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.