pricing

The Web3 asset data platform RootData has outlined 38 business partners of Polymarket, covering multiple key areas such as oracle, cross-chain assets, exchanges, wallets, and application layers. From a structural perspective, Polymarket primarily relies on Polygon to process transactions and supports assets from multi-chain networks such as Ethereum and Solana. It also provides key data inputs through oracles like UMA and Chainlink to ensure the credibility of event outcomes and price discovery mechanisms. In terms of asset liquidity, it collaborates with stablecoins and cross-chain services like Circle and Bridge, and connects with mainstream wallet systems including MetaMask, Phantom, and Privy, facilitating the flow of funds across different networks and lowering the barriers to participating in prediction markets. Regarding user entry points, Polymarket integrates centralized exchanges like Gate and Phemex, and combines applications and data tools such as Jupiter, MoonPay, Polysights, and Kaito to form potential ecological traffic expansion. Overall, the Polymarket ecosystem can be broken down into three layers: the upstream relies on oracles to settle "tradeable information," the middle layer completes matching and settlement through multi-chain and stablecoins, and the downstream reaches users through wallets and applications. The platform is building a financial system that converts information into prices and completes pricing through on-chain markets. Related collection: [Polymarket Web3 Partner Network Collection (continuously updated)](https://cn.rootdata.com/Archives/detail/Polymarket%20Crypto%20Business%20Partner?k=NDc2OTgz) Cryptocurrency projects actively showcasing their partner networks have become a key way to enhance transparency and market trust. It is reported that RootData welcomes Web3 project parties to [claim data](https://www.rootdata.com/Projects/submit?ft=claimApply) and continues to track and open more project business relationship disclosure channels. The platform has continuously released multiple editions of cryptocurrency project ecological maps, nominating Web3 ecosystem partners for upstream clients such as Visa, Mastercard, and Coinbase. **If you wish to nominate your project in future ecological maps, please fill out the [RootData 2026 Industry Ecosystem Mapping](https://forms.gle/tWArmXcpSfZJkh1r8) form to supplement your important clients and partners.**

According to Jinshi reports, the S&P 500 index reached a record high during Wednesday's trading session, marking the first new high since the outbreak of the Iran war. The market's expectations for a de-escalation of the war situation and strong earnings forecasts have attracted investors back to risk assets. Despite the ongoing geopolitical crisis, there has been a shift in market risk pricing, with traders more willing to factor in lower escalation risks in the short term. Since the conflict erupted on February 28, the S&P 500 index had fallen as much as 9%, but did not meet the criteria for confirming a "technical adjustment."

The prediction market Polymarket collected approximately $7.1 million in trading fees in the first week of the second quarter, becoming one of the most profitable protocols in DeFi. If this pace continues, its annual trading fee revenue could reach about $365 million, potentially capturing 96.8% of the trading fee share in on-chain prediction markets.Analysis suggests that this growth stems from the pricing reform on March 30, maintaining daily trading fee levels at around $1 million, with trading activity remaining high. According to DeFiLlama data, Polymarket's total value locked (TVL) has reached $432 million, nearing the peak during the 2024 U.S. presidential election.In terms of mainstream partnerships, the Intercontinental Exchange (ICE) completed a $600 million cash investment on March 27, as part of a larger $2 billion commitment, to distribute Polymarket's event-driven data to institutional clients. The platform also replaced the USDC.e collateral on Polygon with a brand new 1:1 USDC-backed token, Polymarket USD, as a trading collateral asset.Despite rapid revenue growth, regulatory risks remain. Some U.S. states, as well as countries or regions like Hungary, Portugal, and Argentina, have imposed restrictions or bans on prediction markets, citing that Polymarket is viewed as an unlicensed gambling platform.

According to Cointelegraph, Edward Felten, co-founder of Offchain Labs, stated in his keynote speech at EthCC 2026 that Ethereum's layer two networks need to introduce a "dynamic pricing" mechanism to support billions of users and reduce fee fluctuations during network congestion.Felten pointed out that the current drastic fluctuations in Gas prices remain the main means of resisting network overload, but this volatility poses a significant barrier to mainstream users. He stated that a dynamic pricing mechanism could accommodate more transaction volume at lower Gas prices while avoiding infrastructure overload.In response, developer Julian Kors noted that the main drawback of dynamic pricing is its predictability, which is lower than that of EIP-1559. Cyprien Grau, head of the Status Network project, believes that while this model improves fee accuracy, it still does not address structural issues— as competition for scaling intensifies, layer two network Gas fees trend towards zero in the long term, and dynamic pricing is essentially still an income model built on continuously depreciating assets.

According to Jinshi reports, market pricing shows that bets on the Federal Reserve cutting interest rates in 2026 have decreased.

According to official social media news, Huobi HTX will hold a live broadcast today at 20:00 (UTC+8) on the theme "Institutional Acceleration: Is the Macro Pricing Power of BTC and ETH Shifting?" At that time, crypto KOLs such as Crypto.0824, DaDa, Xiao Jinbao, and Da Lin will be invited to attend and discuss popular topics such as the pricing logic of Bitcoin and Ethereum against the backdrop of continuous inflow of institutional funds, on-chain capital flows, ETFs, and the reshaping of the valuation system of crypto assets by macro liquidity.

According to Jinshi reports, U.S. short-term interest rate futures show that traders have reduced the pricing for the Federal Reserve's interest rate cuts this year by about 3.5 basis points compared to before the meeting, down to 17 basis points.

According to The Block, Bitwise Chief Investment Officer Matt Hougan pointed out that there may currently be structural valuation errors in crypto assets, primarily due to investors' "anchoring bias," which keeps them focused on old narratives while ignoring the reality that Wall Street is accelerating its shift towards on-chain infrastructure.Hougan emphasized that although the market size for tokenized assets is currently only about $20 billion, the vast scale of traditional financial markets indicates significant growth potential. He cited examples such as BlackRock launching a tokenized government bond fund, JPMorgan issuing deposit tokens on the Base network, and Apollo's tokenized credit fund, arguing that the lagging consensus narrative compared to actual developments provides investors with opportunities to achieve excess returns (Alpha). He suggested that investors should establish broad market exposure to navigate the ongoing structural changes in finance.

U.S. Treasury Secretary Becerra recently stated that Hong Kong is currently exploring a new financial system based on digital assets as a "sandbox" for financial innovation, raising market concerns about potential impacts on the pricing systems of Bitcoin and gold.Becerra added that there is currently no conclusive evidence to prove this, but related rumors continue to circulate in the market, and the U.S. is closely monitoring the situation. Analysts point out that if a sovereign digital asset system linked to gold emerges in the future, it could have a long-term impact on the existing U.S. dollar-dominated financial system and the pricing logic of crypto assets. However, at present, discussions are still more about policy and market speculation, with short-term impacts on the crypto market primarily driven by sentiment and expected trading.

According to Jinshi reports, Federal Reserve official Barkin stated that the pricing power of businesses is constrained, which is beneficial for controlling inflation.

Tom Lee stated during the podcast "The Compound" this Thursday that the current bear market was triggered by the largest deleveraging event in crypto history that occurred last October (larger than the FTX collapse): a pricing error on a trading platform triggered a chain of automatic liquidations, resulting in over 2 million accounts being liquidated globally, one-third of market makers being destroyed, and a severe blow to the trading platform's balance sheet, causing the entire ecosystem to "limp."Tom Lee also mentioned that the selling pressure has not completely ended, similar to the recovery in 2022 which took 8-12 weeks, but there are currently no obvious signs of a rebound.

According to Bloomberg, cryptocurrency custody company BitGo's IPO on the US stock market is priced at $18 per share, higher than the previous pricing range of $15 to $17. The company is selling 11.8 million shares along with existing shareholders, raising approximately $213 million, with a current market valuation exceeding $2 billion.This IPO is underwritten by Goldman Sachs and Citigroup, and BitGo will be listed on the NYSE this Thursday under the ticker "BTGO," becoming the first cryptocurrency company to complete an IPO in 2026.