Myriad Protocol, the multichain protocol designed to power prediction markets, has officially launched on Ethereum Layer-2 network Linea. The deployment represents what company leadership describes as a significant step forward in their broader multichain strategy.
Loxley Fernandes, co-founder and CEO of Myriad’s parent company DASTAN, expressed enthusiasm about the partnership. “Predictions now have a home on Linea,” Fernandes stated, noting that the Linea team is preparing to push hard on creating additional resources for Ethereum users while making waves in the space.
Strategic Multichain Expansion
DASTAN co-founder and COO Ilan Hazan characterized the integration as a “huge milestone” for Myriad in a blog post announcing the development. The protocol support for Linea will enable Myriad to scale more efficiently, bringing prediction contracts to hundreds of thousands of monthly active users while establishing the foundation for future multichain expansion.
.@DecryptMedia is now on @LineaBuild !
No need to create a new account, send funds to another address etc… just read the news, connect your favorite wallet and place your prediction with @MyriadProtocol — simple UX now accessible to decrypt’s millions of monthly readers.… pic.twitter.com/hwNpnBbZyM
— Ilan Hazan (@ilanhz) July 31, 2025
The Linea launch comes approximately six months after Myriad’s initial deployment on Abstract. Hazan emphasized that the company isn’t abandoning its previous platform, clarifying that “we’re not moving from Abstract, we’re just extending.” The protocol will continue powering Myriad Markets on Abstract while simultaneously supporting implementations across other blockchain networks.
According to Hazan, the company views different chains as distinct ecosystems rather than simple alternatives. “If we need to move to another chain to address another ecosystem, another community, it makes sense to do it—and then we scale,” he explained.
Building the Future of DeFi Infrastructure
Speaking on Rug Radio’s FOMO Hour, Fernandes outlined the broader vision behind Myriad’s development. The goal was never to create a single, limited destination but rather to establish prediction contracts as a fundamental component of the decentralized finance landscape, similar to how ERC-20 tokens function today.
“It was really to look at prediction contracts much in the way that ERC-20s exist, and that is as a new class of DeFi products,” Fernandes said. He emphasized that regardless of where users operate or maintain their on-chain capital, Myriad aims to provide opportunities to participate in this emerging category of financial products.
The development team is currently working on an extensive product pipeline, with Fernandes indicating significant progress on the distribution front. The company’s mission involves creating infrastructure that fundamentally changes how people consume, create, and distribute content globally, with future plans including restaking capabilities.
DASTAN co-founder and President Farokh Sarmad suggested that stakeholders should dramatically expand their expectations for the platform’s potential impact. “Whatever you thought about Myriad, you’ve got to think 10x bigger at this stage,” Sarmad stated.
Market Implications
The expansion to Linea demonstrates growing institutional confidence in Layer-2 solutions and prediction market protocols within the DeFi ecosystem. This development could signal increased adoption of prediction-based financial products as the infrastructure matures across multiple blockchain networks.
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