Polymarket sets a new high for active trading users in December, with open contract positions declining by over 75% from the peak

According to BlockBeats news on December 30, data from Dune shows that the trading volume of the prediction market Polymarket has reached $1.7 billion in December so far, which is less than October ($2.28 billion) and November ($2.577 billion).

Additionally, the number of active trading users on Polymarket in December reached 309,228, setting a new historical high; the number of new accounts reached 231,556. Aside from the decrease in trading volume, the platform's open contract positions also declined, dropping from a peak of nearly $500 million ($474 million) to the current $117 million, a reduction of over 75%.