Polymarket's daily active wallets are down 70% from March.
Txs down from ~4M to ~1.3M a day.
A few reasons that happened:
- The World Cup ended July
(But wallets and txs were declining before the tournament even started so...)
- March fee expansion could be part of it
- Crypto natives are degen trading memes/stocks
Also, general crypto market recovered so trading opportunities are more ample.
It's great we have onchain prediction markets, since when crypto is flat & boring, traders can go to PMs instead of leaving onchain altogether.
NFL and Premier League are back now.
Let's see if that brings volumes as well.
P.s. thanks
@JasonYanowitz for the Pro sub.