{"id":17665,"date":"2024-10-10T13:06:01","date_gmt":"2024-10-10T10:06:01","guid":{"rendered":"https:\/\/forklog.com\/en\/on-chain-analysis-reveals-profitability-of-polymarket-wallets\/"},"modified":"2024-10-10T13:06:01","modified_gmt":"2024-10-10T10:06:01","slug":"on-chain-analysis-reveals-profitability-of-polymarket-wallets","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/on-chain-analysis-reveals-profitability-of-polymarket-wallets\/","title":{"rendered":"On-Chain Analysis Reveals Profitability of Polymarket Wallets"},"content":{"rendered":"<p>Only 13.6% of users on the prediction platform Polymarket have turned a profit, with most earning less than $100, according to data from <a href=\"https:\/\/layerhub.xyz\/protocols\/polymarket\">Layerhub<\/a>.<\/p>\n<p>In absolute terms, this equates to 24,565 wallets. Conversely, the betting activities of 156,010 clients, or 86.4% of the total audience, resulted in losses.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1249.webp\" alt=\"1-1249\" class=\"wp-image-242942\"\/><figcaption class=\"wp-element-caption\">Data: Layerhub.<\/figcaption><\/figure>\n<p>Among the addresses reporting profits, only 2,146 users earned more than $1,000, while the majority made less than $100. The category of $100 to $1,000 included 7,465 wallets.<\/p>\n<p>Approximately 10.8 million transactions have been executed on the platform. From October 6 to 8, daily growth exceeded 300,000, driven by geopolitical tensions and the U.S. presidential elections.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-911.webp\" alt=\"2-911\" class=\"wp-image-242943\"\/><figcaption class=\"wp-element-caption\">Data: Layerhub.<\/figcaption><\/figure>\n<p>Over 26,000 wallets conducted more than 50 transactions, while around 33,700 executed between 20 and 50. In comparison, nearly 59,000 addresses made between one and five transactions.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/3-514.webp\" alt=\"3-514\" class=\"wp-image-242944\"\/><figcaption class=\"wp-element-caption\">Data: Layerhub.<\/figcaption><\/figure>\n<p>At the time of writing, open interest on Polymarket stood at $158.8 million. The volume of transactions approached $2.4 billion, with the number exceeding 11.1 million.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/4-327.webp\" alt=\"4-327\" class=\"wp-image-242945\"\/><figcaption class=\"wp-element-caption\">Data: Layerhub.<\/figcaption><\/figure>\n<p>In September, ForkLog reported that Polymarket aimed to raise $50 million and was considering a token issuance.<\/p>\n<p>In May, the platform <a href=\"https:\/\/u1f987.com\/en\/news\/institutional-bulletin-polymarket-secures-70-million-humanity-protocol-raises-30-million\">secured $70 million in investments<\/a> through two funding rounds. The funds were provided by General Catalyst, DragonFly Capital, ParaFi Capital, Vitalik Buterin, and others.<\/p>\n<p>Previously, Polymarket was integrated into Bloomberg&#8217;s terminal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Only 13.6% of users on the prediction platform Polymarket have turned a profit, with most earning less than $100, according to data from Layerhub. In absolute terms, this equates to 24,565 wallets. Conversely, the betting activities of 156,010 clients, or 86.4% of the total audience, resulted in losses. Data: Layerhub. Among the addresses reporting profits, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17664,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1268,842,1148],"class_list":["post-17665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-on-chain-analysis","tag-politics","tag-polymarket"],"aioseo_notices":[],"amp_enabled":true,"views":"146","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17665"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17665\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17664"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}