Polymarket Surpasses $10B in Cumulative Prediction Market Volume

Polymarket has achieved a significant milestone by surpassing $10 billion in cumulative prediction market volume. The platform has successfully rebuilt its betting positions, reaching this impressive total despite facing bans and restrictions in certain regions. Polymarket remains one of the top 5 applications on the Polygon network, significantly driving the usage of USDC. The platform has expanded its reach by incorporating small-scale bets, which has attracted a larger number of active wallets. This growth has been instrumental in Polymarket's ability to thrive, catering to both high-stakes 'whale' bets and smaller-scale users. All predictions are posted directly on the Polygon network as token trades, which has also served as a stress test for the Polygon Proof of Stake (POS) network. As a result, daily transactions on Polygon have surged from approximately 1 million at the end of October to over 3.4 million since November.