Polymarket Sees Decline In December Trading Volume

According to BlockBeats, data from Dune indicates that the trading volume on prediction market Polymarket reached $1.7 billion in December, falling short of October's $2.28 billion and November's $2.577 billion. Despite the decrease in trading volume, the platform recorded a historic high in active trading users, totaling 309,228 for December. Additionally, there were 231,556 new accounts created during the month. However, the platform's open contract positions also saw a significant decline, dropping from a peak of nearly $500 million ($474 million) to the current $117 million, marking a reduction of over 75%.