Polymarket drives Polygon transaction fee revenue over $1.7 million, has burned over 12.5 million POL

Castle Labs posted on X platform that Polygon has generated over $1.7 million in protocol fee revenue since the beginning of this year and has burned over 12.5 million POL, worth more than $1.5 million.

The main reason for the revenue increase is that Polymarket has started charging for its 15-minute prediction market. In the past 24 hours, Polymarket has contributed over $100,000 in fees to Polygon.