In June, Polymarket’s trading volume reached $1.16 billion, marking a 9.4% increase compared to May and the highest figure since January’s $1.26 billion, reports The Block.
The number of new markets on the platform increased by 21.4%, reaching a record 7,990. This indicates an expansion of Polymarket’s thematic range, which was previously more focused on political events.
Meanwhile, the number of active traders fell by 9.4% to 242,000, which is 47.6% below the peak of 462,000 recorded in January.
The Block attributes the divergence between volume growth and user decline to changes in trader behavior. The remaining traders are placing larger bets.
The average trading volume per account rose from $2,700 in January to $4,800 in June, indicating deeper engagement by a smaller group of “experienced” users.
Back in March, an expert assessed Polymarket’s prediction accuracy at 94%.
Later, journalist Colin Wu reported that a whale was manipulating the platform’s markets.