Polymarket's active trading users hit a new high in December, and open interest fell more than 75% from its peak

Dune data shows that the prediction market Polymarket has a trading volume of $1.7 billion so far in December, which is less than October ($2.28 billion) and November ($2.577 billion). In addition, Polymarket had 309,228 active trading users in December, a record high; the number of new accounts reached 231,556. In addition to the decrease in trading volume, the platform's open interest positions have also declined, from a peak of nearly $500 million ($474 million) to the current $117 million, a decrease of more than 75%.