Polymarket drove Polygon's fee revenue to over $1.7 million, and burned over 12.5 million POL.

Castle Labs stated on the X platform that Polygon has generated over $1.7 million in protocol fee revenue since the beginning of the year and has burned over 12.5 million POL tokens, worth over $1.5 million. The main reason for the revenue increase is Polymarket's introduction of fees for its 15-minute prediction market. In the past 24 hours, Polymarket contributed over $100,000 in fees to Polygon.