DefiLlama Incorporates CFTC-Regulated Kalshi into Off-Chain Revenue Dashboard

DefiLlama, a leading platform for decentralized finance metrics tracking, has made a notable addition to its off-chain revenue dashboard.

Kalshi, a prediction market regulated by the Commodity Futures Trading Commission (CFTC), is now integrated into DefiLlama's platform. This move brings in substantial revenue numbers, including $4.84 million in daily revenue and $16.14 million over the past 30 days.

The annualized run rate for Kalshi stands at nearly $197 million, making it a significant player in the prediction market landscape. Kalshi's revenue comes from actual trading fees on binary contracts, distinguishing it from other DeFi protocols that often rely on governance votes, token airdrops, or liquidity mining programs to inflate activity.

The integration of Kalshi into DefiLlama's platform provides a more comprehensive view of the prediction market landscape. This development is particularly notable as it blurs the line between decentralized finance (DeFi) and traditional finance (TradFi) analytics.