The data performance of the prediction market is surprising - Polymarket's daily trading volume has exceeded Pump.fun, and the cumulative transaction volume has also surpassed the latter's peak level in March '25. Not only that, but Polymarket and Kalshi's valuations have rushed to the order of 10 billion dollars.

What about the crypto market? On the contrary, we can't see the scene of MemeCoin's national carnival in 24-25 years.

Behind this is actually a contest between the two routes. The wave of VC coins rose fiercely in 22 to 23, but the popularity was always almost interesting, far less than the viral momentum of MemeCoin last year. One is pushed by the institution, and the other is spontaneous by the community, and the results are judged.

Now it's the turn of community-led prediction markets.