Polymarket, built on Polygon PoS, has emerged as a decentralized predictions market allowing bets on U.S. presidential elections, with nearly $2.4 billion wagered thus far.
Despite being a hit among mainstream users, Polymarket has generated only around $27,000 in transaction fees for Polygon in 2024, highlighting market-driven fee structures.
Polygon's native POL token hasn't seen much price recovery, even with Polymarket's success, indicating that high user engagement doesn't directly translate to token value increase.
The low average transaction fee of $0.007 on the Polygon PoS chain means that high transaction volumes, like those of Polymarket, yield minimal revenue for the network.
Collection
[
|
...
]