Polymarket, a leader in prediction markets, has seen explosive growth in website traffic, surpassing well-known decentralized finance (DeFi) platforms such as Uniswap, dYdX, Compound, and GMX.

This significant traffic surge was driven by the overwhelming public interest in the U.S. presidential election, particularly surrounding the battle between former President Donald Trump and Vice President Kamala Harris. Betting boom on potential matchups.

The uncertainty and impact of this political event not only aroused the curiosity of market participants, but also ignited their enthusiasm for making predictions and bets on Polymarket.

Polymarket traffic surges beyond DeFi giants

The latest data shows that the average daily visits to the Polymarket platform have soared to nearly 300,000, and the average user stay time is more than 6 minutes, which is far ahead in the DeFi field.
Meanwhile, Uniswap has an average of 130,000 visits per day, with an average visit time of 5 minutes and 21 seconds. The second and third largest DeFi platforms only account for a very small portion of the visits, with only GMX breaking the 10,000 mark.

According to data from Dune Analytics, Polymarket saw significant growth in cumulative bets in July, surging to $1.03 billion from $673 million in June, a staggering increase compared to $283 million in the same period in 2023. This growth trend is closely related to a series of recent major news events, including the news that Harris may win the Democratic nomination and the assassination attempt on Trump, which have greatly stimulated the interest and betting enthusiasm of market participants.

Trump-Harris showdown sparks betting boom at Polymarket

On the political prediction market Polymarket, the potential matchup between Trump and Harris has become the focus of users. Since the incumbent President Joe Biden announced his withdrawal from the Democratic primary, Kamala Harris's chances of winning the party's nomination have more than doubled in just one week, soaring from 18% to 43%.

Source: Polymarket

Despite this, Donald Trump remains the favorite among the big bookmakers, with a 55% chance of winning, although that dropped after Trump attended a National Association of Black Journalists (NABJ) event, from a 59% chance.

Polymarket’s interactive maps and market trend analysis tools show an uncertain and competitive election season. Currently, Republicans are in a favorable position to fight for the presidency and control of the Senate, while Democrats are expected to retain control of the House of Representatives.

However, in key swing states, Republicans took the lead in Arizona, Georgia, and Pennsylvania, while Democrats maintained control in Michigan. Every turn of this election has attracted high attention and active trading on Polymarket. #特朗普 #哈里斯 #Polymarket #DeFi #赌注平台

Conclusion:

Polymarket’s surge in betting on the Trump-Harris showdown not only highlights the growing influence of prediction markets in the financial sector, but also reflects the public’s high interest in political events. As the election season continues to unfold, the active trading on this platform indicates that prediction markets may become a new trend in future political betting.

With the surge in betting and user participation, prediction markets are becoming an important tool for gaining insight into political dynamics and influencing global financial markets. The election competition between Trump and Harris will undoubtedly continue to attract the attention of global investors on Polymarket and become a force that cannot be ignored in this political game.