Kalshi Hits $2B Annual Revenue Run-Rate in Prediction Market Surge

Four cross-sector beats surfaced in this week's project update roundup, spanning prediction markets, L2 scaling, DeFi leadership, and a high-profile bank call on UNI.

Kalshi, the CFTC-regulated prediction market, has reportedly hit a $2 billion annual revenue run-rate — a milestone that pulls event-contract trading firmly into mainstream finance territory and frames the venue as a credible peer to retail-broker futures platforms.

Matter Labs, the team behind zkSync, has conducted layoffs, a retrenchment that arrives as L2 economics tighten and competition from Base, Arbitrum, and Optimism pressures transaction-fee margins across the rollup stack.

Andre Cronje, the DeFi architect behind Yearn and Fantom, has left Sonic Labs — a notable departure from a chain whose positioning has leaned heavily on his technical credibility.

Separately, Standard Chartered has published a call that UNI could reach $100, framing governance-token value capture as the catalyst rather than fee-switch mechanics alone.