HomeBlockchainThe US elections "blew up" decentralized forecasting platforms

The US elections “blew up” decentralized forecasting platforms

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According to the data collected by The Block Research, the current elections in the turned out to be in the hands of decentralized forecasting platforms

On Augur, the amount of open positions exceeded $4 million. Basically, the growth was provided by Catnip.exchange, which is a simple Augur user interface for the market working with American elections. According to The Block researcher Mika Honkasalo, on the eve of the elections, the amount of open positions on Augur steadily increased by more than $1 million or by 25% daily.

Polymarket, a popular newcomer in the field of forecasting platforms, also benefited from the : thanks to election-related , the volume of trading on Polymarket V2 exceeded $3.5 million, which is approximately 91% of the total volume of the platform

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