The on-chain prediction platform Polymarket has introduced ultra-short markets, allowing users to wager on the rise or fall of Bitcoin and Ethereum prices within 15-minute intervals.
According to the project, trading volume surpassed $2 M within the first few hours. The new system is powered by Chainlink data feeds and uses Data Streams and Automation technology, enabling real-time price updates and automatic contract settlements without delays.
“Trades are settled instantly, with no fees and no liquidation risk, making the format similar to binary options but with full on-chain transparency,” the project explained.
Polymarket stated that its collaboration with Chainlink aims to create new “instant” markets with maximum data protection. The integration is already live on the Polygon network and supports hundreds of crypto pairs connected to Chainlink Data Streams.
The head of growth at NFT project Rootlets, known as Gidwell, commented that Polymarket’s new markets “will literally glue users to their screens,” regardless of whether the market is rising or falling.
According to analyst Cheta, Polymarket demonstrates how DeFi can attract a mass audience even when users don’t fully realize they are interacting with decentralized infrastructure.
Polymarket and Chainlink entered into a partnership on September 12. Representatives of the project noted that the launch of 15-minute betting markets is only the first step in their joint effort to build a new generation of on-chain prediction markets.
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