Polymarket reveals: Only 12.7% of user wallets are profitable, and the reasons behind it are thought-provoking!
On-chain data shows that the user profitability of the decentralized prediction market platform Polymarket is staggering-only 12.7% of user wallets are profitable, and most users' earnings are even less than $100. According to Layerhub's analysis, 149,383 (87.3%) of the 171,113 crypto wallets failed to make a profit, showing the fierce competition and challenges in the market.
Among the users who have confirmed profits, only 2,138 wallets have a profit of more than $1,000, and most of the profits are concentrated between $0-100. With the frequent occurrence of global events, Polymarket's trading volume exceeded 300,000 transactions from October 6 to 8
It is worth noting that not all crypto wallets represent independent users, and many traders make high-risk bets through multiple wallets to increase their chances of profit. Despite the different trading frequencies of participants, the total value of open contracts in Polymarket is still as high as $161.1 million.
In the world of crypto, there are winners and losers, and the real challenge is finding your place.
