Polygon fees top Ethereum on Polymarket surge

Polygon generated higher daily transaction fees than Ethereum for the first time, as prediction market activity accelerated.

Data from Token Terminal showed Polygon collecting $407,100 in daily fees on Friday compared with Ethereum’s $211,700, before the gap narrowed over the weekend.

Analyst Matthias Seidl of growthepie said the spike was “fully driven by Polymarket,” highlighting concentrated demand on the Layer-2 network.

Polymarket accounted for more than $1 million in fees on Polygon over the past seven days, far exceeding other applications on the network.

Polygon noted that over $15 million in wagers were placed on a single Oscars market category, underscoring surging prediction market engagement.

Stablecoin activity has also increased, with weekly USDC transactions reaching 28 million, as Polymarket uses Polygon-based USDC for settlement.

The fee flip signals shifting user demand toward Layer-2 networks offering lower costs and faster settlement as decentralised applications and prediction markets gain traction.

At the time of reporting, Ethereum price was $1,975.84.