Polymarket, the prediction market platform that spent years letting users trade for free, just out-earned Hyperliquid in a 24-hour window. According to DefiLlama data, Polymarket pulled in $1.18 million in daily revenue compared to Hyperliquid’s $814,944.
For context, Hyperliquid is the decentralized perpetual trading platform that has been consistently generating annualized revenue in the hundreds of millions of dollars. Getting lapped by a prediction market, even for a single day, is the kind of thing that turns heads.
How a fee-free platform started making serious money
Polymarket built its massive user base by charging nothing. That changed recently when Polymarket introduced taker fees on its Polygon-based markets.
Before this latest spike, Polymarket had already hit a peak daily revenue above $109K earlier in 2026. Jumping from $109K to $1.18M in a single day represents a tenfold increase.
