CoinVoice has recently learned that, according to aggregated data from The Block, multiple indicators for the 2024 prediction market platform Polymarket have achieved exponential growth, including active traders, trading volume, and open interest (OI), reaching historic highs earlier this year.
The platform's cumulative trading volume has exceeded $9 billion, with a monthly trading volume of $2.63 billion reaching a historic high in November alone; the number of active traders in December reached a new high of 314,500; and open interest (OI) set a historic high of $510 million during the U.S. elections in November.
Polymarket's monthly trading volume growth rate for the year was 66.5%. In January 2024, Polymarket's trading volume was only $54 million, but by November, this number had risen to over $2.6 billion, growing nearly 48 times within a year. [Original link]