Polymarket will only bring about $27000 in transaction fees to Polygon PoS in 2024

According to CoinDesk, one of the biggest breakthrough successes for the team behind Layer 2 blockchain Polygon this year is the decentralized prediction market Polymarket. Polymarket has surged in popularity among mainstream users, with its traders investing nearly $2.4 billion in the question of whether Trump or Harris will win the US November election. But Polymarket only brought a small amount of US dollar returns to the Polygon team, and the price of the native POL token has hardly increased. According to Token Terminal data, as of October 23rd, Polymarket has only generated approximately $27000 in transaction fees for Polygon PoS in 2024. Although the bettors of Polymarket are very active, the trading volume is still far from reaching the level of high-intensity applications such as decentralized cryptocurrency exchanges (DEX). According to data from the Polygon research team, 5.2% of transactions on the Polygon PoS chain so far this month have come from the Polymarket; Chainlink accounts for 10.38% of PoS transactions, while stablecoin USDT transfers account for 4.89%.