Polygon Flips Ethereum in Daily Fees, Polymarket Leads Surge

[lingriiddd]

Polygon has outpaced Ethereum in daily transaction fees for three consecutive days — a first for the network. According to Token Terminal data, Polygon generated $407,100 in fees on Friday, compared to Ethereum’s $211,700. While the gap narrowed over the weekend ($303,000 vs. $285,000 on Saturday), the milestone marks a significant moment for the Layer 2 ecosystem.

Analysts point to explosive activity on Polymarket as the main driver. Matthias Seidl, co-founder of Ethereum analytics platform growthepie, noted that recent growth on Polygon has been “fully driven by Polymarket.” Data shows the prediction market accounted for over $1 million in fees in the past seven days, far surpassing other apps on the network.

The surge reflects booming interest in blockchain-based prediction markets, which have gained momentum following the latest US election cycle.

[mendez]

layer 2 ecosystems finally getting their spotlight while ethereum chills behind