Polymarket logs $425 million in daily volume on Feb. 28…surpasses US Election Day record
Summary
- Polymarket’s daily trading volume on Feb. 28 hit an all-time high of $425 million.
- Polymarket’s total trading volume in February topped $7 billion, up about 7.5 times from a year earlier.
- The market sees US-Iran geopolitical tensions and an increase in global political events as having boosted prediction-market demand.
Forecast Trend Report by Period
Decentralized prediction-market platform Polymarket has set a new all-time high in trading volume.
According to data compiled on Dune by on-chain analyst filarm on the 1st (local time), Polymarket’s daily trading volume on Feb. 28 reached $425 million. That exceeds the $371 million recorded on Nov. 6, 2024—US Election Day—marking the largest figure since the platform’s launch.
The monthly record was also rewritten. Nick Tomaino, founder of venture capital firm Confirmation, citing separate data, said Polymarket’s total trading volume in February topped $7 billion. That is roughly a 7.5-fold increase from a year earlier.
Market participants see the recent rise in geopolitical tensions between the United States and Iran, along with an expansion in global political events, as having boosted demand for prediction markets. As uncertainty surrounding major international issues has grown, demand for related bets is seen as having climbed rapidly.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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