According to Odaily Planet Daily, Dune data shows that the on-chain prediction market Polymarket had a transaction volume of more than 62.649 million US dollars in May. Joey Krug, partner of Founders Fund, said: "Polymarket's transaction volume in May exceeded 62 million US dollars. I have always believed that for cryptocurrency-based prediction markets, the standard for strong product market adaptability is a weekly transaction volume of 10 million US dollars. If this level can be reached, its products have the potential to achieve 100 million US dollars and more (transaction volume). I think the market will heat up further as we enter the election season. Congratulations to Polymarket and Shayne Coplan."

Polymarket CEO Shayne Coplan retweeted his tweet and said: "The next goal is to reach $100 million in monthly (transaction volume)." Earlier in May, Polymarket had completed two rounds of financing totaling $70 million. The latest round of financing was led by Founders Fund and others, and Ethereum co-founder Vitalik Buterin and others participated. A Polymarket spokesperson said that Founders Fund led its $45 million Series B financing. General Catalyst earlier helped the company raise $25 million in Series A financing.