the futures were priced at $80.40 per barrel, with intraday peaks reaching $81.89, the highest level since January 2025. The sustained rally underscores the growing influence of geopolitical risk over traditional supply-demand dynamics in energy markets. The conflict has expanded beyond direct military strikes to include attacks on strategic infrastructure and economic assets across the Gulf region. Iran’s targeting of U.S.-linked facilities and military installations has raised fears of a broader regional escalation, with analysts warning of potential disruptions to global oil flows. The Strait of Hormuz, a critical maritime chokepoint through which approximately one-fifth of the world’s oil supply passes daily, remains the focal point of concern. Around 15 million barrels per day of crude and condensate transit through the strait, making it a linchpin of global energy security. Recent strikes on tankers and warnings to vessels have already disrupted shipping activity, prompting major oil companies and trading firms to temporarily halt shipments through the corridor. If hostilities persist, analysts estimate that regional pipeline alternatives could absorb only 5-7 million barrels per day, potentially leaving up to 8 million barrels per day stranded. Markets are now pricing in not just current disruptions but the likelihood of a severe supply shock, with traders recalibrating risk models and adjusting speculative positions in response to the evolving threat scenario.#iran #united_states #israel #strait_of_hormuz #intercontinental_exchange
