Data

Polymarket's Rise: A New Era in Prediction Markets

In the first half of 2024, Polymarket emerged as one of the most successful crypto consumer apps. Leveraging blockchain, it offers prediction markets on politics, economics, and global events. 

Since May 2024, daily active users (DAU) skyrocketed from under 300 to over 2,000. The first #US presidential debate triggered a record spike in activity. 🇺🇸🗣️

Daily transactions increased 7x, peaking at over 22,000 on June 28th. Monthly volume surpassed $100M for the first time in June. 📊

The rise in DAU and transactions didn't match the volume growth, indicating an influx of users with lower financial means or risk tolerance. 🤔

Check out this in-depth analysis on Polymarket backed by Dune Data! 

🔗 https://dune.com/blog/polymarkets-rise-a-new-era-in-prediction-markets

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/ before: @dune.eth metrea.aero