Polygon Flips Ethereum in Daily Fees as Polymarket Oscar Betting Hits $15M

Polygon Flips Ethereum in Daily Fees as Polymarket Oscar... Polygon Flips Ethereum in Daily Fees on Polymarket Surge The post Polygon Flips Ethereum in Daily Fees as Polymarket Oscar Betting Hits $15M appeared first on Cryptonews. Polygon just pulled off something no one saw coming. It flipped Ethereum in daily transaction fees. For the first time ever.On Friday alone, Polygon brought in about $407,100 in fees. Ethereum? Around $211,700. That is almost double.Activity on Polymarket has exploded, and prediction markets are suddenly turning into serious revenue engines.Key Takeaways Polygon generated $407,100 in daily fees, surpassing EthereumâEUR(TM)s $211,700 for the first time. Polymarket drove the surge with $15 million wagered on a single Oscars betting category. The platform accounted for over $1 million in generated fees on the Layer 2 network in just seven days. What Is Driving the Fee Flip?The reason is simple, Polymarket. Oscars pulled in serious retail flow, with more than $15 million wagered on a single category over the weekend.Source: DefiLlamaPolygon did not climb the fee charts by accident. Almost all of the recent growth came from Polymarket activity, which generated over $1 million in network fees in just a week.Compared to Polymarket, the next biggest app on Polygon barely made a dent.Polygon vs Ethereum: The Numbers Behind the ShiftOver the weekend, Polygon briefly pulled ahead in daily fees before the gap tightened again, with both chains trading blows within a narrow range. Polygon just hit an all-time high in daily USDC transactionsAnd it's not even close. 12M+ daily USDC txs on Polygon Every other chain? Below 3M Market Context The cryptocurrency market remains highly dynamic, with digital assets experiencing significant price movements driven by institutional adoption, regulatory developments, and technological innovations. Investors should consider both the potential rewards and risks associated with crypto investments. Key Takeaways Stay updated on cryptocurrency market developments and price movements Monitor regulatory news that could impact digital asset valuations Consider risk management strategies for volatile crypto investments Published: February 17, 2026 | Source: CryptoNews