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ETH $2,353.12 +0.92%
BNB $632.46 +1.69%
XRP $1.44 +2.20%
SOL $88.27 +4.02%
TRX $0.3241 -0.79%
DOGE $0.0984 +3.04%
ADA $0.2569 +3.67%
BCH $449.19 +2.12%
LINK $9.52 +3.30%
HYPE $44.00 -2.58%
AAVE $115.68 +9.52%
SUI $0.9971 +2.84%
XLM $0.1688 +5.19%
ZEC $333.22 -3.11%

poly

Polymarket predicts a 46% probability that SpaceX's IPO closing market value will exceed $2 trillion, and the first subscription for Gate Pre-IPOs SPCX will begin

Gate, as the first centralized exchange to connect to Polymarket, shows that the probability of a closing market value forecast of over $2 trillion for the SpaceX IPO is about 46%, making it the highest probability option currently.It is reported that Gate has launched the first phase of the Pre-IPOs project, SpaceX (SPCX). The subscription for this phase of SpaceX (SPCX) will be open from April 20, 2026, 18:00 to April 22, 18:00 (UTC+8), supporting participation in both USDT and GUSD. After the subscription is completed, the SPCX asset certificates are expected to be distributed before April 22, 22:00 (UTC+8) and will enter pre-market trading in a 100% unlocked form, with pre-market trading starting at April 24, 18:00 (UTC+8). The total subscription amount is 33,900 SPCX, with a total value of approximately $20.01 million, a unit price of $590, corresponding to an implied valuation of about $1.4 trillion.In terms of participation mechanism, Gate Pre-IPOs adopts "average locked amount per hour" for allocation, emphasizing early participation weight. The minimum participation threshold is 100 USDT, and no handling or custody fees are charged. Gate Pre-IPOs will continue to focus on early participation opportunities for high-quality projects before listing, providing users with a new entry point to access global quality assets.

After the pricing reform, Polymarket's trading fees in the first week of Q2 reached 7.1 million USD, which may account for 96.8% of the trading fee share in on-chain prediction markets

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.
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