The predicted market TVL reached a new high of over $550 million, with Polymarket leading with $330 million locked

According to DefiLlama data, the total locked value (TVL) of the crypto prediction market surpassed $550 million this week, reaching an all-time high, exceeding the previous peak during the 2024 U.S. presidential election.

Polymarket leads with a TVL of approximately $330 million, followed by OPINION ($155 million) and Predict Fun ($21.7 million). However, in terms of trading volume, Kalshi, which primarily operates off-chain, had a weekly trading volume of $2.2 billion, with a record single-day trading volume of $535.5 million on January 18. Polymarket's weekly trading volume is about $786 million, ranking third.

Polymarket, which previously operated for free, recently introduced fees for some markets. On January 12, it recorded a single-day revenue of $109,300, which subsequently fell below $75,000. Over the past 7 days, Polymarket's revenue was approximately $550,000, second only to OPINION's $1.5 million. Kalshi estimates that its fee revenue will exceed $263 million in 2025, primarily from the sports market.