According to Dune data from Odaily Planet Daily, the on-chain prediction market Polymarket had a transaction volume of over $62.649 million in May. Joey Krug, partner of Founders Fund, posted on the X platform: "Polymarket's transaction volume in May exceeded $62 million. I have always believed that for prediction markets based on cryptocurrencies, the standard for strong product-market adaptability is a transaction volume of $10 million per week. If this level can be reached, its products have the potential to achieve $100 million and above (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 (transaction volume) per month." Earlier in May, it was reported that 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 Founders Fund led its $45 million Series B round. General Catalyst earlier helped the company raise $25 million in a Series A round.
