FeesSafety
Pluang+

Polygon loses main revenue source as Polymarket plans to leave, risking network's future fees.

Protocol Fundamentals
28 Sep 2026, 21:17 WIB
CryptoTicker
View Source
Bearish
Polygon loses main revenue source as Polymarket plans to leave, risking network's future fees.

Polygon, once a leading low-fee Ethereum alternative, now depends heavily on one protocol, Polymarket, which accounts for 83.6% of its $37 million monthly fees. Polymarket has announced plans to leave Polygon for its own chain, seeking better control over fees and block times. This departure threatens Polygon's main revenue stream, leaving the network with a smaller ecosystem focused on payments, stablecoins, and tokenized collectibles. Investors should watch for Polymarket's migration date, as it will significantly impact Polygon's revenue and token value, which is currently 90.8% below its 2024 peak.

Polygon's ecosystem changes provide context for cryptocurrency market trends on Pluang. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Sep 29, 2026 00:41 WIB: out of 50 major cryptocurrencies, 11 rose and 38 fell today. Notable movers include SXP at Rp37 with a -46.27% change, ALGO at Rp2.441 with a +16.52% change and balanced order activity, and BAL at Rp16.297 with an +11.14% change and a typical hold time of 85 days.

More News

Beer Institute honors 16 top U.S. beer industry professionals with 2026 BEST IN BREW awards

Beer Institute honors 16 top U.S. beer industry professionals with 2026 BEST IN BREW awards

The Beer Institute recognized 16 outstanding professionals with its 2026 BEST IN BREW Honors, celebrating their exceptional contributions across brewing, supply chain, and leadership roles in the U.S. beer industry. This annual award highlights the d...

Neutral
51 minutes ago
REalloys advances rare earth metal production with U.S. Army lease deal, targets magnet output by 2030

REalloys advances rare earth metal production with U.S. Army lease deal, targets magnet output by 2030

REalloys Inc. reported a net loss of $30.5 million in Q3 2026 but made significant progress by signing a non-binding term sheet with the U.S. Army for a heavy rare earth processing facility at Tooele Army Depot, Utah. The company is advancing its met...

Company Fundamentals
Bullish
51 minutes ago
Modern Mining Technology starts trading on NYSE American, recycling metals from e-waste.

Modern Mining Technology starts trading on NYSE American, recycling metals from e-waste.

Modern Mining Technology Corp. began trading on the NYSE American after raising nearly $40 million in an IPO. The company recovers valuable metals like gold, silver, and copper from electronic waste using a proprietary process, avoiding traditional m...

Market News
Bullish
51 minutes ago
Michelin reports total voting rights and shares as of October 31, 2026, including treasury shares.

Michelin reports total voting rights and shares as of October 31, 2026, including treasury shares.

Michelin has disclosed the total number of voting rights and shares composing its capital as of October 31, 2026. The company reported 691,516,292 shares, with theoretical voting rights totaling 980,363,359 and exercisable voting rights at 960,075,64...

Company Fundamentals
Neutral
1 hour ago
Michelin discloses total voting rights and shares as of October 31, 2026

Michelin discloses total voting rights and shares as of October 31, 2026

Michelin has announced the total number of its voting rights and shares as of October 31, 2026. The company has 691,516,292 shares and 960,075,649 voting rights, considering 20,287,710 treasury shares. This disclosure complies with French regulations...

Company Fundamentals
Neutral
1 hour ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App