Polymarket has achieved the fifth position in revenue among cryptocurrency protocols, generating $6.16 million over the past week. According to BlockBeats On-chain Detection, this development follows the introduction of a new fee structure by Polymarket on March 30.
The platform has started imposing Taker fees on nearly all trading categories. This new fee structure features variable rates, with peak fees for cryptocurrency-related contracts reaching up to 1.8%. The actual fees fluctuate based on share prices and market dynamics. Lower tiered rates apply to categories such as sports, finance, politics, culture, weather, and general topics, while higher peak rates, around 1.5%, are set for mention-based and certain economic predictions.