Polymarket tops as platform activity directs volume to Polygon

Polymarket helped revive the Polygon L2 chain, becoming the top app in the past month. The prediction site is still using the legacy L2 chain, showcasing the potential for integrating the technology. 

Polymarket remained the top app on Polygon, one of the oldest L2 chains to scale Ethereum. Polygon’s activity based on daily active wallets has returned close to the levels of November 2024, this time based on the more sustainable growth of Polymarket. 

For the past 30 days, Polymarket was the top app on the Polygon chain, surpassing the activity of QuickSwap and Uniswap. Polymarket had the highest trading volume, at $3.7B for the past 30 days, accelerating after its record in October. 

Activity on Polymarket draws in new wallets and retail-sized prediction trades. The inflow of prediction traders has replaced the previous rush to meme tokens, as liquidity has also shifted. Polymarket is also testing the effect of its 15-minute, one-hour, four-hour and daily crypto bets, with pairs still available only for BTC, ETH, SOL, and XRP. 

Revolut integrates Polygon

Polygon remains relevant as Revolut has integrated the chain for a reliable gateway to value transfers. With the latest integration, Revolut will move closer to crypto traders, tapping the Polygon user base. 

The Polygon chain now locks in $1.19B, far from its peak in 2021. However, the chain also carries $3.21B in stablecoins and has shifted to a venue for payments. USDC is especially active, as it is the main asset to buy prediction pair tokens on Polymarket. 

The chain still carries over 1.1M active wallets daily, based on its DeFi and other apps. Revolut has added the chain mostly as a payment gateway. 

Polymarket contributes with around 70K daily active wallets, but its effect on liquidity and value locked is significant. The prediction platform is the third-biggest Polygon app with $247.1M in value locked. 

Kalshi still takes a lead on Polymarket

Polymarket remains the legacy prediction platform for crypto-native users, but Kalshi still leads on several metrics. 

Kalshi achieved 16M transactions against Polymarket’s 12M in October. In November, Kalshi also led with an open interest of $297M against $216M for Polymarket. Kalshi remains the leader in sports betting, challenging mainstream companies. Polymarket is more diverse and focused on current events, expanding through its social media integrations. 

Polymarket continues to tap the market for niche predictions, causing some controversies around insider knowledge. The platform also still suffers from flawed resolutions in some cases. At the same time, the Super Bowl Champion 2026 has the highest trading volume at $551M, with low activity for niche issues. 

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