In a mixed bag of results, Polymarket, a prediction market, has reported a record high number of active trading users in December, while its trading volume and open interest have declined. According to data from Dune, the platform’s trading volume for December reached $1.7 billion, down from $2.28 billion in October and $2.577 billion in November.
Record User Growth
Despite the decline in trading volume, Polymarket saw a significant increase in user activity. The number of active trading users in December reached 309,228, a record high, while the number of new accounts created during the month was 231,556.
Decline in Open Interest
However, the platform’s open interest has taken a hit, falling from a peak of nearly $500 million ($474 million) to the current $117 million, a decrease of more than 75%. This decline in open interest, combined with the decrease in trading volume, suggests a slowdown in market activity.
Source: BlockBeats news, Dune data
Source: M.theblockbeats.info
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