Polymarket
On January 5th, 2026, Polymarket started charging trading fees on 15-minute crypto price prediction markets. Despite this fee, the ETH, BTC, and SOL 15-minute price markets saw their average daily volume rise by an average of 32% in the month following the change. However, the 1-hour markets, which were not subject to the fee, grew by 105%, indicating that some users shifted their trading activity there.
Daily Volume by Market
Capitola ResearchNumber of Unique Traders
Capitola ResearchUnique Traders Impact: Following the fee switch, 15-minute markets saw a 129.7% increase in average daily unique traders, while 1-hour markets experienced a 249.8% increase, reflecting the migration of trading activity to fee-free markets.
User Segmentation - Daily User Counts
Capitola ResearchUser Segmentation - Daily Volume
Capitola ResearchDaily Fee Revenue by Market
Capitola ResearchTotal Fee Revenue
Total Revenue Since Fee Switch:
$4,567,965.76
Calculated from daily net fees collected since January 5th, 2026
Includes BTC, ETH, SOL, and Other 15-minute markets
Volume Change: Pre-Fee vs Post-Fee
| Crypto Asset | Market Duration | Pre-Fee Volume | Post-Fee Volume | Change | Change % |
|---|---|---|---|---|---|
| BTC | 15min | $914,204,290 | $1,232,340,978 | $318,136,688 | 34.8% |
| ETH | 15min | $302,146,998 | $445,061,599 | $142,914,602 | 47.3% |
| SOL | 15min | $89,616,435 | $102,506,883 | $12,890,448 | 14.4% |
| BTC | 1hr | $151,234,382 | $324,998,048 | $173,763,666 | 114.9% |
| ETH | 1hr | $56,221,790 | $122,825,518 | $66,603,728 | 118.5% |
| SOL | 1hr | $30,606,260 | $55,435,667 | $24,829,407 | 81.1% |