Data: Polymarket's cumulative trading volume in 2024 exceeds 9 billion dollars
ChainCatcher news, according to aggregated data from The Block, the 2024 prediction market platform Polymarket has achieved exponential growth in multiple metrics, including active traders, trading volume, and open interest (OI), reaching historical highs earlier this year.The platform's cumulative trading volume has exceeded $9 billion, with a monthly trading volume of $2.63 billion in November setting a new historical record; the number of active traders in December reached a new high of 314,500; while open interest (OI) hit a historical high of $510 million during the U.S. elections in November.Polymarket's monthly trading volume growth rate for the year was 66.5%. In January 2024, Polymarket's trading volume was only $54 million, but by November, this figure had risen to over $2.6 billion, an increase of nearly 48 times within a year.