Polymarket Trading Volume Hits Record High Amid POLY Token Launch and U.S. Return Plans
Polymarket had more than 477,000 active traders in October, which was the most users it had ever had in a month. This is a 48% increase from September and higher than the previous high of roughly 462,000 traders established during the 2024 .
The platform also had more than $3 billion in trade volume per month, which was double the amount from the month before and a new record for prediction market participation. The led to the introduction of new markets, with a significant increase in the number and variety of event-driven prediction markets that users can wager on.
POLY Token News Causes a Spike
The launch and airdrop of the platform’s native cryptocurrency, , are closely related to the rise in activity on Polymarket. The launch of POLY motivated current users and drew in new ones who wanted to take part in the initial distribution and take advantage of additional chances that arose as liquidity grew.
People are still interested in the protocol because they expect more and the ecosystem to flourish in the future. This keeps activity high for the medium term.
Plans to Re-Enter and Grow in The U.S. Market
Polymarket’s aspirations to return to the U.S. market have excited both traders and investors. They promise to reach more users and have more liquidity. The news comes at a time when prediction markets are getting more explicit rules from regulators.
This puts in a better position for long-term growth and greater use in the regulated financial world. The re-entry is expected to lead to more long-term engagement and give consumers more direct access to U.S.-based trade events.
Rally and Fundraising Momentum Across The Industry
Polymarket’s growth happened at the identical time as growth in the prediction market sector as a whole. Kalshi, a competitor, also had a record month, with $4.4 billion transacted and more interest from at valuations over $10 billion.
Polymarket is reportedly considering a fundraising round that could make the firm worth $15 billion. This would make market makers and liquidity providers even more confident.
Experts in the field suggest that the rise in October is a structural change rather than a short-term trend. This is due to new methods for distributing tokens and enhancements to the infrastructure of prediction-based marketplaces.
Polymarket’s record-breaking month, which was assisted by the debut of the POLY token and plans to grow in the U.S., shows how decentralized prediction markets are becoming more critical in the global .
Prediction markets are poised for further expansion and increased popularity as the platform continues to grow and the business attracts substantial investments.
