Polymarket surge lifts Polygon fees above Ethereum

Polygon posted higher daily transaction fees than Ethereum over the past three days, marking the first time the network has led on this metric. Token Terminal data shows $407,100 in fees on Friday, compared with Ethereum’s $211,700, and $303,000 on Saturday versus $285,000.

Daily transaction fees track how much users pay to process activity on a blockchain. The crossover followed increased usage on prediction market Polymarket on Polygon.

Matthias Seidl, co-founder of Ethereum analytics platform growthepie, linked the surge to Polymarket, writing in a post on X that it was “fully driven by Polymarket.”

Data shared by Seidl indicates Polymarket generated just over $1 million in fees on Polygon over the past seven days. The next most active application, Origin World, accounted for about $130,000 over the same period.

Polygon noted the activity as well. In a Saturday post on X, the team reported more than $15 million in wagers on a single Oscars market on Polymarket and referenced more trustless agents deploying on the network to trade on these markets.

Polymarket, launched in 2020, runs on Polygon and lets users bet on outcomes of real-world events. Prediction markets have drawn renewed interest since the last U.S. election cycle, prompting several crypto firms to introduce competing platforms and integrations.

As we reported earlier, Polymarket filed U.S. trademark applications for POLY and $POLY on February 5, 2026, seeking protection for branding tied to a potential crypto token and related trading and payment services, as the prediction market faced fresh legal challenges.