TechFlow news, on August 2, according to The Block, latest data shows that since its launch, the cumulative trading volume on decentralized prediction market platform Polymarket has exceeded $1 billion. From June to July, Polymarket's trading volume surged approximately 58%, increasing from $663 million in June to $1.05 billion.
In July, Polymarket achieved a record-high monthly trading volume of $380 million, primarily driven by wagers on U.S. political events. Currently, Polymarket's open interest stands at around $90 million, with the largest market being bets on the next U.S. president, which has seen trading volume surpass $474 million, accounting for over 45% of the platform's total trading volume.
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