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🧵 Polymarket's Rise: A New Era in Prediction Markets In the first half of 2024, Polymarket emerged as one of the most successful crypto consumer apps. Leveraging blockchain, it offers prediction markets on #politics, #economics, and #global events. Let's dive in! 🌐📈 🧐 How Polymarket Works Users buy shares representing different outcomes of future events. Prices fluctuate based on demand, reflecting the collective prediction of an event's likelihood. 📈🔮 Since May 2024, daily active users (DAU) skyrocketed from under 300 to over 2,000. The first #US presidential debate triggered a record spike in activity. 🇺🇸🗣️ Daily transactions increased 7x, peaking at over 22,000 on June 28th. Monthly volume surpassed $100M for the first time in June. 📊 The rise in DAU and transactions didn't match the volume growth, indicating an influx of users with lower financial means or risk tolerance. 🤔 Check out this in-depth analysis on Polymarket backed by Dune Data! 🔗 https://lnkd.in/eK_SucHz

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Arnaud Simeray

GTM Lead @ Dune | Enterprise SaaS Sales Leader | Crypto Data | PLG/SLG

2w

Nick Tomaino must appreciate it!

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