The new fee scheme proves effective, with PolyMarket ranking 7th among crypto protocols in daily revenue.

BlockBeats News, April 1 — According to data from Defillama, the prediction market PolyMarket ranked seventh among crypto protocols in daily revenue, reaching 550 thousand US dollars.

As previously reported by BlockBeats, starting from March 30, PolyMarket will, for the first time, impose Taker fees (fees for market order takers) on almost all trading categories. The new fee structure adopts variable rates, with peak rates for cryptocurrency-related contracts as high as 1.8%. Actual fees will fluctuate along a curve based on share prices and market dynamics. Sports, finance, politics, culture, weather, and general categories will have lower tiered rates, while mention and certain economic prediction categories will have higher peak rates, approximately 1.5%.