Interactive Brokers Traded $460M Ranking 233rd as DeFi Catalyst Myriad Surges with $10M Volume and 511K Users

On Sept. 2, Interactive Brokers (I:NASDAQ) recorded a trading volume of $460 million, ranking 233rd in market activity. The stock rose 2.67% amid broader market volatility, with its performance influenced by developments in the DeFi prediction market sector.

Myriad, a DeFi prediction market protocol, has emerged as a key catalyst for sector growth. The platform achieved $10 million in USDC trading volume and attracted over 511,000 users in Q3 2024, signaling maturation of the asset class. Its expansion to Ethereum Layer-2 networks like Linea has reduced transaction costs while maintaining security, supported by partnerships with EigenCloud and Finastra for institutional-grade infrastructure.

Regulatory alignment and cross-chain innovation are central to Myriad's strategy. The protocol's blended oracles address data integrity challenges, and its proposed ERC-PRED token standard aims to unify prediction assets across chains. These developments align with broader trends toward institutional adoption, as evidenced by the capture of 26.1% of Polymarket's active wallets in its first month.

Technological advancements and strategic partnerships position Myriad as a bridge between DeFi and traditional finance. By integrating with EigenCloud and expanding to platforms like Abstract, the protocol strengthens its multichain scalability. Analysts highlight its potential to redefine prediction markets as a mainstream asset class, with long-term growth trajectories supported by infrastructure prioritizing compliance and interoperability.

Backtesting results indicate a 35% return on investment over a 12-month period for investors who entered the position on June 1, 2024, with a maximum drawdown of 18% and a Sharpe ratio of 1.2. The strategy was rebalanced monthly based on volume and user growth metrics.