Polygon-based prediction market Polymarket’s daily trading volume surged 57.5% on Sept. 23, according to data from Dune Analytics’ dashboard created by user rchen8.
The spike in volume comes amid rumors that Polymarket may launch its own token following a $50 million funding round.
Polymarket registered 12,468 active daily users on Sept. 23, just 182 short of breaking its all-time high. This number is also higher than the daily average of 11,344 users registered during the past week.
The turnaround in volume and users comes after days of subdued interest in the platform, which led to a significant drop in daily trading volume compared to the average.
Elections still dominate the activity
On the monthly timeframe, Polymarket’s user count is already at an all-time high, reaching 67,130 active traders and surpassing August’s numbers by 5.5%.
However, the monthly volume has yet to reach last month’s nearly $473 million, currently sitting at $411.4 million one week before Septembe
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