The Block's aggregate data shows that the 2024 prediction market platform Polymarket has achieved exponential growth in several metrics, including active traders, volume, and unpositioned squaring contracts (OIs), and reached an all-time high earlier this year. The platform has accumulated more than $9 billion in volume, with monthly 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; and 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
2025-01-04 01:12:07
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