Shayne Coplan, founder of Polymarket, shared a flattering comparison of his platform’s revenues with those of Hyperliquid, hinting he has “something to say” at TOKEN2049 in Singapore. DefiLlama data confirms that Polymarket generated 9.88 million dollars in fees on September 26-27, compared to 2.92 million for Hyperliquid. However, the gap narrows significantly during weekdays, and Polymarket leads by about 30 % over the full month of September, with 93.6 million versus 72.2 million dollars in fees. No POLY token has been announced, and recent hires for chief financial officer and compliance roles suggest preparations for a stock market listing rather than an imminent token launch. Additionally, 69 % of retail accounts lose money on the platform.
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