The prosperity of prediction markets goes without saying, from Polymarket, which ignited public opinion on the eve of the U.S. election, to Football.Fun, which broke through on the Base chain at a crazy pace, different products are seizing the high ground of the narrative in different ways.

Today, the trading volume of prediction markets remains at over 50% of the peak in 2024. Whether it's turning a football star's popularity into tradable shares, turning the price of BTC one minute later into a battleground, or turning the news comment section directly into a betting arena, prediction markets are penetrating crypto narratives and everyday user life at an unprecedented pace.

Who will be the next Polymarket? Who can continue to lead in trading volume, user numbers, and capital attention? BlockBeats has selected and organized several prediction market platforms in this article.

Footballdotfun

The hottest prediction market project this weekend is undoubtedly Footballdotfun on Base. In just two weeks since its launch, it has achieved a single-day trading volume of over $14.85 million and a total value locked (TVL) of over $10 million, attracting over 10,000 active wallet addresses.

The design concept of Football.Fun is very clear: it aims to transform fans' passion for football into tradable on-chain assets by tokenizing football players into tradable "shares," allowing users to invest and trade their favorite players like trading stocks.

On the platform, each professional player is tokenized into "shares," with prices fluctuating based on market demand and the player's performance in real-life matches. Users can participate by spending a very low cost, with the initial share price as low as $0.0125. The "Gold" coin, an in-game currency, is pegged 1:1 with USDC.

The current Top Player Cards are Lamine Yamal and Mbappé, with market values of $7.583 million and $6.446 million, respectively.

Unlike traditional football managers who require complex lineup management, Football.Fun's mechanism is more intuitive: as long as users hold shares of a player, they can automatically participate in the weekly tournaments without manually adjusting the lineup. A player's performance in real matches translates into point rewards and player card prices.

The Tournament is another major feature of Football.Fun. The platform automatically holds two events every week, divided into midweek matches and weekend matches. The system automatically selects each user's optimal lineup to participate in the competition. After the matches, double rewards are distributed: on one hand, owners of the best-performing player shares can receive player rewards; on the other hand, the platform also establishes team rewards, where the top ten guilds can receive an additional 19% of the prize pool. This reward structure not only motivates individual players to carefully select players but also further promotes the activity of the community and guild ecosystem.

In terms of technical architecture, Football.Fun fully leverages the performance advantages of the Base Network, achieving low fees and instant settlement. The platform isolates user assets from team funds through smart contracts to ensure transparency and security. To prevent supply imbalances, it has introduced an automatic issuance mechanism called "Motty," which only releases new player shares when market demand rises. Coupled with a 5% fixed transaction fee, this system provides stable revenue for operations while preventing excessive speculation. In mid-August, the team also launched the "Jeet Jail" anti-dump mechanism, specifically designed to limit short-term speculation and maintain a healthy market development.

Behind the project is a small but resourceful team. Founder Adam (@AdamFDF_) is not only a prominent figure in the crypto gaming community WolvesDAO but also actively involved in product development and community advocacy. From feature iterations, anti-bot mechanisms to transparent tournament scoring, Adam is directly engaged. Marketing lead Caleb Rebelo is responsible for driving user growth and referral programs.

The company's registered entity is Sport.Fun Panama Corp., which has received significant industry support in terms of financing and resources. In July 2025, Football.Fun completed a $2 million seed round financing, with investors including 6th Man Ventures, Zee Prime Capital, Sfermion, etc. Shortly after the financing news was announced, the team kicked off the launch plan in a high-profile manner.

The project's timeline can be described as "rapid." The financing was completed in mid-July, and the on-chain player pack sale started in early August at 20 USDC per pack, containing four player shares. On August 11, the platform officially opened to the public on the Base network; two days later, the first batch of ten players went live for trading; on August 15, the "Jeet Jail" anti-dump mechanism was introduced; from August 18 to 20, the first official tournaments were successfully held; on August 23, the platform announced a trading volume breakthrough of $10 million; just one day later, the daily trading volume set a record of $14.85 million, and the TVL also exceeded $10 million. This series of high-density iterations and data bursts is a rare phenomenon in the Web3 gaming field.

The data more intuitively illustrates Football.Fun's explosive growth. Within two weeks of launch, the platform's cumulative transaction fee income exceeded $1.5 million, and the total market value of player shares reached $935 million. The most popular star players among fans, such as top player Lamine Yamal, saw their share market value surpass $10 million, Mbappe once reached $8.5 million, while Salah, Haaland, and Kane also ranked in the top five. On social media, Football.Fun's official account saw its followers grow from 20,000 to over 30,000. On-chain data indicates that there were over 80,000 deposits and participation from over 9,000 unique addresses in a single day, establishing high activity levels within the Base ecosystem.

Football.Fun has achieved several remarkable records. It became the fastest game on the Base network to surpass $10 million TVL and $15 million daily trading volume, accomplishing this feat in just 14 days after going public. The platform also set the record for the highest daily trading volume of any game application on the Base network and achieved the highest transaction frequency record with over 80,000 on-chain deposits in a 24-hour period. It is not only the highest trading volume game application on the Base network but also a benchmark case for on-chain fantasy sports.

TryLimitless

Another platform competing with Football.Fun for the title of the largest trading volume on the Base network is Limitless.

Limitless's unique product features revolve around ultra-short-term trading, offering single asset price threshold markets (e.g., "Will BTC's closing price at 9:00 AM Eastern Time be above $111,000?") and Negrisk multi-choice range markets. Expiry times range from 1 minute to 1 day, catering to various risk preferences and trading strategies. The platform has also introduced a liquidity provider reward mechanism that proportionally distributes daily USDC incentives based on order book depth and proximity to the mid-price. The mobile-first user interface launched in July 2025 alongside a points program.

In terms of its business model, Limitless generates revenue by charging transaction fees on win-loss shares while also planning to introduce a token and points system to incentivize liquidity and capture protocol value.

The team and funding behind Limitless are also worth mentioning. Co-founder and CEO CJ Hetherington previously served as a cryptocurrency journalist for the Financial Times and now leads the Limitless Labs company. In July 2025, BitMEX co-founder Arthur Hayes joined the project through his family office, Maelstrom, both as an investor and a strategic advisor, bringing deep derivatives trading expertise and industry influence to the platform.

In terms of funding, Limitless has completed a total of $7 million in two funding rounds. The first round was a $3 million seed round led by 1confirmation. On July 1, 2025, the company completed a $4 million strategic round, with investors including Coinbase Ventures, Maelstrom (Arthur Hayes), Collider, Node Capital, Paper Ventures, Public Works, Punk DAO, WAGMI Ventures, and angel investors from the Base Ecosystem Fund. The funds from this round will be primarily used for the upcoming TGE and the launch of the point system.

From on-chain data performance, Limitless has shown strong performance on the Base network. Despite the platform's total locked value on Base being around $416,000, accounting for only 17% of the protocol's total TVL (with the overall chain TVL being around $2.4 million, where Arbitrum holds 82% and Linea less than 1%), the trading turnover is very high. In the three months since the mainnet launch in May 2025, the cumulative trading volume deployed on Base has exceeded $250 million, demonstrating a high capital efficiency. The platform has handled "hundreds of thousands of bets," with daily active wallets ranging from 1,000 to 3,000.

However, there have been concerns raised by users such as DeFiGuyLuke (@DeFiGuyLuke) and lil SK (@SKbigSteppppa) about serious and blatant data manipulation by Limitless: the platform has launched many markets with very clear outcomes that do not charge fees, such as the BTC price market within 1.5 hours, providing a result that is highly unlikely to occur or has already occurred. This has led to a large number of arbitrageurs engaging in volume manipulation arbitrage, creating a false impression of data prosperity.

MyriadMarkets

Myriad Markets is an on-chain prediction market plug-in platform with a focus on news content, under the umbrella of Decrypt's parent company DASTAN. As a holding company, DASTAN currently owns two renowned blockchain media brands, Decrypt Media and Rug Radio, providing Myriad Markets with a unique advantage of media resource integration. Users can directly participate in prediction markets through social media, news websites, and other common mediums, covering multiple areas such as cryptocurrency, politics, sports, and entertainment.

The platform's core mechanism is built on an Automated Market Maker (AMM) bonding curve model rather than a traditional order book system. This design ensures that users can trade shares at any time even in low liquidity scenarios. As users add or remove shares, the constant function of the AMM automatically reprices to maintain the balance of the liquidity pool.

Myriad Markets supports various market types, including binary choice (yes/no), categorical choice (multiple outcomes), and scalar choice (range), catering to different types of prediction needs. All outcomes are settled through on-chain oracles, and if an event is canceled, users' betting funds will be refunded. From a technical architecture standpoint, Myriad Markets employs a multi-chain deployment strategy, primarily operating on the Abstract L2 network and also deployed on the Linea network. The upcoming "Liquidity Hub" will aggregate cross-chain liquidity pools to enhance the price discovery mechanism.

One of Myriad Markets' most innovative features is its browser extension, with the Chrome extension currently having over 60,000 users. This extension can inject a prediction widget on any page, such as X(Twitter), YouTube, major news sites, allowing users to trade without leaving the current site and earn point rewards through reading, sharing, or answering quizzes.

This embedded media integration feature is its key differentiating advantage. Decrypt articles will directly render prediction widgets related to the content within the article body, while Rug Radio podcasts will display real-time odds information during the show. This "content-native" mode transforms passive consumption into active participation, while driving traffic to the Myriad Markets platform.

In terms of the team background, Myriad Markets is under DASTAN Inc., a holding company formed in 2024 after the merger of Decrypt and Rug Radio. Publicly known executives include CEO Loxley Fernandes and President Farokh Sarmad, both frequently featured in Decrypt's coverage of Myriad Markets. This natural integration of media resources provides the platform with a powerful marketing and user acquisition advantage.

In terms of funding support, Verda Ventures led a strategic investment round in July 2025, with the specific amount undisclosed. However, the investor clearly supports Myriad Markets' "content-native" concept. The acquisition of this investment has demonstrated institutional investors' recognition of the platform's innovative model, providing financial security for future development.

In terms of the business model, Myriad Markets adopts a dual-settlement currency system. The point system is used for non-transferable in-app rewards, supporting task completion, reputation building, and leaderboard competition. The USDC market is used for real-money betting, with the platform taking a cut of the transaction volume as a fee, positioning forecast fees as a new source of media revenue. Additionally, the platform expands its revenue prospects through sponsored tasks, brand tournaments, and the potential token issuance hinted at in the DASTAN ecosystem roadmap.

From market performance data, the Myriad Markets platform has attracted 415,000 Abstract wallet registrations, processed 1.2 million predictions, seen USDC transaction volume exceed $2 million, and reached an active wallet count equivalent to 26% of Polymarket's.

On Twitter, the prediction market sector has regained attention, with Myriad Markets often mentioned alongside Polymarket and Kalshi. Community expectations for airdrops are also a significant driver of engagement. Community members widely anticipate that Rug Radio holders may receive a substantial token distribution at TGE, driving speculative enthusiasm. Furthermore, the platform's deep integration with Abstract Chain has received positive feedback, allowing users to earn on-chain native experience points while making predictions, effectively enhancing user stickiness through this dual incentive mechanism.

From user feedback, traders appreciate the platform's hedging opportunities and diverse narrative (sports, macro, crypto), but occasionally question the depth and liquidity of niche markets. Some users emphasize the attractive odds for specific macro scenarios, indicating a perceived value proposition compared to traditional betting venues. In the future, Myriad Markets' main challenge will be maintaining liquidity depth and broad user retention once the airdrop incentive measures wane.

fantasy_top

Fantasy.top is an innovative SocialFi trading card game platform that allows users to collect hero cards representing real cryptocurrency KOLs. These cards are scored and engaged in competitions based on the influencers' actual performance on X/Twitter, and users can earn profits through market trading.

The project was initially launched on the Blast Network and successfully migrated to the Base Network in July 2025, combining the traditional fantasy sports concept with blockchain technology to provide users with a unique social finance gaming experience.

According to Dune Analytics data, the Fantasy.top platform accumulated protocol fees totaling $7.05 million, with these fees primarily generated on Blast before migrating to the Base Network in July 2025. The platform attracted over 32,000 unique wallet registrations, a figure derived from tracking addresses interacting with the Fantasy.top smart contract, including card minting, pack opening, and market trading activities. The cumulative trading volume exceeded 1,800 ETH, and during the platform's peak period (mid-May 2024), the weekly active wallet count reached 21,500.

However, the platform also faced significant user attrition challenges. Starting from the peak in May 2024, the number of active wallets decreased by about 80%, dropping to around 2,000 by June 2025, while the protocol fees decreased by 93%, plunging from over $2 million at the peak to around $200,000. This sharp decline prompted the team to make the strategic decision to migrate from Blast to the Base Network.

The migration process showcased the platform's technical strength and user loyalty. During the migration window from July 15-21, 2025, approximately 18,400 Fantasy NFTs (representing 62% of the minting supply) successfully bridged from Blast to the Base Network, while around $3.6 million worth of ETH also completed cross-chain transfers, representing about 80% of the remaining in-game funds. In the first five weeks post-migration, the average weekly active addresses on the Base Network were 4,500, indicating early signs of recovery.

In terms of product mechanics, Fantasy.top adopted a unique hero card system, transforming real-world cryptocurrency influencers into trading cards of different rarity levels. The cards are categorized into Common, Rare, Epic, and Legendary tiers, with the rarity determining the scoring multiplier. The platform's revenue distribution mechanism is innovative, where influencers ("heroes") receive 1.5% of secondary market trading fees and 10% of pack sale revenue, effectively binding KOLs to the platform's trading activities through a direct profit-sharing mechanism.

In terms of fundraising, Fantasy.top has demonstrated strong capital attraction. In December 2024, the platform completed a $4.25 million seed round, led by DragonFly Capital with participation from Manifold. Early strategic round investors also include well-known institutions and angel investors such as Fabric Ventures, Alliance DAO, and gmoney. This round of funding has provided ample financial support for the platform's technical development, user acquisition, and reward pool.

Regarding the team structure, Fantasy.top is led by a founder and CEO using the alias Travis Bickle. Despite the founder's use of an alias, the team has shown a professional level of performance in product development and strategic execution, successfully managing a complex cross-chain migration process and establishing close collaboration with the Base ecosystem. Currently, the platform has signed partnership agreements with over 250 KOLs, with each hero card representing a fee-sharing agreement.

On the user experience front, the free game mode introduced in the V3 version has reduced the barrier to entry for new users, allowing users to test the game mechanism without an initial investment. Community members appreciate the smoother gaming experience and lower cost after the migration, but some concerns have been raised about the liquidity imbalance of low-level hero cards, with some players reporting the need for multiple re-listings to find buyers.

noise_xyz

The Noise.xyz platform continuously captures social media data from X/Twitter, news, forums, and other sources, leveraging advanced natural language processing models to generate a "Relative Attention Index" (RAI) for each trending topic. This index is then mapped to synthetic assets that support up to 5x leverage for long and short positions.

Compared to traditional prediction markets, Noise's settlement does not rely on objective event outcomes but on the narrative's popularity, enabling higher liquidity and capital turnover. With technical support for high-frequency price feeds and real-time settlement, the narrative price can fluctuate continuously like a futures curve, opening up a new trading dimension for market makers and quantitative strategies.

Founder and CEO Gabriel Carafa brings extensive algorithmic trading experience, co-founder Luca Cordova Stuart previously worked in data engineering, and co-founder Liangchen Zhou has a deep background in cryptocurrency research. The team is headquartered in New York, maintaining a lean structure of 2-10 individuals, focusing on product development and technological innovation.

In terms of funding, Noise successfully completed a $6.99 million seed round on July 22, 2025, as per SEC filings, with the actual funding amount reaching $7.1 million and involving 46 investors. Key investors included Anagram from the Cayman Islands and the well-known venture capital firm Figment Ventures.

From a technical architecture perspective, Noise chose to deploy on the high-performance Layer 2 network MegaETH. This choice provided the platform with sub-millisecond confirmations, 10-15 millisecond block times, and a high throughput of 100,000 transactions per second, laying a solid technical foundation for real-time trend pricing. The protocol currently uses Kaito's "Mind-Share Oracle" as the primary attention data feed, providing a price feed every 10-15 milliseconds to ensure real-time and accurate attention scores. While the current setup uses a centralized solution for result determination, the roadmap indicates a future shift towards decentralized oracle sourcing to further enhance system trustworthiness and decentralization.

The product V1 of Noise is currently invitation-based, where users, upon connecting their wallets, can browse current trending topics, view RAI curve changes, and execute long or short positions with a single click. The platform offers flexible leverage options from 1 to 5x, a perpetual funding rate mechanism, and robust liquidation protection, with an overall interface design more akin to a decentralized exchange rather than a traditional prediction market. It currently supports crypto projects like Monad, Farcaster, and various contract types related to macro narratives such as AI and Memecoin popularity, with plans to expand into broader areas like culture, sports, and current affairs in the future.

From a business model perspective, Noise is building a sustainable economic model through multiple revenue streams. Primary revenue sources include transaction fees (maker/taker fees), funding rate spreads, and a forthcoming "Attention Liquidity Provider" mining project. The platform has not issued a native token yet, with protocol fees denominated in USDC. The team has mentioned potential governance incentive tokens in the future, but specifics of the tokenomics have not been extensively disclosed on the roadmap.

It is worth noting that since Noise is currently in a closed testing phase and operates in an off-chain mode, its smart contracts have not been deployed or validated on the mainnet, rendering traditional on-chain metrics such as transaction volume, TVL, active users, etc., temporarily inaccessible through blockchain explorers or analytics platforms. Nevertheless, according to Bankless reporting, Noise is among the top 5 most active decentralized applications on MegaETH, with the testnet daily transactions surpassing 10,000 in the early stages, indicating strong user engagement and product appeal.

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