Myriad, a Web3-native prediction and trading protocol, has crossed a major milestone, announcing that it has facilitated more than $10 million in USDC trading volume since launch. Alongside the financial achievement, the platform has onboarded over 511,000 users and processed more than 5.4 million predictions to date.

The company highlights that these early traction numbers reflect not just strong adoption among retail participants but also growing recognition that prediction markets could become a core pillar of decentralised finance (DeFi).

“Our mission is to make information itself a tradable asset class,” said Loxley Fernandes, co-founder and CEO of Myriad. “Financial markets have always been about speculation, but Myriad is turning speculation into a product. We’re building the rails for prediction markets to evolve beyond niche crypto products and into an entirely new segment of DeFi.”

From Media Roots to Market Trust

One factor underpinning Myriad’s momentum is its unique lineage. Built on a media-driven foundation with ties to Decrypt and Rug Radio, the project leans on journalistic credibility as a trust anchor in a sector where confidence is often fragile. This approach, the team argues, has resonated with both retail users and projects eager to embed prediction mechanics into their own products.

The heritage of media and information transparency is particularly significant for prediction markets, which rely on collective expectations and data integrity. Myriad’s early adoption numbers over 60,000 installs of its browser extension suggest that this credibility has played a central role in fuelling engagement.

Notably, prominent voices in finance have also pointed to the long-term promise of prediction markets. Thomas Peterffy, founder of Interactive Brokers, has even suggested that such markets could one day surpass traditional stock exchanges, arguing that their ability to price real-world expectations gives them a structural advantage.

Building Consumer and B2B Rails

While Myriad has gained early recognition as a consumer-facing app, the project is also positioning itself as a business-to-business (B2B) protocol, providing the infrastructure for other prediction applications.

The platform has already been deployed on Abstract and Linea, with further integrations planned for EigenLayer and EigenCloud. Its roadmap is geared towards:

• Multichain expansion to maximise liquidity and accessibility.
• Smarter oracle integrations to ensure reliable data feeds.
• U.S. regulatory alignment to pave the way for institutional adoption.

A key innovation under development is ERC-PRED, a proposed token standard designed to serve as a common unit for prediction markets. If widely adopted, ERC-PRED could standardise prediction assets across chains and protocols, ensuring interoperability and driving liquidity in the sector.

The company is also experimenting with blended oracles, combining multiple data sources to strengthen accuracy and resilience, a critical challenge for prediction markets that trade on real-world outcomes.

Compliance, Institutions, and the Road Ahead

Perhaps the most striking element of Myriad’s strategy is its compliance-first approach. Unlike many DeFi projects that prioritise rapid scaling and leave regulation as an afterthought, Myriad is actively working to align its product with institutional standards and regulatory clarity.

This hybrid strategy, combining retail adoption with enterprise-grade infrastructure reflects an ambition to bring both crypto-native users and traditional finance players into the fold. By foregrounding compliance and offering clear controls, Myriad aims to bridge the gap that has historically kept institutions cautious about engaging with on-chain prediction markets.

Prediction markets inherently thrive on diverse inputs: forecasts, polls, economic data, and binary event outcomes. Proponents argue that aggregating such views through incentivised trading can often yield more accurate forecasts than individual analysts or traditional surveys. Myriad’s early traction suggests there is meaningful appetite for these mechanics among Web3 users.

Still, scaling prediction markets to rival legacy instruments such as equities or derivatives will hinge on three factors:

1. Regulatory clarity to unlock institutional adoption.
2. Robust oracle solutions to ensure data accuracy and integrity.
3. Interoperable asset standards to unify liquidity across chains.

A Potential Pillar of DeFi

With half a million users, millions of predictions, and $10M in trading volume, Myriad is positioning itself not only as a novel consumer app but as a platform laying the foundations of a new DeFi vertical. Its mix of media credibility, technical innovation, and compliance-first expansion could give it a head start as the race to mainstream prediction markets intensifies.

Whether Myriad succeeds in making information trading a recognised financial asset class will depend on its ability to execute on its roadmap and win the trust of both retail and institutional users. For now, the project stands as one of the strongest bets yet that prediction markets could move from the fringes of crypto into the centre of global financial infrastructure.