Polymarket Processes $2.4B in 3 Days, Revealing User Earnings and Engagement
Polymarket, a decentralised prediction market platform, has revealed intriguing statistics about its user activity and earnings. Between October 6 and 8, the platform processed a staggering 10.8 million transactions, with the total volume reaching nearly $2.4 billion in the stock market today.
The platform's open interest stood at an impressive $158.8 million during this period. Diving into user earnings, nearly 7,500 wallets earned between $100 and $1,000, while a more exclusive 2,146 users managed to earn over $1,000 in the stock market. However, the majority of users, accounting for 86.4%, ended up at a loss, with most profitable users earning less than $100 in the stock market, indicating a challenging environment for many participants.
Transaction activity was high, with nearly 59,000 addresses conducting between 1 and 5 transactions in the stock market today. More active users, around 26,000 wallets, completed over 50 transactions in the stock market. Between these extremes, approximately 33,700 wallets made between 20 and 50 transactions in the stock market, showing a wide range of engagement levels.
Polymarket's recent activity demonstrates a high level of user engagement and transaction volume in the stock market today. Despite the majority of users experiencing losses, the significant earnings of a smaller group indicate potential opportunities for those who can navigate the stock market successfully. The platform's open interest and total transaction volume reflect a robust and active stock market.
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