Polymarket’s daily fee revenue exceeded $1 million on April 1 following a platform-wide expansion of taker fees across multiple market categories.
The increase came just two days after the March 30 rollout, with fees rising from $696,000 on March 31 to over $1 million as the new pricing model took effect.
“The latest full single-day fee on April 1 was $927,000, and it is expected that single-day fees could exceed $1 million in the coming days,”
Said on-chain analyst, DefiOasis.
The updated structure introduces variable, probability-based fees across sectors including politics, finance and tech, while maintaining zero fees for makers who instead receive USDC rebates.
The shift marks a transition from growth-focused incentives to revenue generation, with Polymarket now reaching an annualised run rate of more than $338 million.
At the same time, competition is increasing, with Predict.fun seeing strong inflows after integration with Binance Wallet and industry-wide prediction market volumes exceeding $20 billion monthly.
Sustaining the new revenue levels will depend on whether trading volumes remain resilient as users adjust to higher fees.