Polymarket 5-Minute Markets Hit $200mn Weekly Volume, Chainlink's Eid Says

The contracts form part of a broader push by Chainlink to expand its role across prediction markets, retail platforms and central bank initiatives, Eid said in a post on X.

Five-minute Bitcoin and Ether contracts have gained traction across centralized exchanges, where traders use them for short-term speculation and hedging around volatility events. These products typically exhibit high turnover relative to open interest, as traders repeatedly roll positions within the same trading session. The short duration reduces overnight risk and appeals to momentum-driven strategies.

Polymarket’s reported weekly volume suggests similar appetite on decentralized prediction venues. The data indicate that demand for compressed expiry contracts is expanding beyond traditional derivatives exchanges into onchain markets.

Polymarket did not respond to a request for comment at time of publication.

Crypto prediction market

Polymarket partnered with Chainlink in September 2025 to integrate Chainlink’s data feeds and automation tools into its market resolution process. The integration seeks to provide low-latency price data and automated settlement for asset pricing markets.

That infrastructure supports near real-time resolution of deterministic markets, including Bitcoin price outcomes at predefined timestamps. The five-minute contracts build on that framework by compressing expiry windows to intraday intervals.

Polymarket, which operates on the Polygon blockchain, has positioned price-based markets as a core growth area following its acquisition of a US-regulated exchange and clearinghouse in 2025 to support its return to the US market.

In January, Polymarket introduced taker fees on its short-duration cryptocurrency markets, marking a shift from its previously fee-free model. The fees apply to high-frequency markets such as 15-minute Bitcoin contracts and are designed to incentivize market makers and support tighter spreads in fast-moving contracts.

Institutional focus to retail YOLO

The new volume figures contrast with comments made by Chainlink co-founder Sergey Nazarov in November 2025, when he said institutional adoption could drive a tenfold increase in transaction value enabled on the network.

At the time, Nazarov highlighted tokenization, cross-chain interoperability and integration with traditional financial institutions as the primary growth engines. He cited partnerships with banks, asset managers and market infrastructures.

Since then, Chainlink has expanded into central bank experiments, including participation in the Bank of England’s settlement trials, while also deepening its footprint in retail oriented venues such as Polymarket and Robinhood.

Predictions for the price of Chainlink’s flagship token, LINK, have attracted less interest than the major crypto tokens, with about $26,300 of open interest as of 23 Feb. 

LINK is down about 30% in the past month as the broader crypto market has struggled and was trading close to $8.50 at 16:30UTC on Monday, compared with about $27 in August 2025.