Data: Polymarket's cumulative transaction volume in 2024 will exceed US$9 billion
According to <ChainCatcher> data, the prediction market platform <Polymarket> saw exponential growth in various metrics in 2024, including active traders, trading volume, and open interest (OI), reaching historic highs earlier this year. The platform has accumulated over $9 billion in total trading volume, with a record-high monthly trading volume of $2.63 billion in November. In December, the number of active traders reached a new high of 314,500. Open interest (OI) also hit a record high of $510 million during the US elections in November. <Polymarket>'s monthly trading volume growth rate was 66.5% for the full year. In January 2024, <Polymarket>'s trading volume was only $54 million, but by November, it had surged to over $2.6 billion, a nearly 48-fold increase in one year.
