Polygon Daily Fees Double Ethereum as Prediction Markets Surge

Published at 2026-02-17 07:00:14

On Friday Polygon generated $407,000 in daily fees, nearly twice Ethereum’s $211,000, according to on-chain fee data. The jump coincided with a sharp increase in prediction market volume on Polygon, suggesting users are moving certain high-frequency, low-fee activities to Layer 2s to save costs and speed up settlements.

The development matters because fees are a direct revenue signal for chain activity and token sinks tied to burn mechanisms—good news for MATIC holders if sustained. That said, experts caution the surge could be episodic: a concentrated market event can temporarily inflate fee totals. Still, the trend underscores how composable, low-fee environments are attracting new DeFi primitives and shifting some economic activity away from Ethereum (ETH).

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Aethir says it halted a bridge exploit on its Ethereum-linked contracts, keeping losses below $90,000. Security firm PeckShield had earlier estimated the damage at about $400,000; Aethir pledged to compensate affected users.

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Published at 2026-04-10 11:15:12

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Published at 2026-04-10 00:45:09

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Published at 2026-04-09 21:45:38

Tom Lee’s BitMine Uplists to NYSE as Ethereum Firm Boosts Buybacks to $4B

BitMine Immersion Technologies, the Ethereum-focused treasury vehicle associated with Tom Lee, said Thursday it has increased its share buyback authorization to $4 billion and completed an uplisting to the New York Stock Exchange. The moves are aimed at tightening supply and expanding access to institutional investors.

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Published at 2026-04-09 16:15:51

Binance Integrates Prediction Markets into App, Covers Gas Fees for Users

Binance has added access to third-party prediction markets inside its app for millions of users and will absorb gas fees to reduce friction. The exchange only facilitates access to the external application and does not operate the markets itself.