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Polymarket Hits Record High in December Active Traders: 2024 Report
Polymarket, the prediction market platform, has achieved a record high in active traders for the month of December. According to recent data from Dune Analytics, Polymarket recorded an unprecedented number of active users this month.
Despite experiencing a decline in trading volume compared to October ($2.28 billion) and November ($2.577 billion), which saw a trading volume of $367 million on November 6 during the U.S. presidential election, Polymarket has reached a remarkable milestone by having the highest number of active traders in December.
This significant growth in user engagement is a testament to the platform’s ability to adapt to market trends and capitalize on emerging opportunities. The data also indicates that open interest peaked at nearly $500 million ($474 million) before falling to $117 million, showcasing a substantial decrease.
It is worth noting that the majority of bettors currently predict that Bitcoin will reach $90,000 in December, following an earlier prediction that it would hit $100,000.
Source: www.cryptonewsz.com
