Polymarket processed $25.7 billion in volume during March, driven by 1.29 million active wallets trading across sports, politics, and crypto prediction markets. Sports betting dominated at $10.1 billion, nearly 40% of total volume. The protocol saw users returning more frequently and diversifying into multiple categories beyond their initial trades.
Crypto markets served as the primary onboarding category for new traders, suggesting the prediction platform leverages existing crypto audiences to build its user base. The data reflects broader adoption patterns where retail traders use prediction markets for hedging, speculation, and entertainment across multiple domains simultaneously.
Polymarket operates on Polygon layer-2 network, utilizing USDC stablecoins for trades. The March figures represent continued momentum for the platform following its emergence as the dominant crypto-native prediction market after Kalshi's legal challenges. The protocol's growth reflects both increased retail participation in on-chain trading and validation of prediction markets as a distinct DeFi vertical attracting mainstream users.