Forecast market TVL hits a new high, surpassing $550 million, with Polymarket locking in $330 million in the lead

CoinVoice · 2026-01-22T02:52:47+00:00

According to DefiLlama data, the total locked value in the crypto prediction market broke through $550 million this week, reaching a new all-time high. Polymarket leads with approximately $330 million in TVL, while Kalshi's weekly trading volume reached $2.2 billion, setting a new record. Recently, Polymarket started charging fees, and its revenue performance has been impressive.

CoinVoice

2026-01-22 02:52:47

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According to the latest information from CoinVoice, data from DefiLlama shows that the total locked value (TVL) in the crypto prediction market surpassed $550 million this week, reaching a new all-time high and exceeding the previous peak during the 2024 US presidential election cycle.

Polymarket leads with approximately $330 million in TVL, followed by OPINION ($155 million) and Predict Fun ($21.7 million). In terms of trading volume, Kalshi, which mainly operates off-chain, topped the list with 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 started charging fees on some markets. On January 12, its single-day revenue hit a record $109,300, before falling back 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, mainly generated from sports markets.

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