With a trading volume exceeding 515 million, can Limitless become the "number one player" in the prediction market?

Written by: Stacy Muur

Compiled by: AididiaoJP, Foresight News

@trylimitless is still one of the most serious attempts to transform prediction markets into a trading economy, a field that has long been committed to in the crypto space but rarely executed on a large scale.

Since its launch on Base, Limitless has processed over $515 million in cumulative trading volume, with traders earning daily rewards for providing liquidity on the order book. The protocol itself generates approximately $1.9 million in annual fees and about $600,000 in annual revenue.

This is higher than the throughput of most neutral DEXs, indicating that on-chain speculation has found its product-market fit.

Limitless is built by veterans from the trading and DeFi sectors, combining a centralized limit order book with on-chain settlement, allowing users to speculate on outcomes like “Will BTC settle above $65,000?” with professional-level execution, instead of using the clunky AMM user experience that has hindered early prediction markets.

Core Concept

Prediction markets are more like trading than gambling.

Limitless has given them this form: order books, depth, spreads, leaderboards, and incentives, while transparently keeping everything on Base. Each market is essentially a fully on-chain settled binary options contract. This design allows users to:

Trade events hourly, daily, and weekly

Provide limit orders and earn liquidity rewards

Earn points and leaderboard bonuses (Season 2 is currently ongoing, until January 26)

What is the result? A high-frequency, short-term trading ecosystem that feels more like Deribit or Binance, rather than Polymarket, but operates entirely on-chain.

framework

Product Rating: 8.3 / 10

Limitless has been launched on the Base mainnet, offering complete on-chain CLOB trading, and it has been confirmed that it will expand to the BNB Chain.

Dune data shows significant user growth:

A total nominal value of over $515 million, 1.18 million monthly transactions, and approximately 39,000 monthly active traders. With a 1-minute start, fast settlement, and on-chain settlement, Limitless has achieved a true product-market fit in this field that has long stagnated in the experimental phase.

Tokenomics Rating: 6.2 / 10

Launch and Sales

TGE (issuing 20 million LMTS @ $0.05 → approximately $75 million FDV) will be conducted through @KaitoAI Launchpad on October 22, 2025.

Raise approximately 1 million USD, with a committed investment amount of about 201 million USD (approximately 200 times oversubscribed).

Token Supply

Total supply of 1 billion LMTS

TGE circulation 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 aimed at returning trading value to holders, with governance features to be introduced later.

Market performance

After reports emerged that the wallet controlled by the team deployed a “centralized liquidity market maker” on Aerodrome, the volatility post-release was very severe (maximum drawdown -58%).

The team confirmed that the tokens are still locked, and that the wallet is used to stabilize the price rather than to sell off inventory, but the incident shook confidence, and subsequent on-chain buybacks helped restore trust.

Key points: The structure is reasonable and the utility is clear, but credibility must be rebuilt through transparent market making and buyback disclosures.

Supporters and ecosystem rating: 9.0 / 10

$10 million seed round funding (October 2025) led by 1confirmation, with participants including F-Prime, DCG, Coinbase Ventures, Arrington Capital, Maelstrom (Arthur Hayes), Collider, Paper, Node, WAGMI.

Limitless is natively built on Base, benefiting from Coinbase, and has real-time liquidity on Aerodrome, while also conducting airdrops through Wallchain Epochs and Atlantis World.

The deployment of BNB Chain has extended its reach to new user groups.

Attractiveness Score: 8.3 / 10

$515 million cumulative trading volume

$109 million for two consecutive months

1.18 million transactions per month / 39,000 active traders

1.1 million TGE theme post views

These data place Limitless among the best-performing on-chain exchanges in terms of activity volume, which is rare for market predictions.

Community and Narrative Rating: 7.0 / 10

Limitless has established a trader community focused on trading, centered around leaderboards and seasons, rather than memes.

After the market maker wallet incident, sentiment has declined, but there was a rebound after the team disclosed the wallet activities and the buyback plan.

In the speculative financial movement, the narrative remains strong, and “perpetual contracts” are becoming the next wave of on-chain speculation.

Market background score adjustment: +0.3

The macro environment leans towards risk appetite (Greed Index ≈ 70); Base continues to attract liquidity; the narrative of the prediction market is accelerating.

Limitless operates in a less crowded space than Polymarket or Kalshi, with a focus on high-frequency trading rather than macro betting.

Investment thesis

Real products, real income, over $515 million in trading volume and visible fee flow.

Architectural advantages: The first on-chain CLOB prediction exchange to achieve scalability.

Leading supporters: 1confirmation, F-Prime, DCG, Coinbase Ventures, Arrington

Token Flywheel Potential: Staking + Buyback Links Trading with Token Demand

Network Expansion: Base + BNB → Cross-Ecosystem Liquidity

Execute observation point

Publish clear market-making policies (wallet, parameters, reporting period).

Automate and disclose fee buybacks to verify value capture.

Ensure the first CEX listing and increase depth to reduce price volatility.

The overall rating is 7.78 / 10. Limitless is a real-time, revenue-generating prediction exchange with top supporters and transparent products. The current task is to prove that its token economy can match its trading volume.

If the team restores confidence through continuous on-chain disclosures and maintains its monthly operating rate of over 100 million USD, then Limitless will not only make the prediction markets operate but also make them liquid.