search
Homeweb3.0Polymarket Continues to Hit All-Time Highs in Lead-Up to 2024 U.S. Election
Polymarket Continues to Hit All-Time Highs in Lead-Up to 2024 U.S. ElectionOct 27, 2024 am 12:28 AM
GrowthPolymarket Post-Election Events

Based on Dune Analytics’ latest figures, the prediction market Polymarket’s October volume has soared to over three times what it was in September.

Polymarket Continues to Hit All-Time Highs in Lead-Up to 2024 U.S. Election

Prediction market platform Polymarket has seen a massive surge in trading activity this October, with a 3x increase compared to the previous month. According to Dune Analytics, Polymarket's trading volume reached an impressive $1.612 billion as of Oct. 26. This marks a significant increase from the $503.88 million recorded in September.

With just five days remaining in October, the platform's trading activity is poised to reach even greater heights. Notably, Polymarket's monthly active traders have also soared, reaching 163,140 in October, up from 80,514 in September.

On Oct. 24, the platform achieved new all-time highs for both daily volume and active traders. Furthermore, open interest on the platform has also reached an all-time peak of over $287 million as of Oct. 26.

Dune Analytics' data reveals that a large proportion of the trading activity on Polymarket is related to the upcoming U.S. election, with an astonishing 76% to 91% of all trading volume being driven by election-related bets. These bettors also account for a substantial 76% of weekly users on the platform.

However, it's also worth noting that non-election volume on Polymarket also reached a high on Oct. 7, indicating some diversification among traders on the platform.

Polymarket's strong momentum is expected to continue in the lead-up to the election, but once Election Day passes on Nov. 5, the landscape could shift quickly. It will be fascinating to observe how this activity holds up post-election and whether prediction markets continue to garner interest as other major global events unfold.

The above is the detailed content of Polymarket Continues to Hit All-Time Highs in Lead-Up to 2024 U.S. Election. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
The Visionary Leader: Kapil Siwach, CEO of Minati CoinThe Visionary Leader: Kapil Siwach, CEO of Minati CoinJul 28, 2024 am 03:44 AM

Kapil Siwach has been working with blockchain technology for over six years! He's not just the CEO of Minati Coin. He's a mastermind who creates successful business plans that benefit Minati and its users.

Intel Markets (INTL): The Next 11x Crypto in 2024?Intel Markets (INTL): The Next 11x Crypto in 2024?Aug 24, 2024 am 06:10 AM

As the crypto market changes over time, people will always look for new opportunities to earn. One good sign is that a well-known analyst

Polymarket Surpasses $1B in Trading Volume, Election Speculation Drives SurgePolymarket Surpasses $1B in Trading Volume, Election Speculation Drives SurgeAug 01, 2024 am 06:01 AM

Polymarket, a leading crypto betting platform, has achieved a significant milestone, surpassing $1 billion in trading volume.

Step into the Thrilling Arena of Meme Coins, Where Surprises Are Standard and the Next Blockbuster Is Just a Leap Away!Step into the Thrilling Arena of Meme Coins, Where Surprises Are Standard and the Next Blockbuster Is Just a Leap Away!Aug 01, 2024 am 03:11 AM

Today, we delve into Dogecoin’s market struggles, Hamster Kombat’s dynamic debut, and MOONHOP’s extraordinary ascent.

Election Day Betting on Polymarket: Where Democracy Meets Digital Dollars and Data Is the Name of the GameElection Day Betting on Polymarket: Where Democracy Meets Digital Dollars and Data Is the Name of the GameNov 06, 2024 am 10:14 AM

Polymarket is one of the few spaces where real money meets real-time data. And on Election Day, this marketplace is a frenzy of hot takes, data points

Polymarket Bettors See 84% Chance of Donald Trump Starting His Own TokenPolymarket Bettors See 84% Chance of Donald Trump Starting His Own TokenSep 14, 2024 am 12:10 AM

The bump came as Trump said he would launch the family-helmed World Liberty Financial project on Monday.

Lawmakers Call on CFTC to Ban Gambling on American ElectionsLawmakers Call on CFTC to Ban Gambling on American ElectionsAug 06, 2024 am 09:51 AM

A group of U.S. lawmakers, led by Oregon Senator Jeff Merkley, has called on the Commodity Futures Trading Commission to ban gambling on American elections.

Polymarket Is Huge Success for Polygon Blockchain – Everywhere But the Bottom LinePolymarket Is Huge Success for Polygon Blockchain – Everywhere But the Bottom LineOct 25, 2024 pm 09:23 PM

One of the major breakout successes this year for the team behind layer-2 blockchain Polygon is Polymarket – the decentralized predictions market where users have flocked this year to place bets on everything from presidential politics to the conclus

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
2 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
Repo: How To Revive Teammates
1 months agoBy尊渡假赌尊渡假赌尊渡假赌
Hello Kitty Island Adventure: How To Get Giant Seeds
4 weeks agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

mPDF

mPDF

mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

MinGW - Minimalist GNU for Windows

MinGW - Minimalist GNU for Windows

This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.

Atom editor mac version download

Atom editor mac version download

The most popular open source editor

SublimeText3 Linux new version

SublimeText3 Linux new version

SublimeText3 Linux latest version