Transaction volume exceeds 515 million, can Limitless become the top player in prediction markets?
TechFlow Selected TechFlow Selected
Transaction volume exceeds 515 million, can Limitless become the top player in prediction markets?
Limitless is a high-frequency, short-term trading ecosystem more akin to Deribit or Binance than Polymarket, but operating entirely on-chain.
Navigating Web3 tides with focused insightsWriting: Stacy Muur
Translation: AididiaoJP, Foresight News
@trylimitless remains one of the most serious attempts to transform prediction markets into a trading economy—an area long promised in crypto but rarely executed at scale.
Since launching on Base, Limitless has processed over $515 million in cumulative trading volume, with traders receiving daily rewards for providing liquidity on the order book. The protocol itself has generated approximately $1.9 million in annualized fees and around $600,000 in annualized revenue.
This throughput exceeds that of most neutral DEXs, indicating that on-chain speculation has found its product-market fit.
Built by veterans from trading and DeFi, Limitless combines a central limit order book (CLOB) with fully on-chain settlement, enabling users to speculate on outcomes like "Will BTC close above $65K?" with professional-grade execution, rather than relying on the clunky AMM user experience that hampered early prediction markets.
Core Concept
Prediction markets as trading, not gambling.
Limitless gives them that form: order books, depth, spreads, leaderboards, and incentives—all transparently maintained on Base. Each market is effectively a binary options contract settled entirely on-chain. This design allows users to:
-
Trade hourly, daily, and weekly events
-
Place limit orders and earn liquidity rewards
-
Earn points and leaderboard prizes (Season 2 is ongoing, ending January 26)
The result? A high-frequency, short-term trading ecosystem that feels more like Deribit or Binance than Polymarket—yet runs completely on-chain.
Framework
Product Score: 8.3 / 10
Limitless is live on Base mainnet, offering full on-chain CLOB trading, with confirmed expansion to BNB Chain.
Dune data shows clear user growth:
Total nominal value exceeding $515 million, 1.18 million monthly trades, and approximately 39,000 monthly active traders. With 1-minute markets, fast settlement, and on-chain finality, Limitless has achieved real product-market fit in a space long stuck in experimentation.
Tokenomics Score: 6.2 / 10
Launch & Sale
TGE on October 22, 2025 via @KaitoAI Launchpad (issued 20 million LMTS @ $0.05 → ~$75M FDV).
Raised ~$1M, with committed investments totaling ~$201M (~200x oversubscribed).
Token Supply
-
Total supply: 1 billion LMTS
-
Circulating at TGE: 13.16%
-
Team: 25%
-
Ecosystem: 24.37%
-
Treasury: 13%
-
Liquidity: 10%
-
Kaito: 1.37%
-
Echo: 1.26%
Kaito/Echo: 50% released at TGE; 50% released after 6 months.
Utility: Real-time staking for fee discounts + privileges; ecosystem rewards; and planned fee-funded buybacks designed to return trading value to holders. Governance features will be launched later.
Market Performance
Post-launch volatility was extreme (max drawdown -58%) after reports emerged that a wallet controlled by the team deployed a "concentrated liquidity market maker" on Aerodrome.
The team confirmed tokens remain locked and that the wallet was used for price stabilization, not dumping, but the incident shook confidence. Subsequent on-chain buybacks helped restore trust.
Key point: Structurally sound and utility-clear, but must rebuild credibility through transparent market-making and buyback disclosures.
Backers & Ecosystem Score: 9.0 / 10
$10M seed round (October 2025) led by 1confirmation, with participation from F-Prime, DCG, Coinbase Ventures, Arrington Capital, Maelstrom (Arthur Hayes), Collider, Paper, Node, WAGMI.
Limitless is natively built on Base, benefiting from Coinbase’s ecosystem, with live liquidity on Aerodrome, and airdrops via Wallchain Epochs and Atlantis World.
Deployment on BNB Chain extends its reach to new user bases.
Appeal Score: 8.3 / 10
-
$515 million cumulative trading volume
-
Consecutive monthly volumes of $109 million for two months
-
1.18 million monthly trades / 39,000 active traders
-
1.1 million views on TGE announcement thread
These metrics place Limitless among the most active on-chain exchanges—a rarity for prediction markets.
Community & Narrative Score: 7.0 / 10
Limitless has built a trading-focused community centered around leaderboards and seasons, not memes.
Sentiment dipped after the market-maker wallet incident but rebounded following team disclosures about wallet activity and buyback plans.
Narrative momentum remains strong within speculative finance circles—the concept of "event perps" is becoming the next wave of on-chain speculation.
Market Context Adjustment: +0.3
Macro environment favors risk-taking (Greed Index ≈ 70); Base continues attracting liquidity; the prediction market narrative is accelerating.
Limitless operates in a less crowded niche compared to Polymarket or Kalshi, targeting high-frequency trading over macro bets.
Investment Thesis
-
Real product, real revenue: over $515M in trading volume and visible fee flows
-
Architectural edge: first scalable on-chain CLOB prediction exchange
-
Top-tier backers: 1confirmation, F-Prime, DCG, Coinbase Ventures, Arrington
-
Token flywheel potential: staking + buybacks link trading activity to token demand
-
Network expansion: Base + BNB → cross-ecosystem liquidity
Execution Watchpoints
-
Release a clear market-making policy (wallets, parameters, reporting cycles).
-
Automate and disclose fee buybacks to verify value capture.
-
Secure first CEX listing and deepen liquidity to reduce range volatility.
Overall score: 7.78 / 10. Limitless is a live, revenue-generating prediction exchange with top-tier backing and a transparent product. Now it must prove its tokenomics can scale with its trading volume.
If the team restores confidence through consistent on-chain disclosures and maintains its run rate of over $100M in monthly volume, Limitless won’t just make prediction markets work—it will make them liquid.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
@stacy_muur
