Summary
- Polymarket announced that last year's trading volume grew 48 times, reaching $2.63 billion.
- In November, Polymarket's open interest hit a record high of $510 million.
- The number of active traders on Polymarket also reached a record high of 314,500 in December last year.
Last year, the decentralized prediction platform Polymarket saw significant growth in active traders, trading volume, and open interest (OI).
On the 3rd (local time), The Block reported, "Last year, Polymarket showed remarkable growth," stating, "In January last year, the monthly trading volume was around $54 million, but by November, it had grown 48 times to $2.63 billion." It continued, "In November, Polymarket's open interest reached an all-time high of $510 million," adding, "The number of monthly active traders also surged from 4,000 at the beginning of last year to a record high of 314,500 in December."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
