Blockchain
News

Myriad’s Trust Wallet Integration on BNB Chain Could Reach Millions of Users

Loading market data...
BNB
BNB

-

-

Volume (24h): -

(01:39 PM UTC)
6 min read

Contents

1401 views
0 comments

  • Myriad achieves $100 million in cumulative trading volume shortly after launch on BNB Chain.

  • The integration allows Trust Wallet users to trade tokenized outcomes for global events without leaving the app.

  • With over 400,000 active traders and 6.3 million trades, Myriad taps into BNB Chain’s high activity for mass adoption potential.

Discover Myriad’s Trust Wallet integration: a game-changer for prediction markets with $100M volume on BNB Chain. Explore seamless trading for 220M+ users and join the Web3 revolution today.

What is the Myriad Trust Wallet Partnership?

Myriad Trust Wallet partnership introduces a native prediction market directly within the Trust Wallet application, allowing users to engage in trading tokenized outcomes for real-world events effortlessly. This collaboration, announced recently, leverages Trust Wallet’s vast user base of over 220 million to make Web3 prediction markets more accessible. Myriad, built on BNB Chain, has already surpassed $100 million in trading volume since its October launch, marking a significant step in expanding decentralized trading options.

How Does Myriad Integrate with BNB Chain for Prediction Trading?

Myriad’s integration with BNB Chain provides a robust foundation for its prediction market operations, enabling fast and cost-effective transactions that appeal to a global audience, particularly in Asia. Following initial launches on Abstract and Linea, the platform’s BNB Chain debut has driven a 10-fold increase in volume over three months, as reported by Dune Analytics. This setup supports over 400,000 active traders executing more than 6.3 million trades, with features like in-wallet interfaces ensuring low barriers to entry. Experts note that such blockchain integrations are crucial for scaling prediction markets beyond niche crypto users, fostering broader participation in event-based betting and forecasting.

Myriad partners with Trust Wallet to launch as a native prediction marketMyriad is still a relatively small prediction platform, but has set out to become one of the major players in a growing space. | Source: Dune Analytics

Prediction markets like Myriad are evolving rapidly, diversifying from traditional leaders such as Kalshi and Polymarket. The sector has seen renewed vigor post the NFT and meme coin slowdown, with wallet integrations playing a pivotal role in user acquisition. Trust Wallet’s decision to embed Myriad as its inaugural native market positions it ahead of Ethereum and Solana ecosystems, which have partnered with Polymarket via popular wallets. This strategic move not only exposes users to high-engagement activities like trading on elections, sports, and economic indicators but also sets the stage for future additions like Kalshi and Polymarket.

“Trust Wallet is where tens of millions of people begin and manage their crypto experience, so bringing Myriad directly into that flow makes on-chain predictions accessible in a way the industry has never seen before. We are honored to partner and to move this industry forward together,” said Farokh Sarmad, President and co-founder of Myriad. Eowyn Chen, CEO of Trust Wallet, emphasized the transformative potential, stating, “Wallets are becoming the homes for multiple types of trading – not just tokens, but information, opinions, and expectations.” These insights from industry leaders underscore the partnership’s role in democratizing prediction trading.

The broader prediction market landscape is maturing, with platforms focusing on sustainable growth through enhanced user interfaces and blockchain compatibility. BNB Chain’s ecosystem, known for its speed and affordability, aligns perfectly with Myriad’s goals of targeting Asian markets initially before global expansion. Data from on-chain analytics platforms like Dune Analytics highlight Myriad’s impressive metrics: cumulative volume exceeding $100 million, a user base growing exponentially, and transaction counts reflecting high engagement. This contrasts with earlier niche applications, where prediction markets were limited to enthusiasts trading on viral events with minimal stakes.

Historically, prediction markets have combined elements of entertainment, information aggregation, and financial speculation, often yielding accurate crowd-sourced forecasts. The surge in activity following Polymarket’s prominence in November 2024 has spurred innovation across the space. New entrants like Myriad are capitalizing on this momentum by prioritizing seamless integrations, which reduce friction for non-technical users. Wallet providers like Trust Wallet are at the forefront, evolving from simple storage tools to comprehensive trading hubs that encompass diverse DeFi activities, including predictions.

As the industry pushes toward mass adoption, factors like regulatory clarity and technological advancements will be key. Upcoming developments, such as potential IPOs for established players like Kalshi and Polymarket, could further legitimize the sector and attract institutional interest. However, crypto-native platforms maintain an edge through instant settlement and borderless access, free from traditional brokerage constraints. Myriad’s focus on real-world events—ranging from geopolitical outcomes to cultural phenomena—ensures relevance in a dynamic global context.

Frequently Asked Questions

What Makes Myriad’s Trading Volume Milestone Significant for BNB Chain Users?

Myriad’s breakthrough above $100 million in cumulative trading volume demonstrates the platform’s rapid traction on BNB Chain, with a 10x growth in three months. This milestone, driven by over 400,000 active traders and 6.3 million trades, signals strong demand for prediction markets and enhances liquidity for BNB Chain’s ecosystem, making it a go-to for event-based trading.

Why Is the Trust Wallet Integration Important for Everyday Crypto Users?

The Trust Wallet integration brings Myriad’s prediction market right into your wallet, letting you trade on real-world events like elections or sports without switching apps. It’s designed for simplicity, reaching over 220 million users worldwide and making Web3 predictions as easy as checking your balance—perfect for both beginners and seasoned traders seeking quick, on-chain insights.

Key Takeaways

  • Seamless Accessibility: The Myriad Trust Wallet partnership embeds prediction trading directly in the app, serving over 220 million users with an intuitive in-wallet experience.
  • Impressive Growth Metrics: Myriad has hit $100 million in volume on BNB Chain, with 400,000+ traders and millions of trades, highlighting the sector’s vitality post-2024 surges.
  • Future Expansion Potential: Starting with Asian markets, Myriad aims for global reach, while Trust Wallet plans to add more markets like Kalshi, driving broader Web3 adoption.

Conclusion

The Myriad Trust Wallet partnership and its BNB Chain integration represent a pivotal advancement in Web3 prediction markets, combining accessibility with proven growth—evidenced by $100 million in volume and a thriving user base. As platforms like Myriad challenge established players, they pave the way for mainstream engagement in tokenized event trading. Looking ahead, this collaboration promises to accelerate adoption, empowering users worldwide to participate in informed, decentralized forecasting—explore these opportunities to stay at the forefront of crypto innovation.

Gideon Wolf

Gideon Wolf

GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.
View all posts

Comments

Yorumlar

HomeFlashMarketProfile
    Myriad’s Trust Wallet Integration on BNB Chain Could Reach Millions of Users - COINOTAG