Polymarket Trading Volume Reaches $9 Billion

user avatar

by Giorgi Kostiuk

2 years ago

In 2024, Polymarket showcases impressive growth, reaching a record trading volume of $9 billion and increasing active traders to 314,500.

Polymarket: A Record Year

In December 2024, Polymarket's trading volume surpassed $9 billion, with November being the best month at $2.63 billion. The number of active traders reached an all-time high of 314,500.

Factors Behind Polymarket's Success

Open interest at Polymarket peaked at $510 million during the U.S. elections before dropping to $120 million in December. The platform uses a public blockchain, providing transaction transparency and security.

Crypto.com's Prediction Market Plans

Crypto.com announced plans to launch a sports prediction service similar to Polymarket's product. The new service will be regulated by the U.S. Commodity Futures Trading Commission.

Leveraging the advantages of decentralized structures has significantly strengthened Polymarket's market position. Meanwhile, similar services, such as the upcoming product from Crypto.com, promise a new wave of sector development.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Plex Media Server Vulnerabilities Exploited for Cryptojacking

Attackers are exploiting vulnerabilities in Plex Media Server to install unauthorized cryptocurrency miners and a Linux proxy backdoor.

user avatarTomas Novak

Super League Shareholders Approve Metaplanets Bitcoin Treasury Proposal

Super League shareholders approved a proposal for Metaplanets to contribute 2,100 BTC and $25 million to a new US-listed Bitcoin treasury platform.

user avatarKaterina Papadopoulou

Sophon Sets Withdrawal Deadline Ahead of Mainnet Shutdown

Sophon has set a deadline for users to withdraw their assets by November 25 ahead of the shutdown of its standalone chain.

user avatarMaya Lundqvist

Large Hyperliquid Trader Rebuilds Ethereum Short After Significant Losses

A trader on Hyperliquid rebuilt a substantial Ethereum short position worth approximately $16 million after incurring losses of around $469,000.

user avatarLeo van der Veen

Tron Surpasses Ethereum and Solana in Blockchain Fee Revenue

Tron has generated approximately $234 million in chain revenue over the past 30 days, surpassing Ethereum and Solana.

user avatarLi Weicheng

New Reporting Requirements Proposed for Crypto Holders in France

A proposed amendment would require crypto holders to declare self-custodied assets worth over €100,000, with penalties for non-compliance.

user avatarTenzin Dorje

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.