The Block's aggregate data shows that the 2024 prediction market platform Polymarket has seen exponential growth across multiple metrics, including active traders, volume, and non-positioned squaring contracts (OI), reaching an all-time high earlier this year.
Cumulative trading volume on the platform exceeded $9 billion, with monthly trading volume reaching an all-time high of $2.63 billion in November alone. The number of active traders reached a new high of 314,500 in December, while unpositioned squaring contracts (OIs) hit an all-time high of $510 million during the US election in November.
Polymarket's monthly volume growth is 66.5% throughout the year. In January 2024, Polymarket's volume was just $54 million, but by November, that figure had risen to over $2.60 billion, a nearly 48-fold increase in one year.
Polymarket 2024 cumulative trading volume exceeds $9 billion
2025-01-03 22:59:21
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