The prediction market has evolved into "agent warfare."

▌predictfun is backed by Binance

▌MYRIAD is backed by WLFI and Consensys

You might be unfamiliar with @MyriadMarkets, let me explain.

1/ The relationship between MYRIAD and Consensys

The Web3 media Decrypt was founded in 2018, initially incubated by Consensys Mesh, and became independent in 2022;

The Web3 podcast and creator community Rug Radio was born during the 2021 NFT bull market, founded by foreign KOL Farokh Sarmad.

At the end of 2023, Decrypt merged with Rug Radio, falling under the parent company Dastan.

In September 2024, Dastan launched the prediction market MYRIAD.

2/ MYRIAD and WLFI

Today, MYRIAD announced it has become the first prediction market fully powered by USD1.

This exclusive deep binding is extremely unusual.

From a business logic perspective, it is certainly not just a simple API integration, as there may accompany very deep bindings, such as WLFI potentially having invested in MYRIAD.

(This is my guess, I do not take responsibility for this speculation)

From the macro perspective of WLFI, this is a core break from the application scenarios in the "stablecoin hegemony war."

3/ The final battle of stablecoins: "Distribution is king"

In today's highly homogeneous underlying assets, the stablecoin sector has entered a brutal stage of "channel distribution and scenario capture is king."

We are witnessing three distinctly different distribution paths:

▌USDT (King of Downward Distribution): Its distribution is deeply rooted in vast over-the-counter trading, relying on millions of transactions on the Tron network every day, USDT has thoroughly penetrated anti-inflation in Latin America, global cross-border trade, and even gray and black market settlements. This level of capillary penetration is extremely strong.

▌USDC (Top-Down Approach): Takes a top-down institutional route. In order to secure the world's largest compliant deposit and withdrawal channel, Circle pays Coinbase up to 700 million to 1 billion dollars in "toll fees" annually. This is a typical strategy of spending huge amounts to buy out core distribution nodes.

▌WLFI's breakthrough attempt: Facing the already divided OTC and exchange channels, WLFI chooses to bet on high-frequency on-chain native scenarios.

MYRIAD may just be the beginning; in the future, we will witness more possibilities for WLFI.

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