Myriad: Pioneering Prediction Markets as the Next DeFi Asset Class

The DeFi ecosystem is undergoing a paradigm shift as prediction markets emerge as a legitimate asset class. Myriad, a protocol at the forefront of this movement, has achieved $10 million in USDC trading volume and onboarded over 511,000 users in the past quarter, signaling a maturation of the sector [1]. By embedding prediction markets directly into content-native platforms like Decrypt and Rug Radio, Myriad has captured 26.1% of Polymarket’s active wallets within its first month, demonstrating its ability to scale beyond niche applications [2]. This growth is underpinned by institutional-grade infrastructure, including partnerships with EigenCloud and cross-border payment solutions from Finastra, which align with broader trends of regulatory clarity and institutional adoption in DeFi [3].

Technological Innovation and Multichain Scalability

Myriad’s expansion to Ethereum Layer-2 networks like Linea has enhanced its multichain capabilities, reducing transaction costs while maintaining security [1]. The protocol’s roadmap includes the development of blended oracles, which aggregate data from multiple sources to improve accuracy, and the proposed ERC-PRED token standard, designed to unify prediction assets across chains [4]. These innovations address critical pain points in prediction markets—data integrity and interoperability—positioning Myriad to become a foundational infrastructure layer for DeFi.

Institutional Partnerships and Regulatory Readiness

Institutional adoption is accelerating, driven by Myriad’s compliance-first approach. Its integration with EigenCloud, a decentralized compute layer, ensures robust infrastructure for high-volume trading, while USDC’s role as a stablecoin mitigates volatility risks [2]. Notably, Myriad’s partnerships with EigenCloud and Finastra reflect a strategic alignment with entities prioritizing regulatory compliance, a critical factor for attracting institutional capital [3]. This infrastructure mirrors the broader DeFi trend of bridging traditional finance (TradFi) and blockchain ecosystems, as seen in the approval of U.S. spot Bitcoin ETFs and crypto inclusion in 401(k) accounts [4].

Future Roadmap and Market Potential

Myriad’s future plans include deeper integrations with EigenLayer and EigenCloud, as well as expansion to platforms like Abstract and Linea. These steps will further solidify its position as a multichain prediction market protocol. The proposed ERC-PRED standard could revolutionize the sector by creating a unified framework for prediction assets, enabling seamless cross-chain trading and reducing fragmentation [1]. Analysts like Thomas Peterffy, founder of Interactive Brokers, predict that prediction markets could surpass stock markets in size within 15 years, a forecast that underscores the sector’s long-term potential [4].

Investment Thesis

Myriad’s combination of technological innovation, institutional partnerships, and regulatory readiness positions it as a key player in the DeFi prediction market space. With $10 million in trading volume and a user base exceeding 500,000, the protocol is demonstrating the scalability required to transition from speculative niche to mainstream asset class. For investors, Myriad represents a high-conviction opportunity to capitalize on the convergence of DeFi, institutional finance, and data-driven forecasting.

Source:
[1] Myriad Hits $10M USDC Trading Volume as Prediction Markets Become New Segment of DeFi [https://decrypt.co/337489/myriad-hits-10m-usdc-trading-volume-as-prediction-markets-become-new-segment-of-defi]
[2] Prediction Markets as the Next Frontier in DeFi: Myriad's Strategic Positioning for Institutional Adoption [https://www.ainvest.com/news/prediction-markets-frontier-defi-myriad-10m-usdc-volume-strategic-positioning-institutional-adoption-2509]
[3] Myriad Protocol Launches Multichain Prediction Market Platform Powered by EigenCloud [https://www.ainvest.com/news/myriad-protocol-launches-multichain-prediction-market-platform-powered-eigencloud-linea-2507]
[4] Myriad Crosses $10M in Trading Volume, Defining Prediction Markets as the Next Chapter in DeFi [https://markets.businessinsider.com/news/currencies/myriad-crosses-10m-in-trading-volume-defining-prediction-markets-as-the-next-chapter-in-defi-1035103526]