The increased thermal strength polymer proppant and method for producing the same relate to the oil and gas production technology using materials of high-molecular compounds, especially to proppants of polymer materials with high requirements for the physical and mechanical characteristics, utilized as propping granules in the oil and gas production by a method of hydraulic fracturing. The proppant is made of a metathesis-radically cross-linked mixture of oligocyclopentadienes and methylcarboxy norbornene esters. The proppant represents microspheres having a roundness and sphericity of at least 0.9 for no less than 80% by weight, whose average size being in the range 0.25-1.1 mm and a bulk density being in the range of 0.5-0.7 g/cm3. The technical result is an increase in thermal strength of the proppant material, providing for a compressive strength of at least 150 MPa at a temperature of not less than 100° C.