Polymarket Regains Momentum with $1B Monthly Volumes in May

Polymarket’s prediction platform has reasserted its dominance, surpassing $1 billion in monthly trading volumes for the first time since January. The platform’s four-month growth streak underscores its resilience in the crypto space, achieving organic expansion without reliance on airdrops.

While competitor Kalshi struggles with declining volumes around $14 million, Polymarket continues to attract high-value bets and refine its market pairs. Daily active users hover NEAR 30,000, with whale activity closely monitored. Though volumes remain below October 2024 peaks, current activity dwarfs Q2 2024 levels by tenfold.

The platform’s strategic hires, including former Coinbase designer Kevin Shay, signal ambitions beyond speculative trading. Polymarket’s gradual expansion contrasts with the volatile swings typical in prediction markets, suggesting sustainable product-market fit.