Tuesday, November 19, 2024

Polymarket survives post-election drop-off although quantity falls 60%

Polymarket, the main platform for prediction markets, exhibited groundbreaking exercise throughout its markets over latest months. With the US presidential election, main sporting occasions, and vital crypto milestones as central matters, the info illustrates vital person drop-off after the election. Nonetheless, quantity and exercise principally stay in an upward pattern even with out the landmark market.

Polymarket user activity (Source: Dune Analytics API)
Polymarket person exercise (Supply: Dune Analytics API)

Per Dune Analytics knowledge, Polymarket recorded peak engagement for the “Presidential Election Winner 2024” market, with each day person participation exceeding 49,000 within the days surrounding the election. Sporting occasions just like the Champions League and the Tremendous Bowl have additionally seen robust curiosity.

Particularly, the “Tremendous Bowl Champion 2025 market” maintained regular person participation and each day figures persistently reaching the 1000’s. This reinforces the platform’s post-election means to draw a broad viewers base past monetary and political predictions, tapping into mainstream leisure and sports activities.

Different markets, which primarily relate to potential crypto value actions, additionally garnered constant traction, reflecting the platform’s attraction amongst contributors looking for market-aligned insights.

Buying and selling volumes inform a parallel story, with the US Election producing disproportionate curiosity. As detailed within the knowledge, the cumulative buying and selling quantity surpassed $2.4 billion month-to-month, signaling a strong intersection of finance, hypothesis, and socio-political developments.

Polymarket monthly volume (Source: Dune Analytics API)Polymarket monthly volume (Source: Dune Analytics API)
Polymarket month-to-month quantity (Supply: Dune Analytics API)

Nonetheless, month-to-date November knowledge suggests a fall to round $80 million per day, down from the $300 million common throughout the lead-up to the election. Nonetheless, if the US election markets are faraway from the evaluation, there’s nonetheless a continued each day improve in person exercise.

Polymarket daily volume (Source: Dune Analytics)Polymarket daily volume (Source: Dune Analytics)
Polymarket each day quantity (Supply: Dune Analytics)

Polymarket’s efficiency throughout these months and continued curiosity in markets exterior US politics highlights its persistence within the prediction market area and knowledge indicating robust person engagement and vital buying and selling volumes.

Present tendencies, subsequently, counsel the crypto prediction market bubble has not popped for the reason that finish of the US election. Whereas person interplay has fallen considerably, the info is actually encouraging.

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