Myriad Blockchain Prediction Platform Reaches 5.4 Million Forecasts and 511K Users

The Rise of Prediction Markets in Crypto

Myriad, a blockchain-based prediction platform, announced on September 1 that it has reached more than $10 million in USDC trading volume since launching in March. The platform has also recorded 5.4 million predictions, gained 511,000 users, and had its browser extension installed over 60,000 times.

The company said this growth shows that prediction markets can become an important part of decentralized finance (DeFi). According to CEO and co-founder Loxley Fernandes, Myriad is changing speculation into a real product:

“Financial markets are always about speculation. With Myriad, we’re proving that trading ideas and forecasts is not just possible—it’s the future of capital markets,” he said.

Myriad works both as a consumer platform and as a protocol for other businesses to build on. It is already live on Abstract and Linea, with plans to expand to Eigenlayer and Eigencloud.

Prediction markets, once seen as a niche idea in crypto, became more credible after correctly forecasting big political events, including Donald Trump’s U.S. presidential win. Since then, they’ve grown more popular as tools to gather real-time insights into future events.

Still, challenges remain. Some people see prediction markets as legally unclear, sitting between finance and betting. There are also risks that could affect fairness and accuracy.

To address this, Fernandes explained that Myriad uses clear rules and a mix of in-house and third-party tools to design event contracts. The goal is to avoid disputes and make predictions reliable.

Looking ahead, Fernandes said Myriad also wants to reach a wider audience outside the Web3 community:

“Our aim is to meet users where they are,” he added.