Today, Polymarket, a decentralized prediction platform, had a record-breaking trade volume of more than $5 million. Furthermore, according to Dune statistics, the number of daily active users on the site has topped 1,000, which is a record high since October 2023.
Users of Polymarket can wager on a variety of events, including sports, elections, and cryptocurrency values. There is increasing interest in decentralized prediction markets, as seen by the platform’s recent spike in trading volume and daily active users. These systems let users trade on the blockchain and make predictions, providing an alternative to conventional financial and betting markets.
