Polymarket tops HyperliquidX in 24-hour revenue as June 16 figure hits $1.26 million
DefiLlama data showed the prediction market platform at $1.18 million versus HyperliquidX's $814,944, and later at $1.26 million on June 16, briefly ranking sixth on the crypto revenue leaderboard.
Fact Check
Multiple independent outlets sourcing DefiLlama corroborate the core claim. Cryptobriefing and Odaily both confirm the exact figures of $1.18 million for Polymarket versus $814,944 for Hyperliquid. BlockBeats confirms the later $1.26 million figure and the sixth-place ranking on the crypto revenue leaderboard cited in the claim. The World Cup (started June 11) is identified as the driver. The only nuance is the date: the initial flip was reported June 14-15 while the $1.26M/sixth-place datapoint aligns with June 16, consistent with the claim's framing of a 'June 16 figure.' Some social posts described Polymarket as 'third largest,' but the leaderboard rank fluctuated and BlockBeats supports sixth at the $1.26M level.
Summary
Polymarket overtook HyperliquidX in 24-hour revenue, according to DefiLlama data cited in the reports. One snapshot showed Polymarket at $1.18 million versus HyperliquidX at $814,944, while a later June 16 figure put Polymarket's 24-hour revenue at $1.26 million, briefly placing it sixth on DefiLlama's cryptocurrency revenue leaderboard. The reports said this was a sharp increase from about $600,000 in 24-hour average revenue a week earlier, and said the rise may have been influenced by the World Cup starting on June 11.
Terms & Concepts
- Polymarket: A crypto-based prediction market platform.
- DefiLlama: A data provider tracking DeFi and crypto protocol metrics.
- prediction markets: Platforms for betting on event outcomes.